What is polygon (Matic network)?

Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture.

What is polygonscan and how does it work?

PolygonScan allows you to explore and search the Polygon blockchain for transactions, addresses, tokens, prices and other activities taking place on Polygon (MATIC)

What is polygon (polygon)?

Polygon is a crypto project developed as an effective solution to the challenges faced by Ethereum. Polygon resolves Ethereum’s poor user experience, low transaction throughput, and high fees. Ethereum is one of the most popular hubs for developing prominent Decentralized finance (DeFi) projects.

What is Matic token (Matic)?

MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.