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Polygon is designed as a flexible framework that supports Ethereum by enhancing its scalability, making it faster and cheaper to use. It helps Ethereum handle more transactions by processing them off-chain and then finalizing them on Ethereum, which reduces congestion.
This coin is available on Newton.
Previously known as Matic Network, Polygon was rebranded in 2021 to reflect its broader goal of supporting a multi-chain ecosystem. The platform uses MATIC, its native token, to secure the network and allow users to participate in governance, all while earning rewards through staking.
The Polygon SDK (Software Development Kit) makes it easier for developers to build decentralized applications (dApps). It simplifies the process of creating scalable applications without sacrificing Ethereum's robust security.
Polygon's ability to process transactions quickly and cost-effectively comes from technologies like Plasma and zk-Rollups, which help manage transaction volumes efficiently. These solutions ensure that Polygon can scale Ethereum while keeping costs low.
Polygon is valued as a key solution for Ethereum's scalability issues. It’s become a go-to choice for developers looking to build on Ethereum but needing more speed and lower fees to meet the demands of users.
Polygon works by creating a flexible framework that supports Ethereum’s scalability. It processes transactions on sidechains and then settles them on Ethereum, easing congestion and ensuring faster transactions at lower costs.
To maintain security and decentralization, Polygon operates on a Proof-of-Stake (PoS) system. This means that users can stake their MATIC tokens to become validators, helping secure the network while earning rewards.
Developers use the Polygon SDK to build decentralized applications (dApps) that are more scalable. The SDK helps developers quickly integrate their apps into the Polygon network, offering a smoother, more affordable experience for users.
Transactions on Polygon are made faster and cheaper by technologies like Plasma and zk-Rollups. Plasma processes most transactions off-chain, while zk-Rollups bundle multiple transactions together, which helps Polygon manage large volumes more efficiently.
Polygon also promotes interoperability, allowing assets and data to move easily between different blockchains. This flexibility is crucial in creating a more connected and efficient blockchain ecosystem.
Polygon is a layer-2 scaling solution that operates within the Ethereum blockchain ecosystem to improve transaction speeds and reduce costs.
Polygon serves various purposes, offering scalability solutions to numerous blockchain use cases.
Polygon's price fluctuates due to various market factors, including market capitalization, trading volume, and investor sentiment.
The circulating supply of Polygon provides insights into how many MATIC tokens are currently available for trading.
Polygon is perfect for decentralized finance (DeFi) applications, which require fast and affordable transactions. It allows DeFi platforms to scale effectively without dealing with Ethereum’s high fees and congestion issues.
Polygon also works well for blockchain-based gaming, where low-cost transactions and fast speeds are essential. Developers can use Polygon to create seamless in-game economies that are smooth for users without high transaction costs.
For non-fungible tokens (NFTs), Polygon is a great choice. It allows users to mint, buy, and sell NFTs without paying expensive gas fees, and users can receive MATIC tokens to cover transaction costs.
Polygon supports multiple types of applications across different industries, including finance, gaming, and entertainment. Its flexibility and low fees make it an appealing option for a wide variety of use cases.
With its focus on interoperability, Polygon enables different blockchains to connect and share data. This opens up more possibilities for decentralized applications to collaborate across platforms, creating a more integrated blockchain ecosystem.
Polygon was launched in October 2017 and was co-founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun under the name Matic Network. The idea was to address Ethereum's scalability issues and make it easier for developers to build decentralized applications with fewer transaction costs.
The platform rebranded from Matic Network to Polygon in 2021, reflecting a broader vision of supporting a multi-chain ecosystem. This change helped position Polygon as a key player in the blockchain space, not just for Ethereum but for other blockchains as well.
Polygon’s rise came at the right time, as Ethereum faced congestion from the growing popularity of decentralized finance (DeFi) platforms. By offering a solution that reduced transaction fees and increased transaction speeds, Polygon quickly became an attractive alternative.
Strategic partnerships with other blockchain projects helped Polygon grow its network and user base. These partnerships have expanded Polygon’s reach, making it a popular choice for developers looking to scale their dApps and manage high volumes of transactions.
Today, Polygon is valued as one of the leading blockchain platforms for scalability. It continues to help Ethereum scale and offers an essential infrastructure for decentralized applications across various industries.
Staking allows MATIC token holders to participate in securing the network while earning rewards, adding value to Polygon’s ecosystem.
Optimistic rollup chains play a key role in Polygon’s ability to scale, which has a direct influence on investor sentiment and price trends.
The Dagger event notification engine plays a significant role in ensuring real-time data tracking and updates for Polygon users.
Store your MATIC tokens securely in a personal wallet or on Newton. You can track the live MATIC price and monitor its average price chart using trusted price tracking platforms to stay updated on the market cap and price movements.
You can stake MATIC to earn rewards through various DeFi platforms, helping secure the Polygon network. Staking MATIC tokens support the Polygon ecosystem by contributing to its network security and decentralization, enhancing its Layer 2 scaling solution.
Use MATIC to make payments with decentralized applications and merchants supporting cryptocurrency payments. Polygon allows MATIC to be seamlessly utilized within its DeFi ecosystem and various blockchain-based smart contracts.
Send MATIC tokens across supported blockchain platforms, including Ethereum, by utilizing Polygon’s Layer 2 bridging technology. Polygon ensures fast and low-cost transactions by leveraging Ethereum-compatible bridges for scalability and reduced transaction fees.
Donate MATIC to organizations supporting blockchain technology and decentralized projects through DeFi-based donation platforms. Polygon’s efficient infrastructure enables low-fee donations, helping advance the adoption and development of the MATIC network.
Swap MATIC tokens for other cryptocurrencies like Ethereum or Bitcoin on decentralized and centralized exchanges. Polygon's Layer 2 scaling solution allows for reduced gas fees and faster transactions, improving token swaps while supporting liquidity.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying Polygon (MATIC) directly from individuals can be quite dangerous due to the uncertainty about whom you’re purchasing from. Without the security measures of a regulated crypto exchange, you risk encountering fraud or unreliable sellers. It’s important to exercise caution when considering direct transactions to avoid potential pitfalls.
Trading on regulated platforms like Newton ensures the safety of your Polygon transactions, adhering to legal guidelines and offering a secure environment. You can track the latest price of Polygon along with 70+ other cryptocurrencies in real-time, keeping you updated on market fluctuations and trends.
Newton offers some of the most competitive prices for MATIC tokens, ensuring you get maximum value when trading on the Polygon network. Whether you’re a beginner or a pro, Newton gives you direct access to one of the fastest-growing blockchain ecosystems, enabling efficient and reliable MATIC trading.
Trade MATIC confidently with Newton’s advanced security features. Activate Multi-Factor Authentication, track your login history, manage devices, and set up an anti-phishing code to safeguard your assets. With Newton, your security is always a top priority.
Newton makes it affordable to buy and sell Polygon, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Stay connected to the Polygon network with Newton, accessible on both desktop and mobile. Whether you’re tracking price movements or managing your portfolio on the go, Newton ensures you never miss an opportunity.
Newton’s platform is designed with traders in mind. Quickly track MATIC prices, monitor market trends, and manage your portfolio effortlessly. Whether you’re executing trades or holding for the long term, Newton provides a straightforward, trader-focused experience.
Built for traders in Canada, Newton offers a secure, reliable, and efficient way to trade MATIC and other cryptocurrencies. It’s your trusted platform for accessing the Canadian crypto market and staying ahead in the blockchain revolution.
Start by signing up on Newton. Complete the quick verification process, and you’ll be ready to buy Polygon (MATIC) and connect to the Polygon blockchain network.
Load your account with funds using quick and easy options like Interac e-Transfer or wire transfer. Newton provides an easy funding process for Canadians, so you can start investing without any hassle.
Once your account is funded, you can begin purchasing MATIC tokens. With millions of MATIC tokens in circulation, Polygon offers a gateway to DeFi opportunities, blockchain scalability, and the expanding dApp ecosystem.
Navigate to the list of cryptocurrencies and select MATIC. This will connect you directly to Polygon’s Layer 2 scaling network and the entire decentralized finance (DeFi) space.
Decide how many MATIC tokens you want to add to your portfolio. Whether you’re investing a small amount or making a larger trade, ensure you’re wisely planning according to your strategy and financial goals.
Review your order, confirm the details, and complete the transaction. Once finalized, your MATIC tokens will be credited to your account. You can then trade, stake, or explore opportunities within the Polygon network.
Take full custody of your MATIC tokens with a personal wallet, but remember—responsibility is key. Managing private keys means you’re in charge of securing your assets, but this also exposes you to risks if not handled carefully. While it gives you complete privacy, the security of your tokens depends entirely on your vigilance and discipline.
You can directly hold MATIC with confidence on Newton! Thanks to its powerful security features. Multi-factor authentication, login history tracking, and anti-phishing codes keep your account secure while you focus on the market. Manage trusted devices and add a trusted contact for extra peace of mind. Newton combines convenience and security, making it a reliable platform for serious traders
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Polygon, please see our Asset Statement.
