Since the heady days of the ICO boom and bust in 2017, blockchain technology has struggled to attract widespread interest from the mainstream business world...
what is Polygon(MATIC)?
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
To learn more about this project, check out our deep dive of Polygon Matic.
Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.
Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.
Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts.
Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.
Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain.
The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain.
MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.
What are the different types of cryptocurrency exchanges?
Binance、Coinbase Pro、OKEx、Kraken、Huobi Global、Bitfinex、MEXC
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Follow the continued development of Polygon and the rise of a borderless, permissionless financial system. The evolution of the Polygon industry, the best ways to invest in Polygon, and how Polygon futures impact blockchain adoption. How industry stakeholders will work to make Polygon a mainstay in people's lives.
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The Ethereum (ETH) ecosystem is one of the fastest growing in the crypto sphere. This is due to Ethereum (ETH)'s shift to Proof-of-Stake, one that has made...
Investment titan Franklin Templeton says that its blockchain-run mutual fund is now supported on the Ethereum layer-2 scaling solution Polygon (MATIC).
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Polygon (MATIC): Global sneaker and lifestyle brand Adidas releases Chapter 1 of NFT collection in billion-$-market
Adidas collaborated with NFT influencer gmoney, PUNKS Comic, and Bored Ape Yacht Club to enable holders burn NFTs for a new ERC-1155 token.
Polygon [MATIC] has witnessed a decline in its network activity. As per Dune’s chart, Polygon’s unique addresses have registered a downtrend.
MATIC saw a massive price appreciation earlier this year. A good chunk of those gains has been wiped out over the past three weeks
Before getting a steady ground, Polygon [MATIC] depreciated 40%, from $1.57 to $0.94. Bulls got refuge at $0.94 and fronted a recovery.
Symbiogenesis game, launched by Square Enix, will feature turn-based gameplay linked to the storyline, as well as divergent paths.
Rarible announces that Polygon Aggregation is live on the platform to offer better liquidity to the users and to allow Ethereum and Polygon collections growth.
The Polygon network has turned unstoppable owing to the increase in trading activity on OpenSea with the single day trading volume reaching $11,405,423.
Polygon NFTs overtook Ethereum NFTs on OpenSea, with 1,514,895 NFTs exchanged in January & 1,305,244 in December 2022.