Polygon (formerly known as Matic Network) is a platform that seeks to improve the scalability and usability of Ethereum, offering layer two solutions that enable faster and cheaper transactions.
Its goal is to create an "Internet of Ethereum Blockchains", providing a modular and flexible infrastructure for the development of decentralized applications (dApps).
Main features:
Polygon SDK: A modular and flexible framework that supports the building of multiple types of applications, making it easier for developers to create customized solutions.
Compatibility with Ethereum: Polygon maintains a close integration with Ethereum, allowing dApps to leverage the existing security and infrastructure of the main network.
Scaling Solutions: The platform offers various scaling solutions, including sidechains and rollups, to improve efficiency and reduce transaction costs.
Utilities:
MATIC Token: It acts as the native cryptocurrency of the network, used to pay transaction fees, participate in governance, and as an incentive for validators.
Development of dApps: Polygon provides a robust infrastructure for developers to build secure and scalable decentralized applications.
Interoperability: The platform facilitates communication and data transfer between different blockchains, promoting a more connected ecosystem.
Whitepaper:
The official Polygon whitepaper, titled "POL: Unifying Liquidity and Security Across the Polygon Ecosystem"
It is available on their website:
- Polygon Whitepaper -
Annual price evolution of Polygon (MATIC):
This is a list of the approximate price of MATIC at the end of each year since its launch:
2019: $0.014
2020: $0.017
2021: $2.53
2022: $0.76
2023: $0.60 (as of December 1)
* Polygon has emerged as a key solution to address the challenges of scalability and usability in Ethereum, offering a flexible and efficient platform for the development of dApps.
Its focus on interoperability and compatibility with Ethereum has attracted a large community of developers and users *
