What is Polygon (MATIC)?
Polygon (formerly Matic Network) is a well-structured, user-friendly platform designed to scale Ethereum and develop blockchain infrastructure. Its core component is the Polygon SDK, a modular framework supporting various application types.
Key features:
- Enables creation of optimistic rollups, ZK rollup chains, and standalone chains
- Transforms Ethereum into a multi-chain system (Internet of Blockchains)
- Maintains Ethereum's security while improving scalability
- Processes up to 65,000 transactions per second per sidechain
- Achieves block confirmation times under 2 seconds
The native $MATIC token serves multiple purposes:
✔ Powers transaction fees within the ecosystem
✔ Secures the network through staking
✔ Facilitates governance decisions
Who Created Polygon?
Polygon was founded by:
- Jaynti Kanani (CEO)
- Sandeep Nailwal (COO)
- Anurag Arjun (CPO)
- Mihailo Bjelic (CISO)
The team combines Ethereum veterans with blockchain infrastructure experts, having previously contributed to projects like the Plasma Framework and WalletConnect.
What Makes Polygon Special?
- Ethereum Compatibility: Full EVM support means easy migration for dApps
- Modular Security: Projects choose their security model (standalone or shared)
- Plasma-PoS Hybrid: Combines Plasma's scalability with Proof-of-Stake efficiency
- Growing Ecosystem: 50+ dApps deployed including Aave and Sushiswap
- Multi-Chain Future: Interoperability bridges connecting to other Layer 1 solutions
MATIC Tokenomics
| Metric | Value |
|---|---|
| Total Supply | 10 billion MATIC |
| Circulating Supply | 9.2 billion (92%) |
| Staked Tokens | ~40% of circulating supply |
| Inflation Rate | ~2% annually |
Polygon Security
The network employs:
- Proof-of-Stake consensus with 100+ validators
- Checkpointing to Ethereum mainnet every ~30 minutes
- Bug bounty program covering up to $2M rewards
- Regular security audits by Quantstamp and Others
Where to Buy MATIC?
Top exchanges listing MATIC:
- Binance 👉 Trade MATIC here
- Coinbase
- Kraken
- OKX 👉 Get started with Polygon
FAQ Section
Q: Is Polygon better than Ethereum?
A: Polygon complements Ethereum by handling transactions faster/cheaper while relying on Ethereum for ultimate security.
Q: What's the difference between MATIC and Polygon?
A: MATIC is the native token, while Polygon refers to the entire ecosystem/platform.
Q: How do I stake MATIC?
A: Use Polygon's official staking dashboard or delegate through exchanges like Binance.
Q: Will MATIC supply ever increase?
A: Yes, through ~2% annual staking rewards, but burns may offset this over time.
Q: Can Polygon work without Ethereum?
A: Sidechains can operate independently, but security checkpoints require Ethereum.
Q: What major projects use Polygon?
A: Prominent users include OpenSea, Dolce & Gabbana, and Starbucks Odyssey.