What is a polygon (MATIC)? Find the blockchain protocol that “straightens” Etherium

This is not something new Cryptocurrency The portfolio of investors has been conquered, be it individuals or large organizations. Net Polygon They say: In addition to your tokens MATIC With a growth of more than 14,000% in 2021, the project is still receiving contributions from “big fish” millionaires, such as venture capital firms. Sequoia Capital And shark tank billionaires, Mark Cuban.

But what is behind this exponential appreciation of MATIC? What problems does the polygon network try to solve, and what role does it play in the giant crypto ecosystem?

In partnership with BitcoinTradeA platform for buying and selling digital assets, we’ve created a complete guide to everything you need to know about how to diversify your cryptocurrency applications by investing in polygons and MATIC tokens.

How does a polygon work?

Founded in 2017 by Jayanti Kanani, Sandeep Nelwal, Anurag Arjun and Mihailo Bezelic developers, Bahubhuj emerged as the MATIC network – hence the name of its original token.

If his proposal needs to be summarized in a few words, it is sufficient to state the purpose of the polygon. “Obscure” Etherium.

Better to explain: Etherium is the second largest blockchain in the world, just behind Bitcoin. However, despite being a relevant and very important innovation in the crypto world, it has some issues that interfere with the user experience, thus preventing its scalability.

Due to its widespread use, the network is often The crowd And SlowBesides coming High processing fees (Calls Gas fee) And Little administration By the community. This is a common challenge in blockchain that is growing exponentially. They have to deal with a third party, in which they have to decide between scalability, security or decentralization. In the case of Etherium, the last two components were preferred over the first.

Polygon, then, emerges as the allowing solution Scalability of EtheriumTo enable Creating network-compatible blockchain, They borrow features from it – such as security – and improve others – such as cost and processing speed.

In a nutshell: Ethereum has created networks and applications with polygonal “discussions”.

In addition, Polygon allows developers to create ethernet-compatible dApps (decentralized applications) and customize blockchain, create projects in DeFi, NFTs, metaverse, Web 3.0, games, and more.

Here are some examples of projects using the Polygon Framework:

  • Explosion: Allows to place competitions and challenges within the scope of the game-to-earn game (a game in which the user receives rewards in the form of tokens for playing);
  • Limitless: An application that allows money to be traded cheaply and quickly around the world, using blockchain technology;
  • Arts: Platform that leverages Metavers’ digital space to promote interactions between artists and curators and collect catalogs;
  • Decentralized and: Metavers game in which it is possible to create avatars, interact with other people and engage in activities. To learn more, click here.

Original Token: MATIC

Is MATIC Original cryptocurrency Of the polygon ecosystem (formerly the matic network). This is the ERC-20 token, which is compatible with the Etherium blockchain and has a supply (total supply) of 10 billion units.

Its main functions are:

  • Governance Token: Token holders gain voting power and can participate in decisions related to improving network infrastructure;
  • Payment of fees: The processing fee of Polygon is paid along with the MATIC token, as is the charge for the blockchain created in the network;
  • Stocking: The Polygon Network works with a proof of stake (PoS) consensus mechanism – that is, cryptocurrencies are “locked” in the blockchain to authenticate transactions. The crypto used for stacking is MATIC.

An easy and practical way to invest in MATIC is BitcoinTrade, the exchange that offers Reliable and secure platform for trading 35+ cryptocurrencies With applications of R $ 20.00. To learn more and open your free account, click the button below:

What is the potential of MATIC?

In addition to the millionaire investment received by the network, which has also valued the MATIC token, other data and events show that the polygon can be a promising project in the crypto world:

  • Of more 19 thousand dApps According to the project’s official website, polygons have already been used to scale their operations;
  • 1.6 billion transactions Was done in the network;
  • Decentralized Exchange (DEX) uniswapOne of the most relevant today, included in the ecosystem: UNISAP users can trade tokens through the Polygon blockchain using the official DEX interface;
  • Developers a Special section focusing on games and metavers Polygon Studio, which is a growing trend and means the value of protocol.

Place yourself in MATIC from BRL 20.00

Even in promising ventures like polygons, it is important to do more research on the project before investing. The crypto world is full of protocols and crypto assets.

On BitcoinTrade, you can trade Bitcoin, Ethereum, MATIC and other cryptocurrencies In a safe and practical way.

To do this, open your account for free and transfer the balance from it BRL 20.00 By PIX Or Bank transfer To enter the crypto market.

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