Polygon was formerly called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain. The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.
Crypto asset manager Grayscale is exploring 13 more investment trust products, including ones tied to Solana and Polygon tokens. The post Grayscale is exploring 13 more investment products, including ones for Solana and Polygon appeared first on The Block.
The Rainmaker program aims to bring more liquidity to Ethereum and Polygon-based decentralized finance (DeFi) ecosystems.
Gas fees on the Ethereum blockchain have dropped nearly 90% over the past month. The post Ethereum gas fees have plunged to a six-month low. Here’s why appeared first on The Block.
Polygon’s cheaper transaction costs and faster block time have driven increased adoption by a number of major projects.
The two projects are working together to get more devs building on Polygon—the Ethereum layer 2 scaling solution.
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