{"id":277,"date":"2023-06-14T21:57:39","date_gmt":"2023-06-14T18:57:39","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=277"},"modified":"2024-04-29T09:06:29","modified_gmt":"2024-04-29T09:06:29","slug":"whats-polygon-matic","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/whats-polygon-matic\/","title":{"rendered":"What\u2019s Polygon\u00a0(MATIC)?\u00a0"},"content":{"rendered":"\r\n\r\n\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/whats-polygon-matic\/#Whats_Polygon_MATIC\" title=\"What\u2019s Polygon (MATIC)?\u00a0\">What\u2019s Polygon (MATIC)?\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/whats-polygon-matic\/#Scaling_technologies_provided_by_Polygon\" title=\"Scaling technologies provided by Polygon\">Scaling technologies provided by Polygon<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Whats_Polygon_MATIC\"><\/span><strong>What\u2019s Polygon (MATIC)?\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n\r\n\r\n<p data-padding=\"15px\"><strong>Polygon<\/strong> (MATIC) is a platform for building and scaling <strong>Ethereum-compatible<\/strong> blockchains. It was founded in 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. The platform\u2019s native token is <strong>$MATIC<\/strong>. In February 2021, Polygon was rebranded from <strong>Matic Network<\/strong>.<\/p>\r\n\r\n\r\n\r\n<p data-padding=\"15px\">Polygon is a <strong>subsidiary blockchain<\/strong> that operates independently of the Ethereum network. It has its own nodes and block producers. Polygon is an easy-to-use Ethereum-based platform. The platform benefits from Ethereum\u2019s positive developments because it uses Ethereum\u2019s infrastructure. It also maintains reliable operation thanks to the Ethereum infrastructure.<\/p>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/06\/poly-feat.jpg\" alt=\"What\u2019s Polygon (MATIC)? \" width=\"1072\" height=\"564\" \/><\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"Scaling_technologies_provided_by_Polygon\"><\/span><strong>Scaling technologies provided by Polygon<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p><strong>Polygon PoS<\/strong> is a technology that uses sidechains to process transactions, achieving exceptional transaction speeds and cost reductions. It also maintains asset security using powerful Plasma bridging technology and a decentralized Proof-of-Stake (PoS) validator network. Polygon PoS is currently active.<\/p>\r\n\r\n\r\n\r\n<p><strong>Hermez zk-rollup <\/strong>is a Layer 2 scaling solution built on Ethereum that solves scalability by batching transfers into a single transaction. It uses <strong>zero-knowledge<\/strong> proofs (ZKPs) to verify the validity of these transactions on the Ethereum blockchain. This allows Hermez to achieve high throughput and low fees while maintaining the Ethereum network&#8217;s security. Hermez is currently under development.<\/p>\r\n\r\n\r\n\r\n<p><strong>Polygon Edge <\/strong>is a modular framework that allows you to create your own private or public blockchain network, with fully configurable features. It is Ethereum-compatible and adheres to modular architecture principles.<\/p>\r\n\r\n\r\n\r\n<p><strong>Who are the founders of Polygon?<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Polygon is managed by a passionate team committed to a decentralized future. The team is led by co-founders <a href=\"https:\/\/www.linkedin.com\/in\/jdkanani\/?originalSubdomain=in\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Jaynti Kanani<\/strong><\/a>, <a href=\"https:\/\/www.linkedin.com\/in\/sandeep-nailwal-60709a33\/?originalSubdomain=ae\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Sandeep Nailwal<\/strong><\/a>, <a href=\"https:\/\/www.linkedin.com\/in\/anuragarjun\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Anurag Arjun<\/strong><\/a>, and <a href=\"https:\/\/www.linkedin.com\/in\/mihailo-bjelic-33aaa764\/?originalSubdomain=rs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Mihailo Bjelic<\/strong><\/a>.<\/p>\r\n\r\n\r\n\r\n<p><br \/><strong>Tokenomics of Polygon\u00a0<\/strong><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>Ecosystem %23.3<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>Foundation %21.9<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>Binance Launchpad %19<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>Team %16<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>Staking Rewards %12\u00a0<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>Advisors %4<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>Private Sale %3.8<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>Max Supply 10,000,000,000<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>Total Supply 10,000,000,000<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>MarketCap $5,972,007,978<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>Total Circulating Supply 9,289,469,069 $MATIC<br \/><br \/><\/strong><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/06\/polygon-matic-review.png.jpg\" alt=\"What\u2019s Polygon (MATIC)? \" width=\"864\" height=\"550\" \/><\/li>\r\n<\/ul>\r\n<p><strong>Where Can I Buy Polygon?\u00a0<\/strong><\/p>\r\n\r\n\r\n\r\n<p><strong>Polygon<\/strong> is listed on <strong>Binance<\/strong>, the world\u2019s most trusted and largest cryptocurrency exchange. You can buy <strong>Polygon<\/strong> on <a href=\"https:\/\/accounts.binance.com\/en\/register?ref=B4DLQJE0\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Binance<\/strong><\/a> by signing up with our 20% lifetime commission discount link.<\/p>\r\n\r\n\r\n\r\n<p>You can learn all the news, announcements, and analyses about Polygon by following our <strong><a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram<\/a> <\/strong>and<strong> <a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a> <\/strong>channels.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>What\u2019s Polygon (MATIC)?\u00a0 Polygon (MATIC) is a platform for building and scaling Ethereum-compatible blockchains. It was founded in 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. The platform\u2019s native token is $MATIC. In February 2021, Polygon was rebranded from Matic Network. Polygon is a subsidiary blockchain that operates independently of the Ethereum network. It<\/p>\n","protected":false},"author":1,"featured_media":314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[81,84,85,82,83],"class_list":["post-277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-matic","tag-polygon","tag-web3","tag-whats-matic","tag-whats-polygon"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What\u2019s Polygon\u00a0(MATIC)?\u00a0 - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Polygon (MATIC) is a platform for building and scaling Ethereum-compatible blockchains. 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