Klever Exchange list Polygon (MATIC) Pairs:
Trading has gone live on Klever Exchange Apr 15, 2022
What is Polygon (MATIC)?
Polygon (formerly Matic Network) is the first well-structured Ethereum scaling and infrastructure development platform that’s easy to use. The Polygon SDK is its core component, a modular, flexible framework that can be used for building multiple types of applications.
A developer can create optimistic rollup chains, ZK rollup chains, stand-alone chains, or any other kind of infrastructure they need.
With Polygon, Ethereum is transformed into a fully-functioning multi-chain system (aka Internet of Blockchains). It’s similar to other multi-chain systems such as Polkadot, Cosmos, Avalanche, etc., however, Ethereum’s openness, security, and vibrant ecosystem make it an appealing option.
During the next few years, the $MATIC token will play an increasingly important role in securing the system and enabling governance.
Layer 2 scaling solution Polygon (formerly Matic Network) is backed by Binance and Coinbase. By addressing the scalability issue on multiple blockchains, this project aims to encourage the mass adoption of cryptocurrencies.
In Polygon, you will find a combination of the Plasma Framework and proof-of-stake blockchain technology. As proposed by Vitalik Buterin, the co-founder of Ethereum, Polygon uses the Plasma framework for easy execution of scalable and autonomous smart contracts.
As far as the Plasma-POS ecosystem is concerned, nothing will change. As Polygon expands its capabilities, new features will be built around proven technology to cater to the needs of a broader developer ecosystem. This technology will be developed further by Polygon to be scalable to a larger ecosystem.
Polygon’s native token MATIC is an ERC-20 token based on the Ethereum blockchain. As a settlement currency within the Polygon ecosystem, the tokens are used for payment services on Polygon. On Polygon sidechains, transaction fees are also paid in MATIC tokens.
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