What is MATIC?

_{What is Polygon (MATIC)?}

Polygon, formerly called Matic Network, acts as a layer-2 scaling solution for Ethereum.
Which improves infrastructure and scalability. The platform is backed by Binance and Coinbase.
Its main component is the Polygon SDK, a versatile framework.
That enables the creation of a wide range of blockchain applications and architectures, including the Optimistic Rollup Network and ZK.

Polygon effectively expands Ethereum into a multi-chain system
Similar to other platforms such as Polkadot, Cosmos and Avalanche
But there are additional security and ecosystem advantages of Ethereum.
The platform uses a combination of a plasma framework and a proof-of-stake architecture.
To present up to 65,000 transactions per second on a single-sided chain and a block confirmation time of less than two seconds

The MATIC token, an ERC-20 asset, plays an important role in securing the system and enabling governance.
It is used for transaction fees and serves as a payment currency within the polygon network.
With a focus on expanding and diversifying its developer ecosystem, Polygon aims to be a robust solution.
For decentralized applications, more than 50 dApps are currently hosted on PoS secure sidechains.

_{Blockchain nativo:}

MATIC is a token of the Polygon platform (the initial name is Matic Network).
Polygon is a Layer 2 blockchain built to help with scaling and framework.
On the Ethereum blockchain and other blockchains that work with Ethereum.

_{Protokola Konsensus:}

Polygon uses a mixed consensus system between PoS and Plasma Framework
This combination enables the network to have a level of security in the manner of the Ethereum mainnet.
Along with being able to confirm transactions more quickly through working on different sidechains.

_{Trilemma (Security, Speed, Scalability):}

Seguridad: MATIC uses the Ethereum network for checkpoint (s) data validation
Ensures safety at a standard level

snelheid: Proof-of-Stake systems that work across different sidechains have fast block creation times and make transactions faster.

Scalabilità: As a result of the implementation of various helpers on Layer 2 blockchains and sidechains, Polygon can solve the problem of scalability.
generated on Ethereum at a more efficient level and capable of more transactions per second than ETH.

_{Founder/Date Founded:}

Matic Network (formerly the name) was founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun in 2017.

_{Objective/Use Case:}

Polygon's main goal is to get past the scaling issues that are happening on Ethereum.
As a tool, developers can use it to build high-performance DApp (s) in the future.
And for its part, the MATIC token is used to pay for transactions and participate in its own Proof-of-Stake.

_{Total supply/Limit or Unlimited:}

MATIC TOKENS HAVE A TOTAL OF 1 THOUSAND MILLION TOKENS (10,000,000,000)

_{Supply Deflation:}

Polygon does not have a process to burn coins or regulate the amount of coins systematically.
But with a fixed volume limit, with usage in transaction fees and staking, it helps in the matter of adjusting the value of the token.

This article aims to provide beginners with a basic understanding of MATIC and its role within the Polygon ecosystem.
The structure of digital assets is changing rapidly, and it is always important to keep up with new developments.

_Source:‍

Polygon whitepaper
Polygon Blog
Polygon.technologie
coinmarketcap/polygon

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