Description
Polygon, previously Matic Network, is an advanced layer 2 scaling solution designed to enhance Ethereum’s scalability and usability. It processes transactions off the main Ethereum blockchain, enabling faster and more cost-effective transactions. Polygon transforms Ethereum into a multi-chain system, akin to Polkadot and Cosmos, but leverages Ethereum's security and openness. Key features include the Polygon SDK, which supports building various applications such as Optimistic Rollup and ZK Rollup chains. Polygon's scalability addresses Ethereum's slow transaction speeds and high gas fees. It offers seamless token swaps, supports developer-friendly tools, and maintains compatibility with existing ecosystems. The native $MATIC token is essential for system security and governance. With a circulating supply of about 9.91 billion, MATIC is priced around $0.455, boasting significant market activity. Polygon aims to drive mass adoption by improving user experience and fostering a thriving, interoperable blockchain ecosystem.
Polygon, previously Matic Network, is an advanced layer 2 scaling solution designed to enhance Ethereum’s scalability and usability. It processes transactions off the main Ethereum blockchain, enabling faster and more cost-effective transactions. Polygon transforms Ethereum into a multi-chain system, akin to Polkadot and Cosmos, but leverages Ethereum's security and openness. Key features include the Polygon SDK, which supports building various applications such as Optimistic Rollup and ZK Rollup chains. Polygon's scalability addresses Ethereum's slow transaction speeds and high gas fees. It offers seamless token swaps, supports developer-friendly tools, and maintains compatibility with existing ecosystems. The native $MATIC token is essential for system security and governance. With a circulating supply of about 9.91 billion, MATIC is priced around $0.455, boasting significant market activity. Polygon aims to drive mass adoption by improving user experience and fostering a thriving, interoperable blockchain ecosystem.
