Cryptocurrency Polygon – what is it?

After rebranding, the matic price prediction 2030 remained the standard service cryptocurrency of the ecosystem. The Polygon token is developed on ERC20 standards, which makes it fully compatible with other Ethereum framework projects. The benefit for developers of new applications is that they can transfer their products to the Matic base, thereby integrating into the Ethereum smart contract system while avoiding the old problems with network scaling.

According to the Matic Network team, the sidechain skip rate is about 7,000 transfers per second. As with other second-tier networks, transaction transactions are confirmed by validators – an analog of miners in the PoS system, converting and integrating individual blocks into the blockchain for a percentage of the volume of the highest union. This is the main difference between the Polygon coin and the Ethereum – with this method of transactions, the relay bridge of the parent network is not overloaded, and applications based on Matic are integrated into the ETH cryptocurrency by default.

What is the uniqueness of Polygon?

Polygon solves the problem of scaling and interoperability of blockchain projects. Several critical features have made the platform popular and contribute to the positive forecasts of analysts.

• Polygon supports EVM, which makes it useful for those who develop applications on Ethereum and code on Solidity.
• The Polygon security model is optional – there is no need to sacrifice flexibility for additional security if it is not needed.

According to Polygon, the flexibility of the system allows (besides Plasma) the implementation of other scaling solutions, including Optimistic rollups and ZK-rollups.

MATIC tokens are used for various purposes within the Polygon ecosystem, including paying gas fees and providing security through staking.

Where to analyze and store cryptocurrency

You can analyze, for example, reddcoin price prediction or sell cryptocurrencies on a crypto trading platform using fiat money. Cryptocurrency is stored in a unique digital wallet or hardware wallet. The user’s wallet has a set of private keys (unique codes) that authorize outgoing transactions on the blockchain network. A wallet can be software (hot) or hardware (cold). The hardware wallet stores these private keys on a secure device that is not connected to the internet. This can protect the user’s wallet from hackers.