Polygon was developed by Anurag Arjun, Jaynti Kanani, Mihailo Bjelicin and Sandeep Nailwal in 2017 for building and connecting Ethereum-compatible blockchain networks. The platform provides multiple tools to improve the speed and reduce the cost of transactions on blockchain networks. After rebranding from Matic Network to Polygon as a Layer-2 solution on the Ethereum network, provides scalable, secure, and instant transactions using sidechains with an adapted implementation of the Plasma framework. Polygon uses its own Proof-of-Stake (PoS) blockchain and Commit Chain connectivity to help scale the Ethereum network. It seeks to solve inefficiencies that may hinder widespread adoption of Decentralized Applications. Its native token MATIC is used as a unit of payment and settlement between participants who interact within the network. Polygon has maintained its reputation as the swiss army knife of Ethereum scaling with the supply of the MATIC tokens limited to 10billion MATIC coins in circulation.
Polygon MATIC
Last Price
N/A
Price Change 24h %
N/A
Best Bid
N/A
Best Offer
N/A
High
N/A
Low
N/A
Open Volume
N/A
Status