Polygon (MATIC)

Polygon (MATIC), formerly known as Matic Network, is the first easy-to-use, structured platform for Ethereum (ETH) infrastructure development and scaling. Its main component is Polygon SDK, a modular and flexible framework that supports the creation of multiple types of decentralized applications (DApps), especially DeFi (decentralized finance) types.

When we talk about altcoins such as the Polygon token, called MATIC, it is important differentiate the cryptocurrency from the project. Therefore, the first thing you should understand is that it is one thing to talk about MATIC, referring to the alternative cryptocurrency in question, and another is to refer to the project behind it, called Polygon.

Polygon (MATIC) Price Today, 07 September 2024:

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Polygon: The Project

Polygon (formerly Matic Network) is a Layer 2 scaling solution on Ethereum (ETH) backed by Binance and Coinbase. The project seeks to enable mass adoption of the new cryptocurrency market by solving scalability issues in many blockchains.

Polygon combines Plasma Framework and proof-of-stake blockchain architecture. The Plasma framework used by Polygon proposed by the co-founder of Ethereum (ETH), Vitalik Buterin, allows the easy execution of smart contracts scalable and autonomous.

MATIC: The Altcoin (ie The Token)

MATIC is the Polygon token. It is a cryptocurrency that works under an Ethereum contract, it is used to pay the node operators that make this project possible.

– Polygon MATIC contract address: 0x7D1AfA7B718fb893dB30A3aBc0Cfc608AaCfeBB0

– Token type: ERC20

– Max Actions: 10,000,000,000

– Whitepaper

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