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Polygon (MATIC)

Purpose: Layer 2 Scaling for Ethereum
Website: https://polygon.technology/
Coingecko Infos

Price for 1 MATIC

0,4483 $

0,62 %

Rank: 98 - Market Cap: 1,05 bn $

Polygon (formerly known as Matic Network) is a Layer 2 scaling solution for Ethereum that aims to provide faster and cheaper transactions while maintaining decentralization and security morePolygon (formerly known as Matic Network) is a Layer 2 scaling solution for Ethereum that aims to provide faster and cheaper transactions while maintaining decentralization and security.

Some of the possible benefits of Polygon include:

1. Faster and cheaper transactions: Polygon's Layer 2 solution enables faster and cheaper transactions than the Ethereum mainnet. The network allows for up to 65,000 transactions per second, compared to Ethereum's 15 transactions per second.

2. Improved user experience: the faster and cheaper transactions on Polygon can enhance the user experience by reducing transaction fees and wait times.

3. Increased scalability: Polygon's Layer 2 solution can help Ethereum to scale and handle a larger number of transactions.

4. Interoperability: Polygon supports interoperability between different blockchain networks, allowing for the seamless transfer of assets and data.

5. Ecosystem growth: The Polygon ecosystem has grown rapidly in recent months, with several projects building on the network, including Aave, Curve, and SushiSwap.

The MATIC token is the native token of Polygon and plays an essential role in the network's operations. It is used to pay for transaction fees, staking rewards, and governance. Additionally, the MATIC token is used as collateral for the network's security and to support liquidity on Polygon's decentralized exchange (DEX), QuickSwap.

Sources:
- "What is Polygon (Matic Network)? A Beginner's Guide" - Blockonomi
- "Matic Network Is Now Polygon: How Will It Help Ethereum Scale?" - CoinDesk
- "Polygon (MATIC) Price Prediction for 2021-2025" - Crypto Rating (AI generated summary)

Scaling for Ethereum via side chain
Low transaction costs
Fast transactions

Proof of Stake Sidechain
Customized Plasma Version
Polygon usable in Ethereum ecosystem

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Amount (optional) EUR

Payment methods:

Credit Card

Bank Wire

Paypal

Giropay

Usability:

Mobile App

Beginner friendly

Easy crypto withdrawal

No KYC needed

Features:

Crypto Credit Card

Lending/Interest

DCA Service

Crypto Index

Stocks/ETFs

Many Coins

Buy Polygon (MATIC) on these exchanges:

Recommended

Recommended
Price

Usability

85%

Features

45%

Fees

100%

Trust

93%

Support

80%

Kraken is one of the longest running crypto exchanges

security proven over many years
Lightning integrated
many coins
low fees

unterstützt das Lightning Netzwerk

Payment methods:

Polygon (MATIC) Chart

MATIC trending in the last 30 days

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