Polygon: Ethereum scaling solution with lower gas fees and staking.
Polygon (MATIC) is an Ethereum scaling solution enabling faster, cheaper transactions and custom blockchains via sidechains and its MATIC token.
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What is Polygon (MATIC)?
Polygon (MATIC) is a layer-2 scaling solution designed to enhance Ethereum's capabilities by providing a framework for building Ethereum-compatible blockchains. It essentially acts as a supplementary layer to Ethereum, improving its scalability and reducing transaction fees without altering the original chain. As a multi-level platform, Polygon allows developers to launch interoperable blockchains using its Software Development Kit (SDK). Its core features include a Proof-of-Stake (PoS) consensus mechanism where validators stake MATIC to secure the network and earn rewards. Polygon uses PoS 'checkpointing' to accelerate transaction speeds while maintaining decentralization by anchoring checkpoints to the Ethereum main chain. Polygon supports various scaling methods such as Plasma Chains, z...
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Polygon price live information
As of now, Polygon is trading at 0.3791 USD, with a 24-hour trading volume of approximately 0 USD. The MATIC to USD price is updated in real time. Over the past 24 hours, Polygon has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 720.21M USD. Currently, there are 1 899 780 758 MATIC in circulation out of a maximum supply of 10 000 000 000 MATIC.
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