logo

Random word : trader

article background

Polygon (POL)

Introduction

Polygon (formerly Matic Network) is a Layer 2 / sidechain solution that enables users to access Ethereum applications (DApps) with reduced fees and near-zero latency.
In their research, the Matic Network team came across a publication by Ethereum co-founder Vitalik Buterin and Lightning Network co-founder Joseph Poon, detailing a new scalability solution: « Plasma ».
This solution is based on the duplication of a parent blockchain, which can be copied more quickly while maintaining security.
The Plasma solution will form the basis of the Matic blockchain.
Matic Network becomes Polygon in early 2021.
Much more than a name change, this redesign signals a shift from a single blockchain to an aggregator of scalability solutions for Ethereum.
Any developer can create a scalable blockchain here.
Polygon works by connecting Ethereum DApps to a network of interconnected sidechains.
Users can therefore interact with DApps on the Polygon network without having to wait for block confirmations on the main Ethereum network.
Polygon’s key feature is its ability to handle several million transactions per second.
This is made possible by the use of Plasma and other cutting-edge technologies such as Proof-of-Stake protocol optimization and Shard Chains.
Polygon enables users to access Ethereum applications at low cost and with near-zero latency.
What’s more, the network is capable of handling several million transactions per second.

Buy MATIC easily and safely with Coinhouse

The history of the Polygon team

Polygon, an Ethereum scaling solution, emerged from the crucible of blockchain innovation, driven by the ambition to solve the inherent scalability and usability issues facing the Ethereum network.
Developers recognized the urgency of creating a solution that would enable Ethereum to handle a greater volume of transactions while maintaining a good level of decentralization.
The story begins in 2017, when Ethereum was gaining increasingly widespread adoption as the preferred network for decentralized applications (DApps) and smart contracts.
However, a victim of its own success, the Ethereum blockchain was plagued by congestion and gas charges soaring to astronomical amounts.
This made many applications impractical and Ethereum less accessible to developers and users alike.

If you’re looking to diversify your crypto-currency investments, consider buying USDC for stable, secure transactions.

It was against this backdrop that a team of developers, including Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, Mihailo Bjelic and Anurag Arjun, began their journey to find a solution.
They envisioned a framework capable of providing a second-layer(Layer 2) scalability solution for Ethereum, preserving its security and decentralization while dramatically improving its scalability by increasing the number of transactions per second possible.
In 2017, the team initially launched an open source project known as Matic Network.
Its aim was to leverage the Plasma framework, an Ethereum scalability solution inspired by the Lightning Network for Bitcoin (you can buy Bitcoin with ease here).
The main aim of the project was to offload a significant proportion of Ethereum’s transactions onto its sidechain, offering near-instantaneous transaction confirmations.
Matic Network has rapidly gained ground within the blockchain ecosystem.
Its commitment to scalability and interoperability, combined with a robust set of developer tools, has attracted projects looking to expand their presence in the Ethereum ecosystem.
By the end of 2019, Matic Network had established itself as an important player in the blockchain space.
However, the team’s ambition went beyond simply providing scalability solutions.
They envisioned a multi-chain ecosystem capable of interconnecting various blockchains, enabling fluid communication between different networks.
This vision led to the rebranding of Matic Network as Polygon in February 2021.
The name ‘Polygon’ was chosen to reflect the project’s multi-dimensional approach to blockchain scalability.
It was not intended to be a stand-alone blockchain, but rather a framework that could integrate with and enhance existing blockchain networks, including Ethereum, Binance Smart Chain and others.
The launch of Polygon marked a significant milestone in the evolution of blockchain technology.
It offered developers a versatile platform with the ability to deploy and interact across multiple chains.
The Polygon Development Kit (SDK) provided a robust set of tools for building custom chains, while the Proof of Stake consensus mechanism ensured the network’s security and sustainability.
The ecosystem surrounding Polygon began to flourish.
DeFi projects, NFT marketplaces, gaming and a host of DApps flocked to take advantage of its scalability capabilities.
Low transaction costs and high network throughput made it an attractive choice for developers looking to create scalable, user-friendly applications.
Polygon had firmly established itself as a key player in blockchain, with a thriving community and a rapidly expanding ecosystem.
His journey from Matic Network to Polygon illustrates the power of innovation and the collaborative spirit of the blockchain community in tackling the pressing challenges facing the industry. As a leader in scalability solutions, Polygon continues to push the boundaries of blockchain technology, promoting interoperability and playing a central role in the wider adoption of decentralized applications and blockchain solutions on a global scale.

The team behind the project.
The team at the helm of Polygon (MATIC) is made up of eminent personalities and renowned experts in the fields of blockchain, IT security and cryptography.
Here’s a look at the key players who have helped make Polygon (MATIC) a reality: Jaynti Kanani, Sandeep Nailwal and Anurag Arjun are the founders of Polygon and the protagonists of a series of remarkable entrepreneurial successes accumulated over the past few years.
Jaynti Kanani was born in India, on the outskirts of Ahmedabad.
Jaynti came from a relatively poor background, as his father worked in the mines as a diamond miner.
Despite this, the whole family made sacrifices and went into debt to give Kanani the chance to study and succeed, which he did, as he is now a billionaire entrepreneur.
After completing his secondary education, he attended a prestigious Indian university, Dharmsinh Desai University, where he obtained a Bachelor’s degree in Computer Engineering in 2011.
Unfavorable economic conditions prompted Kanani, after graduation, to immediately devote himself to work as a programmer at Persistent System, during which time he discovered and became interested in blockchain technology and the potential of Bitcoin.
Some time later, he collaborated with startups in the crypto sector and also tried his hand at developing apps to facilitate money transfers around the world.
In 2017, he founded Matic alongside Sandeep Nailwal and Anurag Arjun.
Kanani met and worked with them on various projects, initially sharing the vision of what would become Polygon, and then, in early 2018, they began planning the whole ecosystem together.
Sandeep Nailwal is an Indian entrepreneur, billionaire and software developer, he was the founder of the famous India Crypto Covid Relief Fund, a fund set up in 2021 with the aim of helping the Indian population affected by COVID-19, where donations were made via a specially created multi-signature wallet on the Ethereum blockchain.
Nailwal graduated with an MBA in 2014 with a specialization in supply chain management from the prestigious National Institute of Engineering in Mumbai.
His professional career began as a programmer at Deloitte, one of the « Big4 » companies in the consulting sector.
Between 2015 and 2016, he was CTO and Supply Chain Manager for Welspun Group, an Indian multinational active in the steel, energy and textile sectors.
His entrepreneurial career began shortly afterwards, precisely in early 2016, with the founding of startup ScopeWeaver, which has become India’s largest professional services platform.
In 2017, he became interested in crypto-assets, and in the same year joined the founding team of Matic(Matic course), where he served as the project’s COO.
Anurag Arjun, also from India (Bengaluru) and also a billionaire thanks to Polygon, is one of the co-founders of this project.
He studied and graduated in computer engineering at the Nirma Institute of Technology. He started his career earlier than his peers, working at Cognizant in 2006, then as Product Manager at Dexter Consulting over the next five years.
His entrepreneurial career began with the creation of HealthTrac and HealthOne, two startups active in the healthcare sector.
The former provides services dedicated to monitoring parameters acquired through wearable devices, while the latter offers specific services for doctors.
Anurag joined Matic in 2017, where he became the product manager and was responsible for developing the project roadmap, managing the team and integrations between Polygon itself and other DApps.

How does Polygon work?

Polygon (MATIC) is a type of Layer 2 solution that enables other blockchains to bring greater scalability to applications by processing off-chain transactions.
All the while, they remain connected to the main chain.
This facilitates processing outside the main network.
At the same time, they can take advantage of the security and decentralization of the Ethereum backbone.
This flexibility speeds up processing times and reduces gas costs.
Chains built on the Polygon blockchain revolve around Matic tokens, the network’s native crypto.
Each sidechain is an independent blockchain that processes transactions and smart contracts autonomously.
However, these sidechains are interconnected with the Ethereum blockchain, enabling the transferability of assets between the different chains.
One of the fundamental aspects of Polygon is its ability to enable users to transfer their assets between the main Ethereum blockchain and Polygon sidechains.
This is done via bridges, which secure assets as they cross between the two networks.
Polygon offers various types of sidechain, adapted to different use cases.
These include PoS (Proof of Stake) sidechains, which use proof-of-stake consensus to validate transactions.
There are also PoA (Proof of Authority) sidechains, where a restricted group of entities is responsible for block validation.
Each type of sidechain has its own advantages and is adapted to specific use cases.
Although Polygon’s sidechains operate independently, they are linked to the Ethereum blockchain by security mechanisms such as « Checkpointing ».
This means that sidechain blocks are regularly « rooted » on the Ethereum blockchain, reinforcing the overall security of the Polygon network.
On Polygon PoS sidechains, consensus is reached via a staking mechanism.
Validators must lock up a certain quantity of MATIC tokens as collateral to be eligible to validate transactions.
Rewards in MATIC tokens are distributed according to participation in the consensus.
On the Polygon network, transaction fees are considerably lower than on Ethereum.
This makes interactions much more affordable for users and encourages adoption of the ecosystem.
One of Polygon’s other strengths is its interoperability with other blockchains.
It can interact with networks such as Binance Smart Chain and other blockchains via cross-chain bridges, enabling the transfer of assets between different platforms.
Polygon is used for a multitude of use cases, including DeFi (Decentralized Finance) applications, NFT (Non Fungible Tokens), blockchain gaming, and much more.
Its scalability and low transaction costs make it a highly attractive option for developers and users alike. The Polygon (MATIC) network is based on an architecture of interoperable sidechains that work in tandem with Ethereum.
It offers an efficient scaling solution by reducing transaction costs and increasing processing speed, while preserving Ethereum’s characteristic security and decentralization.
Thanks to these features, Polygon has gained in popularity as a versatile blockchain platform, attracting projects and developers from all over the world.
The Polygon network can be thought of as a set of four layers: – 1st layer: Ethereum layer – 2nd layer: security layer – 3rd layer: Polygon network layer – 4th layer: execution layer The network uses smart contracts to enable inter-chain transactions.
The connection technology is Polygon bridge, a bidirectional channel that does not require a trusted third party between Polygon and Ethereum (main chain).
The structure is designed so that Polygon chains can operate independently off-chain without overloading the main chain.
This reduces time and costs.
The PoS (Proof of Stake) and Plasma bridges are two key mechanisms that play a fundamental role in the operation of Polygon (formerly known as the Matic Network).
They enable the transfer of assets between the Ethereum blockchain and Polygon’s various sidechains.
Each of these bridges has its own characteristics and is designed to meet specific needs in terms of security and transfer speed. PoS (Proof of Stake) bridge: Polygon’s PoS bridge is a mechanism designed to transfer assets between the Ethereum blockchain and Polygon sidechains that use proof-of-stake (PoS) consensus.
When a user wishes to transfer assets from Ethereum to a Polygon sidechain, they send them to a specific address on the Ethereum blockchain.
These assets are then locked into a deposit address, meaning that they are temporarily set aside on the Ethereum blockchain.
Once the transaction is confirmed on Ethereum, the PoS bridge receives the notification and creates a corresponding record on Polygon’s sidechain.
This unlocks the corresponding assets on the sidechain.
The assets are then issued on Polygon’s sidechain, where they can be used in accordance with the functionality of that particular chain.
It’s important to note that this process is reversible.
If the user wishes to return assets from a sidechain to the Ethereum blockchain, the process is simply reversed.
The PoS bridge ensures a high level of security through the use of PoS consensus mechanisms on Polygon sidechains.
This ensures that transactions are securely validated before being finalized. Plasma bridge: Plasma bridge is another essential Polygon mechanism that enables the transfer of assets between Ethereum and Polygon sidechains.
Users begin by depositing their assets on a specific Plasma contract located on the Ethereum blockchain.
This contract is designed to manage the transfer process. Once the deposit is made on the Plasma contract, it is confirmed on the Polygon sidechain.
This creates a record of the asset on the sidechain.
The assets are then available on the Polygon sidechain and can be used in accordance with the functionalities of that particular chain.
When the user wishes to return the assets from the sidechain to Ethereum, they can make an exit request.
This means that the assets are locked onto the sidechain and a proof of exit is generated.
This proof of exit is then verified on the Ethereum blockchain to ensure that it is legitimate.
Once validated, the corresponding assets are released on the main blockchain.
The Plasma bridge guarantees a high level of security thanks to proof verification on Ethereum.
This ensures that transactions are secure and cannot be revoked once they have been confirmed. Comparison of the two bridges: The Plasma bridge relies on Ethereum-based proof verification, giving it a high level of security.
The PoS bridge, on the other hand, uses PoS consensus on sidechains, also offering a high level of security.
Plasma bridge can offer faster confirmation times, as it relies on proof verification.
The PoS bridge works with PoS sidechains, which can result in slightly longer confirmation times.
Both bridges enable bidirectional transfers between Ethereum and Polygon sidechains.
The Plasma bridge can be a little more complex to implement due to proof verification.
The PoS bridge is simpler to use and may be more developer-friendly.
Ultimately, both bridges are crucial components of the Polygon ecosystem, each bringing its own specific benefits depending on needs and use cases.
They enable users to take full advantage of the scalability offered by Polygon while retaining the ability to transfer assets to and from the Ethereum blockchain.

What is a sidechain?

A Layer 2 is an additional layer built on top of an existing blockchain (in this case, Ethereum) to improve its performance.
It offloads some of the workload from the main chain, reducing congestion and transaction costs.
Layer 2s emerged in early 2019, in response to the need to solve scalability issues on blockchains, particularly Ethereum.
The Ethereum network, in particular, suffered from congestion and high transaction costs, prompting the development of Layer 2 solutions.
Layer 2s emerged because of several technical challenges facing blockchains, including: – Scalability: Layer 1 blockchains, like Ethereum, have a limited capacity in terms of transactions per second (TPS).
Layer 2 blockchains offer a solution for processing larger numbers of transactions at lower cost. – Transaction costs: By moving some transactions off the main chain, Layer 2 reduces transaction costs, making them more accessible to users. – Latency: Layer 2 can provide faster transaction confirmations using more efficient consensus mechanisms. – Adoption: Layer 2 facilitates the adoption of blockchains by making the user experience smoother and less costly.

What's the link between Polygon and Ethereum?

Polygon and Ethereum enjoy a close symbiotic relationship, based on the concept of sidechains and blockchain interoperability.
Polygon is essentially an extension of the Ethereum ecosystem.
It functions as a network of sidechains that work in concert with the main Ethereum blockchain.
One of Polygon’s main objectives is to solve the scalability problems facing Ethereum.
By offering sidechains, Polygon enables Ethereum to process a higher number of transactions per second (TPS) and reduce network congestion.
This improves the user experience by reducing confirmation times and transaction costs.
Thanks to interoperability between Polygon and Ethereum, users can transfer their assets (ETH, ERC-20 tokens, etc.) between the two networks.
For example, a user can deposit ETH(live ETH quotes) on a smart contract in the Ethereum ecosystem, then migrate them to a Polygon sidechain using a bridge.
Wallets that support Ethereum are often also compatible with Polygon.
This means that users can use the same wallets to manage their assets on both networks.
In addition to assets, it is also possible to transfer data and information between the two networks.
This opens the door to a wide range of applications and use cases that can benefit from this interconnectivity.
Although Polygon’s sidechains operate independently, they are linked to Ethereum by security mechanisms such as « Checkpointing ».
This means that sidechain blocks are regularly « anchored » to the Ethereum blockchain, reinforcing Polygon’s overall security. Bridges, as described above, play a central role in the connection between Polygon and Ethereum.
They enable assets to be transferred back and forth between the two networks.
Developers can create decentralized applications (DApps) that run on both Ethereum and Polygon sidechains.
This offers flexibility and extended reach for developers, who can take advantage of Polygon’s scalability while benefiting from Ethereum’s huge ecosystem.
The interoperability between Polygon and Ethereum has enabled Polygon to become a versatile platform that accommodates a multitude of use cases, including DeFi applications, NFTs, blockchain gaming, and much more.

What are Polygon's applications?

Polygon and decentralized finance (DeFi). The DeFi (Decentralized Finance) ecosystem on Polygon has become a hub of innovation and exponential growth in the blockchain field.
Taking advantage of Polygon’s scalability and low latency, many DeFi applications have migrated or been created directly on this network.
Here’s an overview of the thriving DeFi ecosystem on Polygon: The DeFi ecosystem is based on principles of decentralization, openness and affordability.
It aims to eliminate traditional intermediaries such as banks and enable users to access financial services directly via smart contracts on the blockchain.
Major DeFi protocols such as Aave, Curve Finance(buy CRVs with Coinhouse), Sushi(SushiSwap courses), and many others, have expanded their business on Polygon.
These protocols offer various services, such as lending, borrowing, token exchange and liquidity provision, with extremely low transaction fees compared to Ethereum.
Lending and borrowing platforms on Polygon allow users to earn interest by lending their crypto assets, or to borrow funds using the same assets as collateral. Aave, for example, offers a wide variety of assets that can be used as collateral to borrow other tokens.
DEXs on Polygon such as SushSwapi, QuickSwap, and Cometh offer decentralized trading services that allow users to trade tokens directly from their wallets without having to go through intermediaries.
What’s more, these platforms offer incentives in the form of liquidity fees for those who provide liquidity to the trading pool.
Many DeFi protocols on Polygon incorporate decentralized governance mechanisms that enable the community to participate in decisions concerning the development and direction of the protocol.
Token holders can vote on proposed changes.
Polygon’s native token, MATIC, plays a crucial role in the DeFi ecosystem.
It is often used as a means of payment for transaction fees, as collateral for lending and borrowing protocols, and as a reward for liquidity providers.
The DeFi ecosystem on Polygon is constantly evolving.
New financial protocols, services and products are regularly introduced, demonstrating the vitality and innovation of the DeFi community on this network.
Scalability: Transactions on Polygon are much cheaper and faster than on Ethereum, making the DeFi ecosystem more accessible. – Security: Thanks to Polygon’s built-in security mechanisms, users can be confident in the safety of their transactions and assets. – Diversity of services: DeFi protocols on Polygon offer a wide range of financial services, from borrowing and trading to staking and liquidity incentives. The DeFi ecosystem on Polygon represents a vibrant and dynamic model of decentralized finance, leveraging the benefits of Polygon’s scalability to deliver financial services accessible to a global audience.
This reflects the growth and maturity of the DeFi ecosystem within the broader blockchain ecosystem. Polygon and NFTs. One of the most significant benefits of using Polygon for NFTs is the same as for the development of DeFi: the drastic reduction in transaction fees compared to Ethereum.
Transactions on Polygon are considerably cheaper, making the creation, buying and selling of NFTs more accessible to a wider audience.
Polygon’s low fees and scalability open the door to a wider range of use cases for NFTs.
This includes blockchain game creation, digital collectibles, virtual land, augmented reality objects, certificates of ownership, and much more.
Polygon is ideal for developing event ticketing in the form of NFTs, for example, or for thinking about on-chain digital passport solutions.

The pros and cons of Polygon

Polygon’s advantages:- Improved scalability: One of Polygon’s main advantages is its ability to process a large number of transactions per second (TPS).
Thanks to its sidechain architecture, it offers significantly improved scalability compared with Ethereum. – Low transaction costs: Transaction costs on Polygon are considerably lower than on Ethereum.
This makes interaction with the blockchain much more affordable for users. – Interoperability with Ethereum: Polygon is tightly integrated with Ethereum thanks to its bridge mechanisms.
This enables the easy transfer of assets between the two networks, offering greater flexibility for users. – Developed ecosystem: Polygon has a well-established blockchain ecosystem with a multitude of DeFi protocols, games, NFT marketplaces and other applications.
This offers a variety of opportunities for use and integration. – Easy-to-access developer environment: Polygon offers detailed documentation, well thought-out development tools and an active community.
This makes it easy to create and deploy projects on the platform. – Security and purpose: Although Polygon’s sidechains operate independently, they are linked to Ethereum by security mechanisms such as checkpointing.
This strengthens overall network security. Disadvantages of Polygon:- Potential centralization: Some of Polygon’s sidechains are managed by a small group of entities, which may raise concerns about centralization, particularly on PoA (Proof of Authority) sidechains. – Less security than the main blockchain: Although Polygon has robust security mechanisms, it is generally considered less secure than Ethereum’s main blockchain.
This can be a concern for projects requiring the highest level of security. – Complexity for new users: Although Polygon offers an efficient scaling solution, its operation as a sidechain network can be difficult for new users to understand. – Dependence on Ethereum: Although interoperability is an asset, dependence on Ethereum means that Polygon can be influenced by the scalability and cost issues affecting Ethereum.

What are Polygon tokens used for?

The MATIC token is the native token of the Polygon platform.
It plays several crucial roles within the Polygon ecosystem: – Payment of transaction fees: MATIC is used to pay transaction fees on the Polygon network.
When users carry out operations such as transferring funds or executing smart contracts on Polygon, they must use MATIC to pay the network’s validators. – Staking and Governance: MATIC holders can choose to stake their tokens in Polygon’s proof-of-stake (PoS) consensus mechanism.
By doing so, they participate in the transaction validation process and are rewarded in return.
In addition, MATIC holders also have the right to vote on governance proposals to influence decisions on the evolution and direction of the Polygon ecosystem. – Collateral for DeFi protocols: The MATIC token can be used as collateral for Decentralized Finance protocols running on Polygon.
This means that users can lock their MATIC tokens into smart contracts to borrow other assets, such as stablecoins, at specified interest rates.
Participation in incentives and reward programs: Some projects and protocols on Polygon offer incentives and reward programs in MATIC to encourage adoption, participation and community involvement.
Distribution of DeFi rewards: In the DeFi ecosystem on Polygon, users who provide liquidity or participate in yield farming mechanisms can be rewarded in MATIC according to their participation and protocol performance.
Partnerships and integrations: MATIC is often used as a means of payment for partnerships and integrations within the Polygon ecosystem.
It can be used as an incentive for developers and projects to build or integrate solutions on the platform.
It’s important to note that the role and uses of the MATIC token may evolve over time as network updates and new features are introduced.
As Polygon’s native token, MATIC plays a central role in the platform’s economy and ecosystem.

Tokenomics

Polygon tokenomics (MATIC) refers to the economics of MATIC tokens, i.e. how they are issued, distributed, used and regulated within the Polygon ecosystem.
Here is a detailed explanation of the main aspects of MATIC tokenomics:

KEY FIGURES

Max supply 10 000 000 000 MATIC
Total Supply 10 000 000 000 MATIC
Circulating Supply 9 299 803 030 MATIC
Actively staked 3794 249 669 MATIC (38% of total supply))
MarketCap $4 850 508 786
Fully Diluted Market Cap $5 222 807 479
Inflation rate / Emission / Burn Suppy set at 10 billion MATIC which are released with an inflation rate of 6 to 10% per year.
A portion of the MATIC used for transaction costs is burned (destroyed) at a rate of around 0.3% a year.

INITIAL ALLOCATION

Private sale (seed round + early supporters) 3,8%
Binance Launchpad 19%
Team 16%
Advisors 4%
Staking rewards 12%
Foundation 21,86%
Ecosystem 23,33%
The remaining MATICs not yet in circulation will be distributed over the next 3 years.

TECHNICAL DATA

Transactions per second Up to 75,000
Consensus mechanism Proof of Stake (PoS): Staking
Programming language Solidity (Ethereum language)
Security is based on Ethereum’s level of security
Governance MATIC token holders take part in the protocol improvement process (proposals, voting, etc.).
Bridges Polygon Bridge
Compatible wallets Ledger, Trezor, Metamask, etc.

What are Polygon’s projects?

  • Polygon zkEVM Mainnet Beta: Launch of the zkEVM beta, a ZK-rollups-based scaling solution designed to improve the compatibility and scalability of Ethereum applications while reducing transaction costs.
  • Partnership with Mastercard: Collaboration with Mastercard to launch a gas pedal program for Web3 creators, using the Polygon blockchain to develop new solutions in the digital economy.
  • Integration with Stripe: Polygon partners with Stripe to enable crypto payments via MATIC, making transactions easier for online businesses that accept cryptocurrency payments.
  • Reddit adoption for NFT Avatars: Reddit continues to use Polygon for its NFT avatar initiative, allowing users to create, buy and trade avatars on the Polygon blockchain.
  • Partnership with Disney: Inclusion in Disney’s gas pedal program, with a focus on augmented reality (AR), NFT, and immersive content solutions on the Polygon blockchain.
  • Polygon Village expansion: Development of Polygon Village, a hub for Web3 creators, with grants and resources to help developers launch their projects on Polygon.
  • Collaboration with Warner Music Group: joint project to develop a blockchain-based music platform, where artists can create and sell their works as NFTs on Polygon.

How to buy Polygon?

  1. Go to your Coinhouse application and log in to your personal space or create your account.
  2. Go to the buy/sell section.
  3. Select the amount you wish to invest, and the currency of your choice (in this case MATIC).
    You can exchange USDT or USDC stablecoins for MATIC.
  4. Once your transaction has been validated, you ll find your MATICs in your portfolio.

Coinhouse's opinion

Polygon (MATIC) is establishing itself as a widely adopted Layer 2 solution in the ecosystem.
The current Polygon (MATIC) valuation is seen as an attractive opportunity for portfolio diversification, offering the possibility of choosing an altcoin likely to generate good returns over the next few years.
It’s important to note that this type of asset carries risks, not least because of the fierce competition in this field.
However, when it comes to selecting a token to include in one’s portfolio, Coinhouse recommends analyzing the Total Value Locked (TVL), and for the moment, Polygon (MATIC) is leading the way ahead of its competitors.

Share the article

newsletter background image

Sign up for our newsletter