Source: MATICUSD Chart by TradingView
Polygon (previously Matic Network) is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.
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The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Pudgy Penguins launches cross-chain transactions for Polygon, BNB Chain, Arbitrum
The project is using LayerZero to expand its current Ethereum blockchain to improve ease of access and network capability.
Co-founder & COO
Co-founder & CEO
Co-founder & CPO
VP - Operations & Marketing
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