What Is Polygon (MATIC)?

The Polygon network is the first cryptocurrency that is well structured and is incredibly crypto user friendly. If an individual is just initiating to deal in bitcoin, then he or she must start from the Polygon network surely.

However, this cryptocurrency was previously popular as the MATIC network. 

At the current time, the core component of MATIC network is Polygon SDK, a flexible framework that supports building multiple types of applications. 

Using MATIC network, one can create optimistic rollup chains, or any other kind of infra required by the developer.

MATIC network efficiently modifies Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other Cryptocurrencies such as Polkadot, Cosmos, Avalanche, etc. With numerous advantages of Ethereum’s security, vibrant ecosystem, and openness, Polygon is becoming the most profitable crypto in the market. 

Unique features of Polygon

Polygon cryptocurrency is famous as a Layer 2 scaling solution that means that the platform is not going to upgrade to an advanced blockchain layer any time soon. Moreover, the Polygon project centers on reducing the complexity of scalability and instant blockchain transactions. 

MATIC uses a custom version of the Plasma framework that works on proof-of-stake checkpoints that run through the Ethereum main-chain. Furthermore, this unique crypto technology allows each sidechain on MATIC network to achieve up to 65,536 transactions per block.

Markets to deal 

The MATIC cryptocurrency is most famous cryptocurrencies for its immense contribution to the development of the Ethereum ecosystem. This cryptocurrency is highly popular on all DeFi exchanges. Numerous exchanges are actively trading in MATIC coins. Such crypto exchanges are Binance, BiONE, ZebPay, Coinbase Pro, Huobi Global, UniSwap WhiteBIT, and, Hotbit.