A Layer-2 platform for Ethereum scaling and Web3 infrastructure development.
Polygon (MATIC) Fact Sheet
- Polygon is a platform for Ethereum scaling and web3 infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more.
- Polygon (MATIC), previously known as the Matic Network, is a platform created as a Layer-2 solution to help scale Ethereum (ETH) and enhance its overall infrastructure for development.
- One of the core components surrounding Polygon is the Polygon SDK, a modular, flexible framework that allows developers to create different types of decentralized applications (dApps).
- Using the Polygon (MATIC) network, developers can create optimistic rollup chains, ZK Rollup chains, or any other infrastructure required for specific developments.
- The key issues that Polygon aims to tackle are transaction speed and the lack of community governance found within the Ethereum blockchain.
- The native cryptocurrency token used across the Polygon network is the MATIC token, and it is used as a means of payment for the transaction fees. It can be earned by those providing computational power to the Polygon network and validating transactions or executing smart contracts.
- Polygon Technology is a private IT company headquartered in Bengaluru, Karnataka, India. Its scaling solutions have widespread adoption with 7,000+ applications hosted, 1B+ total transactions processed, ~130M+ unique user addresses, and $5B+ in assets secured.
Polygon Historical Data Price Chart in the U.S. Dollars (USD)
Polygon Historical Data Price Chart in the U.S. Doll