List of All Polygon Tokens
March 2023

What is Polygon Matic?

There are quite a lot of coins on the cryptocurrency market. After Bitcoin and Dogecoin in recent years, Polygon (Matic) Coin has been added to the list of the most researched coins now. So, what is this Polygon? Polygon (formerly known as Matic Network) is an easy-to-use platform configured to offer scaling and infrastructure development on the Ethereum network. The foundations of the project are based on the Polygon SDK, a modular and flexible infrastructure that supports creating multiple types of applications. Polygon was started to be used in October 2017. It was co-founded by two experienced blockchain developers, Jaynti Kanani and Sandeep Nailwal, as well as Anurag Arjun, a professional consultant. It is a platform with an Ethereum infrastructure. It has a plasma framework developed to manage smart contracts in a scalable and autonomous way. It has a functioning aimed at improving the layout built on Proof of Stake and Plasma.

Polygon is a network that is the answer to big problems such as high fees, not good enough user experience, and low transaction amount observed on the Ethereum network. Polygon envisions a world where different blockchain networks can exchange values and information both freely and easily. It eliminates the technological and ideological divisions encountered in today's blockchain structures. At the initial stage, the project was known as the Matic Network, but later it was rebranded with the name Polygon when the scope of the project was expanded. While Matic is a simple second-tier scaling solution for the Ethereum blockchain, Polygon has become an infrastructure consisting of blockchain networks that have achieved their own dominance, scaled appropriately for the audience, and are based on collaboration.

Polygon, developers can easily configure and use their own blockchain network to distribute to your audience consensus and governance modules besides, various execution environments, including applications that include various modules and the virtual machine. Polygon offers support for two types: a stand-alone chain and a secure chain. Stand-alone chains are blockchain networks that are directly compatible with Ethereum and are self-dominant. If they are secure chains, they have a structure that uses a network of professional verifiers and puts security at the forefront. The platform is designed to support various blockchain scaling systems, including Matic Plasma, ZK Rollups, Optimistic Rollups, and Validum Chains. The system has also been developed to increase the processing efficiency of associated blockchain networks without sacrificing security or user experience.

On the other hand, the main purpose of Polygon is to provide a framework for blockchain networks. Users will be able to create blockchain networks that connect to each other, rather than completely separate. This can offer developers the best of both worlds. They can create their own independent blockchains with all the advantages it provides, including scalability and flexibility. They would also have the advantages offered by Ethereum, including its security and the tools provided through it. So, what makes Polygon different from others? Now let's have a look at this topic. Unlike other platforms, chains within the Polygon ecosystem do not have to use the service dec to take advantage of the security service, but they can still transmit data between each other thanks to the ability to transmit messages. Thus, developers can create decentralized applications that can take advantage of the unique features of multiple chains and really work together. In addition to these, it is difficult to buy some cryptocurrencies because they are not available on major cryptocurrency exchanges. You won't have this problem with Polygon.

Since developing applications on Polygon is very similar to developing on Ethereum, the world's largest blockchain development community can easily become involved in this platform. We should say that Polygon is designed to make transactions on the Ethereum blockchain faster and cheaper. Without giving up any features, it is possible to create highly scalable applications by taking full advantage of Ethereum's network structure. As we mentioned earlier, Polygon is a structure that breaks memory in terms of providing support for various scaling options that projects can implement depending on their desire. In this way, it is possible to get the desired location if any scaling solution is widely used in the future or is not developed for its intended purpose.

In last words, Polygon is a Layer 2 scaling solution supported by Binance and Coinbase. The project aims to promote the mass adoption of cryptocurrencies by solving scalability problems in many blockchains. The MATIC token will play an increasingly important role by securing the system and ensuring governance. It is used as a payment currency among users dec in the MATIC Polygon ecosystem, which are native tokens of Polygon. MATIC coins are also used to pay transaction fees on Polygon side chains. Polygon is a very successful network with its processing speed and low charging features. To achieve a higher degree of decentralization, Polygon employs block producers at the block producer layer. These block producers give certainty to the main chains by using checkpoints and anti-fraud mechanisms. We can understand how secure the network is from here.