What is Polygon coin ? Highlights and how to own and trade

What is Polygon coin ? Highlights and how to own and trade

Over the years, the crypto market has received the emergence of many different virtual currencies and Polygon coin is one of them. However, not everyone understands this virtual currency. And if you are too, you can refer to our article to know how Polygon coin is a virtual currency.

Learn about Polygon coin

What is Polygon coin?

Polygon is known as a blockchain and was formerly known as the Matic Network. The developers are determined to build this blockchain to solve the problems related to scalability but still make sure not to cause decentralization effects. This can help make the most of the existing developer ecosystem. By solving the problem of scalability combined with improving the user experience, dApps (decentralized applications) have also been built right on this platform.

Artwork: “What is Polygon?”

The essence of Polygon token is a Layer 2 scaling solution. This token will calculate off-chain thanks to side chains, while still ensuring the security of assets thanks to PoS – a decentralized authentication network and Plasma frame. This helps Matic Network to ensure users both confidentiality and information and property safety. On the other hand, there are also many people who expect that the platform can achieve the speed of processing digital assets almost immediately.

In September 2018, Polygon first launched the testnet and the latest pre-mainnet version of this network has been completed so far. Matic expects that in the future, it will continue to launch a Plasma wallet, supporting its own WalletConnect.

Highlights of Polygon coin

According to many investors Polygon coin review This cryptocurrency has many highlights such as:

Pos Chain:

• The self-created and put into use PoS Chain has helped increase the security and safety of information and transactions to the maximum. Give participants absolute peace of mind

Plasma Chain:

• More scaling through asset migration between 2 Ethereum root chains and Polygon subchains

ZK rollups:

• Thanks to this solution, a large number of subchain tasks can be bundled into a single transaction.

Optimistic rollups:

• This is a solution that can make transactions processed instantly using “fraud proofs”

Ability of extension:

• Support for secure Matic sidechain transactions and reduced costs

High bandwidth:

• During testing on internal testnet throughput can reach 10,000 TPS/sidechain

User experience:

• Supports both WalletConnect and Smooth UX

Public Sidechain:

The nature of Sidechain Matic is public, so there is no need to ask for permission and can also support many protocols.

Polygon coin has many advantages

Details Polygon coin

Name, supply, contract

Polygon coin denoted as MATIC. The amount of Polygon coin is specifically allocated as follows:

Ecosystem: 23.33%Foundation Fund: 21.86%Token sale: 19% Team: 16% Staking reward: 12% Advisors: 4%Seed sale: 2.09% Early stage project support members: 1.71 %

Basic information:

Token Name: PolygonTicker: MATICBlockchain: Ethereum, PolygonToken Standard: ERC-20Contract: 0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0Token Type: UtilityTotal Supply: 10,000,000,000 MATICCirculating Supply: 7.08B MATIC

Current rate

Rate of Polygon coin Each time is different because it can fluctuate up or down based on market fluctuations. If you want to consult the exchange rate of this cryptocurrency, you can visit Coinmarketcap. Below are the rates at the time of writing of Polygon:

Current rate of Polygon coin

How to own and trade Polygon coin

For Polygon coin you cannot dig like BTC or ETH, etc. If you want to own this virtual currency you need to buy it. Currently, there are many cryptocurrency exchanges listed Polygon. If you have a need to buy, you can refer to exchanges such as: Binance, Balancer, Coinbase Pro, OKEx, FTX, Huobi Global, Uniswap, …

Roadmap and team of developers

Roadmap of Polygon coin

Roadmap information is released by the publisher Polygon coin Share the following:

Quarter 2/2019:

Polygon Mainnet Release Alpha Plasma – cross-swap on testnet between ERC20-ERC20, RC721-ERC20 and ERC721-ERC72 Allowed to use Matic Plasma in Alpha to make deposit or withdrawal of assets on Ethereum Introducing PoS (Proof) of Stake) Implement program for dApps developers Officially launch Polygon wallet – WalletConnect for dApps

Quarter 3/2019:

Polygon Plasma Mainnet Beta Release – testnet cross-swap between ERC20-ERC20, ERC721-ERC20 and ERC721-ERC72 Plasma Watcher node deployment Smart contract protocol general support

Q4/2019 and Q1/2020:

Polygon Mainnet Release Officially Launched NFT Marketplace (Plasma) Platform on Ethereum Proof of Concept Smart Contract Support No need for ETH to still be able to perform asset transfers from Ethereum to Polygon

Below is the release schedule of Polygon coin in the near future for your reference:

MATIC token unlock schedule in the future

Team developer / backer (if) of Polygon coin

Polygon coin development team:

Jaynti Kanani (Co-Founder): Before joining the Polygon project he was a data scientist at Housing.com, also a blockchain engineer, developer for Plasma, Web3, WalletConnect Sandeep Nailwal ( Co-Founder): He was a programmer and CEO for Scopeweaver. Besides, he is also the CTO of Welspun Group Anurag Arjun (Co-Founder): He was involved in product management – ​​AVP, IRIS business and also worked for a long time at Dexter Consultancy, SNL Financial and Cognizant Technologies Mihailo Bjelic (Co-Founder): He is the technology developer of Ethereum

Polygon token development team

Polygon coin advisors:

Hudson Jameson (of Ethereum Foundation) Ryan Sean AdamsAnthony Sassano (of EthHub)John Lilic (formerly a member at ConsenSys)Pete Kim (co-founder and CTO of Nitrous, Inc., head of engineering, wallets at Coinbase, Also Founder of Cipher Browser)

Investors of Polygon coin:

Coinbase VenturesBinance Labs (later listed as MATIC by Binance)Block CapitalValidation CapitalZBS CapitalMiH Ventures

There is also the investment participation of many other large and famous investors.

Partners of Polygon coin:

Currently, Polygon token is a partner of more than 100 projects of different sizes, including: Chainlink, Elrond, The Graph, etc. And in the future, it is likely that new projects like EasyFi or Quickswap. Also looking forward to cooperate with this blockchain.

Closing and Disclaimer

So we have shared with you detailed information about Polygon coin. With this information, you should have a better understanding of the Polygon virtual currency as well as how to own and trade them.

Disclaimer: We do not recommend or give investment advice. The above information we share is for informational purposes only!

Currently, the Vietnamese state does not provide legal support for any electronic currency, you still have the right to mine and use it, however, when there is a dispute or conflict, the state has no obligation to assist in resolving these issues. this problem.