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Polygon (MATIC)

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About Polygon

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.

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POLYGON History / Information / Buying / Staking

  • POLYGON HISTORY

    Polygon (formerly Matic Network) was launched in October 2017. Polygon was co-founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, two experienced blockchain developers and a business consultant. Before moving to its network in 2019, the Polygon team was a huge contributor in the Ethereum ecosystem.

  • HOW POLYGON WORKS

    Polygon describes its platform as a Layer 2 scaling solution that reduces the complexity of scaling blockchain solutions and facilitates faster blockchain transactions. Using a custom version of the Plasma framework that is built on proof of stake (PoS) checkpoints on the main Ethereum blockchain, Polygon allows each sidechain on its network to achieve up to 65,536 transactions per block. The sidechains created on Polygon are designed to support DeFI (decentralised finance) protocols on Ethereum.

  • BENEFITS OF USING POLYGON

    Some of the benefits of using Polygon are:

    LOW TRANSACTION FEES

    FAST TRANSACTIONS

    SCALE AND OFFERS STAKING REWARDS

  • CAN YOU STAKE POLYGON

    Anyone can become a validator on the Polygon PoS mainnet and share the non-inflationary network rewards, supporting the next wave of adoption. You can set up your own node or lease to a community node. Your rewards depend on the amount of $MATIC staked and the transactions in the network.

  • COINS SIMILAR TO POLYGON

    Direct competition to Polygon which are considered similar coins are:
    HARMONY AVALANCHE