icon - Polygon
MATIC Polygon
+ 1.12%
$ 0.8778333
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 16
    $ 0.8778333
    $ 8,692,511,900
    $ 450,047,860
    0 MATIC
    + 1.12%

Polygon. Price of cryptocurrency: $ 0.8778333

What is the difference between MATIC and Polygon?
The first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development is called Polygon.
To learn more about this project, check out our deep dive.
One can use Polygon to create rollup chains, ZK rollup chains, stand alone chains or any other type of infra required by the developer.
The Internet of Blockchains is a full-fledged multi-chain system created by Polygon.
The $MATIC token will play an increasingly important role in securing the system and enabling governance.
Polygon is a Layer 2 scaling solution.
The proof-of-stake architecture is combined with the Plasma Framework.
There is nothing that will change for the existing system. New features are being built around proven technology to expand the ability to cater to diverse needs from the developer community.
There are 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 potential of housing an unlimited number of applications on their infrastructure is given by the Plasma framework.
The native token of Polygon is MATIC. The token is used for payment services on Polygon and as a settlement currency between users.

Who are the people who started the company?
In October of last year, Polygon was launched.
Before moving to its network, the team was a huge contributor.
Jaynti Kanani is a co-founder of Polygon.
Jaynti was involved in the implementation of several protocols on the platform.
Sandeep Nailwal is a co-founder and chief operations officer of Polygon.
There is only one non-programming co-founder of Polygon.

What makes Polygon unique?
The project doesn't want to upgrade its current basic blockchain layer any time soon because it is self-proclaimed as a Layer 2 scaling solution.
The framework is built on a proof-of-stake.
The sidechains of Polygon are designed to support a variety of finance protocols.
The network intends to support additional basechains based on community suggestions and consensus.
The London Hard Fork and Eip-1559 upgrade are MATIC.
The London Hard Fork and Ethereum Improvement Proposal will go live on the mainnet on January 18, 2022. The upgrade will completely change the way the fee mechanism works on the network, it eliminates first-price auction as the main fee calculation mechanism and instead uses a base fee that is burned, instead of sent to miners.
The deflationary effect on the digital asset will be caused by the fact that MATIC has a fixed supply of 10 billion token. The core team projected an annual burn of MATIC amounting to 0.21% of the token's total supply. validators and delegators are likely to benefit the most from this deflationary pressure. Once the block is filled up, the base fee will increase automatically, which will result in less network congestion.
The network has carbon neutrality.
One of the multiple blockchains achieving carbon neutrality is Polygon. That initiative is part of the Green Manifesto, which aims to focus on sustainable development. $20 million was committed by Polygon for various community initiatives to use Web3 technology to build a sustainable future for all.
$400,000 worth of carbon credits was bought through a partnership with KlimaDAO. There are nearly 90,000 tonnes of CO2 emissions from those credits.
KlimaDAO is a collective of environmentalists, entrepreneurs, and developers who want to change the carbon market through on-chain technology.
KlimaDAO and Offsetra analyzed Polygon's network energy footprint to figure out a compelling mitigation approach.
The first step is becoming carbon neutral. The network uses proof-of-stake which is far more energy efficient than proof-of-work.
The wind power project at Jaibhim, India is one of the network-native projects that KlimaDAO has retired carbon credits from.
How many MATICs are in circulation?
The MATIC token is released on a monthly basis.
3.8 percent of MATIC's max supply was issued at its initial private sale. Nineteen percent of the total supply was sold in the April launchpad sale.
The MATIC token distribution is as follows:

16 percent of the total supply is team token. 4 percent of the total supply isAdvisors token. 12 percent of the total supply is the network operations token. The total supply is 21.86 percent. The total supply is 23.33 percent.
All the token will be released by December 2022.

How is the Polygon secured?
As a Layer 2 solution using a network of proof-of-stake validators for asset security, staking is an important part of the Polygon ecosystem.
Members of the network who don't want to become validators can still take part in the staking process and earn rewards.
Blocks are used at the block producer layer to achieve a higher degree of decentralization.

Where can I buy Polygon?
MATIC is one of the projects that contributed a lot to the development of the platform.

The name of the company is Binance. The Pro is from Coinbase. Huobi Global FTX There is a coin called Ku coin.
You can use the Polygon price page to see the price in your preferred currency. Alternatively, use the dedicated exchange rate page.
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