Overview – Polygon (MATIC)

The Polygon project is building a variety of blockchain platforms

November 22, 2022 polygon

When we talk about Polygon, we typically mean the Proof-of-Stake blockchain that uses MATIC as its native asset. However, it’s important to mention that the Polygon project is also working on other solutions that address the issue of blockchain scalability. Here’s the current lineup of Polygon’s solutions: Polygon PoS – Proof-of-Stake network that’s compatible with Ethereum Polygon zkEVM – A zero-knowledge (ZK) rollup layer 2 solution for Ethereum Polygon Avail – A blockchain focused on data availability Polygon Edge –…

The most important Polygon milestones

November 22, 2022 polygon

The Polygon project has seen significant growth thanks to the scalability issues facing the Ethereum blockchain, becoming one of the leading players when it comes to Ethereum-compatible layer 2 solutions. Let’s quickly take a look at some of the most notable milestones accomplished by Polygon: April 2019 – Matic Network holds its token sale on Binance Launchpad February 2021 – Matic Network rebrands to Polygon June 2021 – The Total Value Locked (TVL) of the Polygon blockchain hits $10 billion…

About Polygon

November 22, 2022 polygon

Polygon is a blockchain project that’s aiming to improve blockchain scalability—in other words, it is working on solutions to help users access faster and cheaper blockchain transactions without compromising security. Polygon, which was once known as Matic Network, was established in 2017. The project had a token sale for their MATIC token on the Binance Launchpad IEO platform in April of 2019 and raised approximately $5 million. In February 2021, the team announced they would be rebranding from Matic Network…