Polygon (MATIC) is a decentralized Ethereum-based platform that allows developers to build scalable easy-to-use dApps. The advantage of this blockchain is that there are low transaction costs. In addition, the team claims to have better security than Ethereum.
Although Ethereum is one of the largest cryptocurrencies in the world, this coin has suffered from scalability issues for years. The transaction costs and speed of the network have often been questioned and there are already dozens of blockchains that work faster and cheaper. Polygon has responded to this by coming up with an ideal solution.
Polygon is a scaling solution. It ensures that payments on the network become faster and cheaper. In addition, Polygon is used by developers to build and use Decentralized Apps (dApps). For example, staking protocols, NFTs and various DeFi dApps.
Polygon was launched in October 2017 under the previous name Matic Network. The ticker has always remained (MATIC).
Polygon supports the Ethereum network and at the same time ensures fast and cheap transactions.
As Polygon calls it: 'Safety as a service'. The network has strong security and works via the Proof-of-Stake protocol.
Polygon (ERC-20) statistics from the last 24 hours
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The Polygon token sale sold out quickly. With a starting price of $0.0027, MATIC started its price movement. The ICO sold out quickly and this has given the project the opportunity to use this earned revenue for expanding the network. And with success. Polygon currently has more than 37,000 working and active decentralized apps on the network.
With a starting price of $0.0027, MATIC started its price movement. During its peak in 2021, the coin has reached a price of a whopping €3. This is an increase of more than 26,000% since the coin's inception. In addition to these shocking price movements, the network is also robust, fast and secure. It is therefore not for nothing that Polygon has developed a large following in the meantime.