POLYGON CRYPTO PRICE PREDICTION | REVIEW | NEWS | UPDATES
Here is the complete review of POLYGON (MATIC) cryptocurrency, including live price prediction, latest news, and updates in 2023.
WHAT IS POLYGON (MATIC) & HOW DOES IT WORK?
Polygon (previously known as Matic Network) is a platform for Ethereum scaling and infrastructure development. It offers layer two chains and sidechains to enhance scalability and usability on the Ethereum network.
Layer two chains provided by Polygon include options like zk rollups, optimistic roll ups, and their own Matic Plasma. This allows developers to choose the best scaling mechanism for their project.
Benefits of building on Polygon’s layer two chains include high-level security and easy accessibility, making it an ideal choice for startups and small communities.
Additionally, Polygon offers side chains that operate independently alongside Ethereum. While they provide flexibility and independence, they require the user to ensure their own security and decentralization.
Competition-wise, Polygon is considered a strong competitor to other scaling solutions like Polkadot, Cosmos, and Avalanche. Some even refer to Polygon as the “Polkadot for Ethereum.”
In conclusion, Polygon (MATIC) offers a comprehensive solution for Ethereum scaling and infrastructure development, providing various options for developers and users to enhance their experience on the network.
