27 C
Mumbai
Sunday, September 26, 2021

What is Polygon MATIC crypto?| Detail overview.

You have a lot of questions about polygon MATIC crypto or MATIC crypto. Here I have a with all details about it and I will gonna tell you about it.

What is Polygon MATIC crypto or Matic Crypto?

Polygon MATIC crypto is an Ethereum token that powers the Polygon Network, a multichain scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain.

Users can deposit Ethereum tokens to a Polygon bridge smart contract, interact with them within Polygon sidechain, and then later withdraw them back to the Ethereum main chain, if need be. The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.

Official Website of Polygon MATIC crypto : Click Here.

Founder of Polygon MATIC crypto.

Polygon Crypto was lunched under the name Matic Network, back in 2017. It was founded by 3 Indians Sandeep Nailwal, Anurag Arjun and Jaynti Kanani.

Stats of Polygon MATIC crypto.

Current Polygon MATIC crypto price:

Currentof Polygon Cryptois $1.36(it may be different as per market value).

Market cap of Polygon MATIC crypto:

Currentmarket cap of MATIC is $13 Billion.

Maximum supply of Polygon MATIC crypto:

Polygon can achieve up to 65,536 transaction per block. But the maximum supply can be of 10 Billion of Polygon MATIC.

Where to buy Polygon MATIC crypto? (Trade)

You can buy Polygon Crypto from the following applications.

  1. Binance
  2. Coin kong
  3. Coin switch Kuber
  4. WazirX
  5. Plus 500
  6. Gemini
  7. Coinbase

Disadvantages of Polygon MATIC crypto.

Here is the challenges and cons/disadvantages of Polygon MATIC crypto.

  1. Low Throughput.
  2. Poor UX (gas, delayed PoW finality).
  3. No sovereignty (shared throughput/clogging risk, tech stack not customizable, governance dependence).

Should I invest in Polygon MATIC crypto?

Yes, you should definitely invite in Polygon MATIC. Because of its starting stage and rising the popularity amongst world, you should definitely invest into it. MATIC is a Made-in-India Crypto and now a days in India Cryptocurrency are one of the most growing sectors amongst youth and investors. So, invest it by taking some risk and have a long-term plan for it.

Current market situation of Polygon MATIC crypto.

Currently crypto market is down and same market of Polygon MATIC is also going down. It’s about $1.36 as per 22nd of May 2021. It has downfall of approximately 24% in past 24 hours. But once Crypto Market will grow high, price of MATIC will also grow high.

Latest article

Must Read