Convert MATIC to USD
List of cryptocurrencies and tokens supported by PassimPay crypto wallet. Secure storage for a variety of digital assets.
btcBitcoin
tonToncoin
ftnFasttoken
ltcLitecoin
busdBinance USD
ethEthereum
bchBitcoin Cash
zecZcash
dogeDogecoin
bnbBinance Coin
usdtTether
trxTron
usdcUSD Coin
xrpRipple
usddUSDD
eosEOS
adaCardano
shibShiba Inu
dashDash
hftHashflow
dydxdYdX
linkChainlink
aaveAave
crvCurve DAO Token
achAlchemymaticPolygon
daiDai
nearNEAR Protocol
atomCosmos
twtTrust Wallet
dotPolkadot
avaxAvalanche
flowFlow
ksmKusama
solSolanaWhat is Polygon?
It's a multifunctional platform for working with Ethereum. The main tool is Polygon SDK — a convenient framework that helps build applications. Using it, you can create different types and complexity of blockchains, such as standalone or convolutional chains.
The main point is to turn Ethereum into a multi-link chain without losing the framework features. The Layer-2 solution is supported by big whales like Binance and Coinbase. The platform addresses the scalability of currencies and aims to popularise and embed cryptocurrencies in project technology.
History Facts About Polygon
The platform was first launched in 2017 by two experienced crypto-engineers and one businessman. Polygon was an important part of the Ethereum ecosystem until 2019. The team worked to improve the user experience by introducing WalletConnect, Plasma MVP, and Dagger alerts.
Jainty Kanani plays a significant role in the project. He has been involved in development since its foundation and is currently the CEO.
The team initially worked on the MATIC coin and the Plasma Chains layer-2 scaling solution. Their main MATIC network launched in 2020 and quickly gained popularity by giving the market what it was looking for — scalability. Later, however, they rebranded to Polygon.
Features of Polygon
An essential feature of the platform is transaction speed. It can process over 60,000 transfers per second. The technology itself allows the creation of decentralized solutions with a common blockchain. The Plasma Framework allows having an unlimited number of blocks in a decentralized blockchain. It is not hard to guess that the main settlement currency is Ethereum.
Protection
Based on the project features, the main protection system is stacking. Users send tokens for staking and receive a percentage. Tokens can be delegated to other validators without losing interest. The blockchain uses Layer 1 links to increase decentralization (although the platform belongs to Layer-2).
Where to buy Polygon?
You can buy Polygon from any of the popular exchanges. It is a notorious resource that promotes Ethereum, and it is listed on all major exchanges:
- Binance;
- Hotbit;
- ZebPay;
- Coinbase Pro;
- BiONE;
- UniSwap;
- Huobi Global.
Where to store Polygon?
You can store Polygon in almost any crypto wallet. For personal storage, as well as for business purposes, it is better to use Passimpay. It's easy to use, offers outstanding features, and is anonymous, so it's accessible to everyone. More than that, on PassimPay you can convert Matic into 45+ coins and withdraw them with low fees.
Forecast
Even though the platform currently operates only with Ethereum, the developers have announced plans to expand the work with other cryptocurrencies. Which ones will be chosen by the community? This will make it even more popular, and SDK will be available for any purpose.
Tokens are issued regularly, but the maximum limit is 10,000,000. It is a good investment target, as it has a strong base and a solid foundation that will not allow investors to lose their investment. The developers are constantly working to improve their position in the rankings.
Polygon is well worth its place in the top 20 currencies in terms of capitalization.