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Earn 1 matic daily for free from the link below:
https://polybox.finance/r/46210
What Is Polygon (MATIC)?
Polygon (MATIC) is a Layer 2 scaling solution built on top of Ethereum. Its primary goal is to address the scalability issues faced by many blockchains, including Ethereum. The project provides a well-structured, user-friendly platform for Ethereum scaling and infrastructure development. At its core, Polygon SDK offers a modular and flexible framework that supports various types of applications. Developers can create optimistic rollup chains, ZK rollup chains, standalone chains, or any other infrastructure required for their projects. Essentially, Polygon transforms Ethereum into a full-fledged multi-chain system, akin to other projects like Polkadot and Cosmos. Key advantages include Ethereum’s security, a vibrant ecosystem, and openness. The native token of Polygon is $MATIC , which plays a crucial role in securing the system and enabling governance.
How Does Polygon Work?
Polygon combines the Plasma Framework with a proof-of-stake (PoS) blockchain architecture. The Plasma framework, proposed by Ethereum co-founder Vitalik Buterin, facilitates scalable and autonomous smart contracts. Existing applications built on the Plasma-POS chain remain unaffected.
Polygon enhances this technology by adding new features to cater to diverse developer needs. Notably, Polygon achieves up to 65,000 transactions per second on a single side chain, with a block confirmation time of less than two seconds. It allows the creation of globally available decentralized financial applications on a single foundational blockchain.
Current Status:
As of now, the live price of Polygon (MATIC) is approximately $0.98 USD. Polygon ranks #16 in terms of market capitalization, with a market cap of around $9.8 billion USD.
