Hey Guys Will Matic win the race to be the ETH 2.0 solution?

What is POLYGON (MATIC)?

• The Matic/Matic Network is rebrand to Polygon in 2021 Feb 9.
• Before that Jayanti Kanani, Sandeep Nailwal, and Anurag Arjun co-founded the Matic Network in 2017.
• The first goal of Matic was to solve Ethereum’s scaling problems.
• The team works on 2 main solutions.
  • Plasma Chains.
  • PoS Chain.
• Matic Token was launch on Binance in April 2019.
• Matic Network’s Main NET went Live in 2020.
• When the Ethereum Gas fees Increase Matic Got the Attention of many Crypto enthusiasts.
• Because of this, the Matic team expand the project and rebranded it as Polygon.
• Polygon target’s at creating a more generalized scaling solution.

How Does it work?

• When comes to scaling there are 2 main ways to do it.

  • Layer 2 scaling.

    • It relies on the security of the main layer of the Ethereum blockchain.
    • Plasma, Optimistic roll-ups, ZK-Rollups are the most popular options.

  • Sidechains.

    • They rely on their own security models.
    • Usually, by having a separate consensus mechanism.
    • Matic PoS chain is an example of it.

• Instead of providing 1 or 2, scaling solutions polygon aims at creating an ecosystem that creates it easy to attach multiple different scaling solutions.
• Everything from Sidechains to layer 2 options.
• Matic scaling solutions the PoS and the plasma chains are the scaling options available in the polygon ecosystem.

Why Polygon?

• It provides a framework that makes it easy for new projects to quickly build their own highly customizable scaling solutions.

What is the Technology Behind Polygon?

• Polygon Supports 2 types of Ethereum compatible blockchain networks

  • Stand-alone Networks.

    • Rely on their own security.
    • They can have their unique models such as proof of stake.
    • This kind of network is a fully self-governing token.
    • Which provides the highest level of independence and flexibility.
    • This makes it difficult for them to establish a reliable security model.
    • It’s usually suitable for enterprise blockchains and already established projects with strong communities.

  • Secured Chains.

    • Secured chains utilize security as a service model.
    • This can be provided directly by Ethereum.
    • These validators are run in the polygon ecosystem and can be shared by multiple projects.
    • Similar concept to Polkadot’s shared security model.
    • This offers the highest level of security but sacrifices independence and flexibility.
    • This model is usually, preferred by start-ups and security focus projects.

What is MATIC Plasma chain?

• It is an Ethereum Layer 2  plasma implementation.
• Plasma, in essence, maybe a framework for building scalable decentralized applications
• Plasma allows for offloading transactions from most chains into child chains which enables fast and cheap transactions.
• The problem is the long waiting period for users who want to withdraw their funds from layer 2.
• Plasma can’t be wont to scale general-purpose smart contracts.

What is the MATIC PoS chain?

• It is a permissionless sidechain and runs parallel to the Ethereum chain.
• The Chain is Secured by the Proof of stake mechanism with its own validators.
• But Matic PoS chain has its Own Consensus mechanism, it also relies on Ethereum security.
• When it involves validator staking and checkpoints.
• Matic PoS chain is EVM(Etherum Virtual Machine) compatible which allows Ethereum based projects to effortlessly migrate their smart contracts.

What are Polygon’s Partnerships?

• Quick swap.
• Uni swap.
• Sushi swap.
• Aavegotchi.
• Polymarket.
• Polkamarket.
• Super Fram.
• Graph.
• Chainlink.
• Atari-Video gaming.

Who are Polygon’s competitors?

1. Polkadot(DOT).
2. Cosmos(ATOM).
3. Avalanche(AVAX).

• They are also projects that focus on interoperability between different blockchains.
• But Polygon’s main focus is the Ethereum chain and then connect everything.

What is the token of Polygon?

• Matic is the governance token of Polygon.

Is MATIC token stackable?

• The simple answer is YES!.
• But it only supports Metamask wallet now.
• You need Ethereum to pay for the fees as a transaction cost.
• The minimum amount of Matic required is 1 Matic.

What are the Advantages of Polygon?

• Polygon has a strong community of users and developers.
• A well-known programming language solidity.
• EVM is the most popular virtual machine in the crypto space.
• Ethereum is a reliable base chain that handles billions of dollars in economic activity.

Where can I buy This coin?

1. Binance – MATIC/USDT, MATIC/BNB
2. Huobi Global – MATIC/USDT
3. Crypto.com –MATIC/USDT