Based in India, POL is a 2-layer scaling solution, formerly MATIC Network, that allows users to significantly scale their dapps. It is a decentralized platform that uses a Proof-of-Stake (PoS) network and Plasma framework for carrying out safe and secure Ethereum transactions efficiently and instantly.
MoreWhen a POL user deposits a crypto asset (through a main chain POL contract), the tokens appear on the Polygon chain through the Polygon Deposit bridge, which serves as block producer nodes components. The Dagger detects deposits and triggers an event on the chain, and then users may start sending tokens or withdraw some.
MoreYou can buy POL (POL) in a crypto exchange like Coinmerce. It's simple to do: just indicate what price you want to pay for POL (POL) (or buy it instantly for the market price), whereafter you get POL (POL) within a few minutes.
MoreYou want to buy POL? You can buy POL using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see POL, use the search function to search for POL and click on the name. You can indicate for how many euros you want to buy POL in the right window. Below is shown how much POL you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "trigger order" at Coinmerce. Our system will automatically buy POL when the price of POL reaches your entered value. You can also execute a repeating order. Do you want to buy POL with another cryptocurrency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive POL.
POL, formerly Matic Network, was established by Anurag Arjun, Jaynti Kanani, and Sandeep Nailwal. The three men share an extensive background in programming, development, and management, with substantial experiences in blockchain technology. Co-founder Kanani specified the following features of Matic. Scalability – cost-efficient and secure transactions completed instantly. Security – operators of the network’s main chain are also PoS system stakers. Throughput – more or less 10,000 TPS, allows horizontal scaling for multiple chains. UX/User Experience – seamless and smooth UX, provides support for WalletConnect and native mobile apps. Public Sidechains – permissionless and public Matic sidechains and multiple protocol-support. Matic was created to help address several blockchain issues, specifically slow transactions, low transaction throughput, high transaction fees, poor usability, multiple micropayment channels, and scalability. The year 2021 is a major turning point for Matic Network as it has now transitioned to Polygon, a scaling and interoperability framework built around the MATIC token. Polygon is focused on creating blockchains that are compatible with Ethereum. As of now, all MATIC tokens have upgraded to POL tokens.