Polygon Crypto Price Prediction, Value and Chart (MATIC)

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 or BlockFi. 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 $0.57 on major cryptocurrency exchanges. You can also exchange one Polygon for 0.00002700 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Polygon in U.S. dollars is $4.58 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: Binance USD, BITCOIN ADDITIONAL, Mammoth, Crypto.com Coin, Parkgene, Dai, DREP, DREP [old], THETA, yOUcash, FTX Token, Chainlink, KickToken [old], Magic Internet Money and Decentraland.

What is the Reddit page for Polygon?

The official Reddit community (subreddit) for Polygon is r/maticnetwork.