Matic becomes Polygon recently and the team was very excited with this announcement. Network-based on Ethereum´s Internet of Blockchains. The goal is to enable Ethereum to become a full-fledged, powerful multi-chain system. Matic (Polygon) enter ATH even with the recent dip of the crypto markets in general. The new value ATH is 2,14€ (2,62 USD) on 18th May 2021.
Co-Founders : Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, Mihailo Bjelic shoud be happy to run almost as outsiders of the bear market at the moment. Investors should be happy with the results of the 1st third of the year.
Built by developers, for developers
Polygon combines the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system. Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing security. This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche, etc, but with at least three major upsides:
- It is able to fully benefit from Ethereum’s network effects
- It is inherently more secure
- It is more open and powerful
Ethereum is the blockchain development platform of choice, but it has limitations: Low Throughput and Poor UX (gas, delayed PoW finality). No sovereignty (shared throughput/clogging risk, tech stack not customizable, governance dependence)
Many projects are exploring Ethereum-compatible blockchains as a way to mitigate these limitations while still leveraging Ethereum’s thriving ecosystem. However, there is no specialized framework to build such blockchains nor a protocol to connect them. This introduces significant development challenges and causes ecosystem fragmentation. Polygon – a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.
- One-click deployment of preset blockchain networks
- A growing set of modules for developing custom networks
- Interoperability protocol for exchanging arbitrary messages with Ethereum and other blockchain networks
- Modular and optional “security as a service”
- Adaptor modules for enabling interoperability for existing blockchain networks
Polygon architecture in projects already running
These are some of the many projects that already use Polygon architecture:
Polymarket – One of the most popular Prediction Markets in the blockchain space, Polymarket has redefined the space with its smooth UX
Aavegotchi – DeFi based crypto collectibles game; players stake NFT’s with interest generating tokens in the Aavegotchi Metaverse
Decentral Games – Casino style games built in the Decentraland metaverse, where you can play your favorite card games with your chosen avatar
SportX – Place your bets on your favourite sporting events with SportX and earn more with weekly contests on this popular sports betting platform.
Easyfi – A fork of Compound which brings multiple DeFi products under one roof with lending, borrowing, staking and more available in one Dapp
Neon District – Cyberpunk RPG adventure game that allows players to battle it out in a sci-fi dystopia and win in-game NFT’s
Coinpedia POLYGON MATIC Price Prediction
According Coinpedia ” With a price of $0.0018, Matic initiated the year 2021. Further, the price started to rise. The community might collaborate with certain projects and startups for the betterment of the protocol. As Matic comprises unique features such as scalability, security it may enhance its user base and it might hit a new all-time high. The price might drop to $0.08 if it comes across any turbulences. At the end of 2021, the altcoin might be traded at $2, but in a coming couple of months, the price may hit the milestone at $10.” This couldn’t be so wrong as prediction, however, a lot changed when written.
What will be the next steps for Polygon? Will it keep growing as community and new developments. We believe that will expand and attract new developers to the blockchain.