Polygon is a layer 2 scaling solution designed to enhance Ethereum's operability. The network transforms Ethereum into a multi-chain system that can cater to developers' diverse range of needs within the blockchain ecosystem. Ultimately, Polygon aims to stimulate mass adoption by solving scalability issues plaguing the blockchain industry.
Formerly Matic Network, the platform underwent a rebranding in 2021. Polygon uses Plasma Framework, which facilitates the easy execution of scalable and autonomous smart contracts, alongside a proof of stake consensus mechanism.
Polygon was founded in 2017 by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, obtaining guidance from Ethereum founder, Vitalik Buterin. In 2019 the network moved to its own platform and later rebranded to Polygon, while retaining the MATIC ticker.
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Deposit funds safely and for free directly to your unique Tap account by bank transfer. You can then use these funds to buy Polygon MATIC or any other coin or token with a click on the Tap mobile app.
You can buy MATIC directly with your card on the Tap mobile app in one smooth process. Deposit funds absolutely free of charge, then purchase your Polygon MATIC for the best price currently available on the market.
Tap offers the ability to deposit multiple cryptocurrencies which you can then trade for Polygon MATIC at some of the market's greatest rates, making it ideal for traders.
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Trading with Tap automatically gives you access to the platform’s smart engine which finds you the best available USD price on the market in real-time. By scanning top exchanges and order books, the technology is able to sift through tons of data in order to pair you with the best market price.
Start investing in Polygon today and get started with as little as $10/€10. Buying MATIC has never been this easy. Trade on the go, invest and earn, build your wealth and join our community of users in building a better financial future with Tap.
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Frequently Asked Questions
Polygon (MATIC) is the native token to the proof of stake layer 2 scaling network, built on the Ethereum network. The tokens are used to secure the Polygon network, pay transaction fees and provide governance.
Essentially yes, they are the same thing, in February 2021 the platform rebranded itself. What was formerly called Matic is now called the Polygon network. The proof of stake network known for its low transaction fees has seen widespread adoption and praise across the industry, providing solutions to many blockchains.
Scaling solutions are built to work on top of another blockchain to enhance its services. It involves intricate infrastructure development that works hand in hand with the underlying blockchain, in this case, the Ethereum main chain. The project seeks to enhance the poor user experience, high gas fees, and low transaction count per second on the Ethereum blockchain without compromising the platform's services. Designed to be an advantage to both networks, the scaling solution is able to leverage the already strong Ethereum main chain and streamline the services.
Users can find the MATIC price in the Tap app. Simply open the app and select Polygon MATIC from the list of currencies in the Crypto wallet. The Polygon price will be displayed on the coin's page. When looking to buy Polygon MATIC or simply trading it, Tap's smart engine will ensure that you get the best Polygon price available on the market at that time.
The digital asset built on the Ethereum blockchain has a maximum supply of 10,000,000,000 MATIC tokens. At the time of writing, the Polygon MATIC platform had a market cap of $7.5 billion with an impressive MATIC trading volume.
You can conveniently and securely buy Polygon MATIC with fiat currency through the Tap app. All you need to do is download the mobile app from the relevant app store (find links on the home page of our website). From there you will need to complete an identity verification process after which you can add funds to your fiat or crypto wallet and buy Polygon (MATIC). Similar to a traditional bank account only with zero fees for use and integrated trading functionality.