Concept: August 1, 2021. What is Polygon and its Token MATIC?

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Polygon is a protocol and a framework for constructing and interconnecting Ethereum-compatible blockchains. It aims to generate a multi-chain network of Ethereum-compatible blockchains.

Ethereum has some problems that Polygon tries to solve. Ethereum has high gas fees and low transactions per second. Due to Polygon's sidechain, these problems re resolved. As I said above, Polygon is designed to be an entire platform for launching interoperable blockchains.

The MATIC token is the governance token of the Polygon network. It is utilized for multiple purposes in the Polygon ecosystem, including participating in network governance by voting on Polygon Improvement Proposals (PIPs), contributing to security through staking, as well as paying gas fees.

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.

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4 comments
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In your opinion, when ETH 2.0 arrives will projects like Polygon continue to exist or could they disappear?

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I always think that there will be alternatives to the big one. Just like there is Netflix and Hulu

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