Polygon was originally launched as Matic network in 2017 to improve the Ethereum infrastructure before being renamed “Polygon”. The network’s aim is to offer faster and cheaper transactions on Ethereum while improving the user experience. Polygon provides an easy-to-use environment for the additional development and scaling of Ethereum’s infrastructure. MATIC is the native token of Polygon and is used for staking, contributing to network security and paying gas fees, among other purposes. Anyone can buy, sell, send, receive and hold MATIC tokens on crypto exchanges.
Polygon was launched as Matic before it was renamed in 2017
Polygon’s original purpose was to improve the Ethereum infrastructure
Polygon makes transactions faster and cheaper
Many DeFi (decentralised finance) applications support Polygon
MATIC is the Polygon currency running on Ethereum
MATIC is used for staking, paying gas fees and ensuring network security
Anyone can buy, sell, send, receive and hold MATIC tokens
Polygon market stats
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