Based in India, Matic Network is a 2-layer scaling solution 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 Matic user deposits a crypto asset (through a main chain Matic contract), the tokens appear on the Matic chain through the Matic 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 Matic Network (MATIC) in a crypto exchange like Coinmerce. It's simple to do: just indicate what price you want to pay for Matic Network (MATIC) (or buy it instantly for the market price), whereafter you get Matic Network (MATIC) within a few minutes.
MoreYou want to buy Polygon? You can buy Polygon 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 Polygon, use the search function to search for Polygon and click on the name. You can indicate for how many euros you want to buy Polygon in the right window. Below is shown how much Polygon you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Polygon when the price of Polygon reaches your entered value. You can also execute a repeating order. Do you want to buy Polygon with another crypto currency? 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 Polygon.
You can earn Polygon staking proceeds. In fact, Polygon's network uses Proof-of-Stake, and lets users earn MATIC tokens by deploying the token for staking. You can also earn Polygon returns by deploying MATIC for Earn. Experts use sophisticated strategies to earn a return on MATIC. Because you contribute to this, you receive a reward in the form of MATIC. These are your MATIC earnings from Earn, which are automatically redeployed for Earn. In this way, your MATIC passive income you earn will grow over time.
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.