Polygon Price - MATIC Price in USD with Live Chart

Key Feature of MATIC:

Security:  Metrics chain operators perform as stakes in the POS system.

Scalability: Secure, fast transactions and low cost come in Ethereum's first compatible layer 1.

High Throughput: Multiple chains are also in the queue to be added and there are a total of 7000 plus TPS on a single sidechain on an internal test net. 

User Experience:  Smooth and user-friendly UX experience, including the native mobile app, wallet connection, and SDK support.

Sidechains of the public: Matic side chains are permissionless, natural, and capable of supporting various protocols.

KEY POINTS:

• Polygon(MATIC)(Previously Matic Network) provides easy-to-use and well-structured infrastructure development and scaling of Ethereum. It supports building multiple types of applications with the help of its core component called polygon SDK, flexible network, and modular.
• With the help of developers, we can create ZK & optimistic rollup chains, stand-alone chains, and any other kind of infrastructure using a polygon.
• Polygon generally helps to transform Ethereum into a full-fledged system.
• $MATIC token will play a vital role, secure the system, and enable governance.

 

Founders of Polygon? (History of Polygon)

Polygon(Matic) is an open-source project including a global team of developers and decentralized development from the successful MATIC network. The Matic network brings massive scale to Ethereum by using an adaption version of plasma with a POS-based chain. Matic is working on a partnership with projects like MakerDAO (MKR) and Decentraland(MANA) with the industrial leaders Binance & Coinbase with great techniques, vision, and team.

 

A young man and well-educated, Jayanti Kanani is a founder of the Matic network with creative technology architecture and future project plans. 

Sandip Nailwal is a young co-founder and COO(Chief Operating Officer) of Matic Network. He was a former management consultant at Deloitte and CEO of Scopeweaver.com. Scopeweaver.com is India's famous and most significant professional marketplace for professional services.

Anurag Arjun, a CPO (Chief Product Officer) and co-founder who focuses and coordinates the Matic roadmap. He has remarkable experience in XBRL solutions and iris business services.

 

How Does Polygon Work?

Polygon is now a well-emerging crypto network in the crypto world and helping to solve numerous issues which are still on the Ethereum network. It's offering preconfigured blockchain deployment and prefacing and inoperable protocol to communicate over Ethereum(ETH) and other blockchain networks. The main chain of a polygon has a Proof Of Stack security layer, which applies to all polygon identity blockchains.

 

Here, the polygon has four important layers, and each has its specific existence.

• The Ethereum layer
• The Security Layer
• The Mandatory Polygon Networks Layer
• The Mandatory Execution Layer 

 

The Ethereum Layer: polygon chains are working on a secure and safe network. Finality, Staking, Checkpoints, and Interoperable messaging are used to execute the smart contract.

The Security Layer:  The voluntary layer that provides validators as a service that can help and check the appearances of different polygon chains.

The Mandatory polygon Network Layer: this is the zodiac of the sovereign network, which presents its own individual network. It's responsible for transaction collections and block production.

The mandatory Execution Layer: Well-established transactions added in polygon's network chains. There are two sub-layers called Ethereum smart contracts and virtual machine implementation Environments. 

 

How Many Are Polygon (MATIC) Coins There In Circulation?

Currently, Polygon(Matic) ranking between #41 to #44 depends on the market cap and token supply. The current supply of Matic is around 6.04 Billion (6,039,074,976.32 MATIC) out of the total supply of 10.00 billion (10,000,000,000.00 MATIC). The current 24H trading volume of Matic is $ 442.42 million. The overall market cap is approximately $ 4.66 billion, and the Fully diluted market cap is $ 7.72 billion. The all-time high value is $ 0.8787, which has currently reached the date of 4/30/2021

 

How to buy polygon online – a step-by-step guide

To buy Polygon(MATIC), you need to find a cryptocurrency exchange. Matic is now available on every top exchange, but you can not directly buy it with fiat currency. To buy Matic, you need another stable cryptocurrency such as USDT, BUSD, and many more. Here we are listing down some top exchanges where you can buy tokens.

• Binance
• Coinbase
• Huobi
• WazirX
• CEX.IO

 

Step 1: Find the top exchanges around your choice. After that, you can choose the given top exchanges, and complete your signup, KYC, and security process.

Step 2: once you complete your process, your account will be ready, and you can start to deposit your fiat currency in the exchange's wallet.

Step 3:  Now, to buy Matic, you need to convert your fiat currency into stable coins like USDT, BUSD, and many more on the exchange. That means you have to find a pair like MATIC/USDT, MATIC/BUSD, MATIC/BTC, MATIC/ETH, and then you can convert fiat into the above-given pair to buy MATIC.

If you are an inverter and plan to hold MATIC for a long time, you can store it in a hard or soft wallet for better security.