What is Polygon (MATIC)?

Polygon is a Layer 2 scaling solution (Layer 2 sidechains are blockchains that run alongside the main Ethereum chain) for Ethereum that aims to improve the speed, and reduce the cost and complexities of transactions on its network. MATIC is the utility token of the Polygon network and is used for securing the chain through staking, participating in network governance and as a unit of payment for transaction fees on the network.

Right now, there is Aave, Quickswap, Curve, Sushi, 1inch, mStable; a whole host of defi products that you can actually use to start earning interest on stablecoins, lending other cryptos, DEX swaps, etc, using the Polygon Network.

Polygon's Vision

Polygon is designed to facilitate a future where different blockchains no longer operate as closed-off siloes and proprietary communities, but instead as networks that fit into a broader interconnected landscape.

Its long-term goal is to enable an open, borderless world in which users can seamlessly interact with decentralized products and services without first having to navigate through intermediaries or walled gardens. It aims to create a hub that different blockchains can easily plug into, while simultaneously overcoming some of their individual limitations—such as high fees, poor scalability, and limited security.

Where and How to Buy MATIC

The MATIC token is currently one of the top 50 largest cryptocurrencies by market capitalization and benefits from excellent liquidity. It is available to purchase and trade on a large number of cryptocurrency exchanges, including tier 1 platforms like Coinbase Pro, Binance, Huobi Global, and Poloniex, as well as the popular decentralized exchange Uniswap. It was also recently listed on Kraken.

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