About Polygon (MATIC)
Market Capitalization$1.15 billion
Coin or TokenCoin
Official Website (Alt)N/A
Message Board (Alt)N/A
Blockchain Explorer (Alt)N/A
Polygon (MATIC) Frequently Asked Questions
What is Polygon?
Matic provides scalable, secure and instant transactions using sidechains based on an adapted implementation of Plasma framework for asset security and a decentralized network of Proof-of-Stake (PoS) validators. In short, it allows anyone to create scalable DApps while ensuring a superior user experience in a secure and decentralized manner. It has a working implementation for Ethereum on Ropsten Testnet. Matic intends to support other blockchains in the future which will enable it to provide interoperability features alongside offering scalability to existing public blockchains. Matic Network is expanding tech scope and mission and becoming Polygon — Ethereum’s Internet of Blockchains. Existing Matic solutions remain functional and high priority. All the existing Matic solutions and implementations, primarily Matic PoS Chain and Matic Plasma Chains, remain fully functional and will continue to be developed and grown as very important components of the Polygon ecosystem. These implementations will not be impacted or changed in any way, and no action is required from developers or end-users. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance. See the official announcement. Polygon is a easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting two major types of solutions:Secured chains (aka Layer 2 chains): Scaling solutions that rely on Ethereum for security instead of establishing their own validator pool. Stand-alone chains (aka Sidechains): Sovereign Ethereum sidechains, normally fully in charge of their own security, i.e. with their own validator pool. (Description provided by CryptoCompare)
How do I buy Polygon?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Polygon.
Where can I get Polygon wallet?
Polygon produces its own wallet software that is available for download on its website, which allows you to store Polygon on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Polygon?
One Polygon (MATIC) is currently worth $0.23 on major cryptocurrency exchanges. You can also exchange one Polygon for 0.00000468 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Polygon in U.S. dollars is $1.15 billion.
What hashing algorithm does Polygon use?
Polygon is a coin that uses the ETH Token algorithm.
What coins are similar to Polygon?
The following coins use Polygon's ETH Token algorithm and proof-type: Chainlink, Aave, Crypto.com Coin, THETA, Solana, FTX Token, Binance USD, Huobi Token, Synthetix, Dai, The Graph, SushiSwap, Maker, Voyager Token and Fantom.
What is the Reddit page for Polygon?
The official Reddit community (subreddit) for Polygon is r/maticnetwork.
MarketBeat Community Rating for Polygon (MATIC)MarketBeat's community ratings are surveys of what our community members think about Polygon and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.
Polygon (MATIC) Price Chart for Tuesday, March, 2, 2021
Polygon (MATIC) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as Polygon. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Polygon Coin" over the last 90 days.
Polygon (MATIC) Website Traffic
Polygon (MATIC) Social Media Trends
Polygon (MATIC) News Headlines