LayerZero Ecosystem

Polygon Ecosystem

Binance

Polygon (MATIC) is an interoperability layer-2 scaling solution for building Ethereum-compatible blockchains. In essence, the Polygon network acts as an add-on layer to Ethereum that does not change the original layer. It is a multi-level platform from which interoperable blockchains can be launched. It seeks to improve the scalability of Ethereum via a plethora of sidechains, and at the same time reduce gas fees associated with the original blockchain.&nbsp;&nbsp;The MATIC token is used for blockchain governance, staking, and gas fees via a Proof-of-Stake consensus mechanism.<h3>What are MATIC key features and how does it work?</h3>As mentioned, Polygon uses a PoS mechanism to secure the network. Validators on the network stake their MATIC tokens as collateral in order to become part of the PoS consensus mechanism. Validators receive MATIC tokens in return.Polygon deploys what is known as PoS ‘checkpointing’ to improve transaction speed. PoS ‘checkpointing’ essentially means that consensus is ensured by a selected team of block producers. Block producers are appointed to a predetermined checkpoint by stakers and allow the system to form blocks at a rapid pace. At the same time, decentralization is maintained by delegating PoS checkpoints to the main chain which is initially, Ethereum.&nbsp;Polygon’s architecture is also fundamental to its operations. The Polygon software development kit (SDK) is used by developers to build Ethereum-compatible decentralized applications as sidechains and connect them to the main blockchain.The first is the Polygon networks layer, which is the ecosystem of blockchain networks built on Polygon, it adds the Proof-of-Stake layer to the network. Each of the blockchains built on Polygon has its own community and is responsible for handling its consensus and block production.The second is the Execution layer, which is Polygon's Ethereum Virtual Machine (EVM) implementation used for executing smart contracts.Chains launched on Polygon can communicate both with one another and with the Ethereum main chain thanks to Polygon's arbitrary message passing capabilities. Sidechains can be built using one of the following scalability methods:Plasma Chains: These work by grouping transactions into blocks, which are then sent in a submission on the Ethereum blockchain via Plasma bridges;zk-Rollups: These allow multiple off-chain transfers to be grouped into one transaction;Optimistic Rollups: These work in the same way as Plasma Chains, but are also capable of scaling Ethereum smart contracts and facilitating near-instant transactions.The MATIC token functions as Polygon’s utility token. It is used for network participation via governance by voting on Polygon Improvement Proposals, contributing to security with staking, and paying gas fees. Matic tokens are released into the market every month, with the maximum supply capped at 10,000,000,000.<h3>What can Polygon be used for?</h3>Using Polygon’s framework, developers can create preset blockchain networks with characteristics tailored to their specific needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality.&nbsp;Polygon is also compatible with the Ethereum Virtual Machine, therefore developers with knowledge of Ethereum’s Solidity will have less of a learning curve to create decentralized applications.At present, the platform has been used to launch projects in DeFi and gaming, as well as for lending platforms and transferring payments.In general, the “thing” about Polygon is that it is an Ethereum clone for people who are willing to sacrifice security for cheap transactions.<h3>Where can you buy MATIC?</h3>Polygon is available on the CEXs and DEXs as listed <a href="https://cryptorank.io/price/matic-network/exchanges" rel="noopener noreferrer" target="_blank">here.</a>

Whitepaper

Mint Free HyperLane NFT

Ecosystem

Foundation

Main Sale

Team

Advisors

 Seed

Early Supporters

Polygon (MATIC) is an interoperability layer-2 scaling solution for building Ethereum-compatible blockchains. In essence, the Polygon network acts as an add-on layer to Ethereum that does not change the original layer. It is a multi-level platform from which interoperable blockchains can be launched. It seeks to improve the scalability of Ethereum via a plethora of sidechains, and at the same time reduce gas fees associated with the original blockchain.&nbsp;&nbsp;The MATIC token is used for blockchain governance, staking, and gas fees via a Proof-of-Stake consensus mechanism.<h3>What are MATIC key features and how does it work?</h3>As mentioned, Polygon uses a PoS mechanism to secure the network. Validators on the network stake their MATIC tokens as collateral in order to become part of the PoS consensus mechanism. Validators receive MATIC tokens in return.Polygon deploys what is known as PoS ‘checkpointing’ to improve transaction speed. PoS ‘checkpointing’ essentially means that consensus is ensured by a selected team of block producers. Block producers are appointed to a predetermined checkpoint by stakers and allow the system to form blocks at a rapid pace. At the same time, decentralization is maintained by delegating PoS checkpoints to the main chain which is initially, Ethereum.&nbsp;Polygon’s architecture is also fundamental to its operations. The Polygon software development kit (SDK) is used by developers to build Ethereum-compatible decentralized applications as sidechains and connect them to the main blockchain.The first is the Polygon networks layer, which is the ecosystem of blockchain networks built on Polygon, it adds the Proof-of-Stake layer to the network. Each of the blockchains built on Polygon has its own community and is responsible for handling its consensus and block production.The second is the Execution layer, which is Polygon's Ethereum Virtual Machine (EVM) implementation used for executing smart contracts.Chains launched on Polygon can communicate both with one another and with the Ethereum main chain thanks to Polygon's arbitrary message passing capabilities. Sidechains can be built using one of the following scalability methods:Plasma Chains: These work by grouping transactions into blocks, which are then sent in a submission on the Ethereum blockchain via Plasma bridges;zk-Rollups: These allow multiple off-chain transfers to be grouped into one transaction;Optimistic Rollups: These work in the same way as Plasma Chains, but are also capable of scaling Ethereum smart contracts and facilitating near-instant transactions.The MATIC token functions as Polygon’s utility token. It is used for network participation via governance by voting on Polygon Improvement Proposals, contributing to security with staking, and paying gas fees. Matic tokens are released into the market every month, with the maximum supply capped at 10,000,000,000.<h3>&nbsp;What can Polygon be used for?</h3>Using Polygon’s framework, developers can create preset blockchain networks with characteristics tailored to their specific needs. These can be further customized with a growing range of modules, which allow developers to create sovereign blockchains with more specific functionality.&nbsp;Polygon is also compatible with the Ethereum Virtual Machine, therefore developers with knowledge of Ethereum’s Solidity will have less of a learning curve to create decentralized applications.At present, the platform has been used to launch projects in DeFi and gaming, as well as for lending platforms and transferring payments.In general, the “thing” about Polygon is that it is an Ethereum clone for people who are willing to sacrifice security for cheap transactions.<h3>Where can you buy MATIC?</h3>Polygon is available on the CEXs and DEXs as listed <a href="https://cryptorank.io/price/matic-network/exchanges" rel="noopener noreferrer" target="_blank" style="color: rgb(63, 81, 181);">here.</a>

Polygon

Polygon is an EVM-compatible, proof-of-stake sidechain for Ethereum.

CryptoRank Premium

Add New {name} Alert

Price Range

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

You are about to leave CryptoRank

External link warning

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Advanced Tools and Ad-Free Experience for In-Depth Analysis

Enjoy advanced analytics, ad-free experience, and exclusive insights on CryptoRank

Payment Successful!

Your subscription is now active!

Add promocode

Select plan

Total Due:

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Explore the most complete  team of %coinname%, get data about their activities and contact details on CryptoRank.io

PolygonMATIC

Polygon Team

Current team

Former team