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Polygon (MATIC)
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About MATIC
Polygon (MATIC) is a Layer-2 scaling solution for Ethereum, designed to enhance the speed, efficiency, and cost-effectiveness of decentralized applications (dApps) and transactions on the Ethereum network. Originally known as Matic Network, Polygon has expanded its scope to become an interoperable blockchain framework, supporting multiple Layer-2 solutions like Plasma, Optimistic Rollups, zk-Rollups, and Validium. Polygon’s network allows developers to build scalable, user-friendly dApps with low transaction fees, contributing to its rapid adoption across DeFi, NFTs, and gaming. MATIC, the network’s native token, is used for transaction fees, staking, and governance. You can track live MATIC prices, historical data, and market insights on our Polygon Markets page to stay updated on this essential Ethereum scaling project.
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Loading...Frequently Asked Questions about Polygon
What is Polygon (MATIC)?
Polygon (MATIC) is a Layer-2 scaling solution for Ethereum that provides fast, low-cost transactions and interoperability for decentralized applications (dApps) on the Ethereum network.
How does Polygon work?
Polygon uses a variety of Layer-2 scaling solutions, such as Plasma, Optimistic Rollups, and zk-Rollups, to process transactions off-chain, reducing congestion and fees on the Ethereum network.
What makes Polygon unique?
Polygon’s unique framework allows it to support multiple scaling methods, giving developers flexibility in building scalable dApps. Its low fees and high transaction speeds make it ideal for DeFi, NFTs, and gaming applications.
