- Matic Price Skyrockets as Rest of Market Suffers
- The Polygon network aims to be a hub to which different blockchains can easily be plugged into and its main chain is Ethereum
- It aims to provide a cheaper, more secure and streamlined solution for transactions conducted on Ethereum blockchains.
- Polygon was launched as the Matic Network in 2017 and was co-founded by three Indians: Jaynti Kanani, Polygon's CEO (a blockchain engineer); Sandeep Nailwal, the COO (a blockchain programmer and entrepreneur); and Anurag Arjun, the CPO.
1.POLYGON MATIC is the cryptocurrency that powers the Polygon network, which provides a framework for building and connecting blockchains (a record of transactions) that are supported by Ethereum technology.
2.The Ethereum cryptocurrency itself is currently the world's second largest cryptocurrency by market cap value (the total market value of a cryptocurrency's circulating supply). Polygon currently ranks 14th among the world's largest cryptocurrencies based on market cap value.
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