MATIC/Polygon hovering near $2, let’s talk about the project.

What Is Polygon (MATIC)?

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.

What makes Polygon special?

Polygon aims to improve blockchain scaling and interoperability. There are several major features that have contributed to the platform’s popularity and positive analysts’ outlook.

Polygon is compatible with Ethereum Virtual Machine (EVM), which makes it useful for those who develop apps on Ethereum and program in Solidity.

Polygon’s security model is optional – there’s no need to sacrifice flexibility for the sake of additional security if not needed.

Polygon claims to be flexible enough to incorporate different scalability solutions beyond Plasma chains, including Optimistic rollups and ZK-rollups.

Where Can You Buy Polygon (MATIC)?

Being one of the projects that contributed a lot to the development of the Ethereum ecosystem, MATIC is popular among online exchanges focused on DeFi. The top exchanges where you can buy, sell, and trade MATIC currently are:

Binance Coinbase Huobi Global FTX KuCoin