Polygon (Matic): Recent Developments, Community, Upcoming Events

The increase in blockchain transactions and mass adoption of cryptocurrencies has created problems for blockchains. Matic Network was developed with scalability in mind and to enhance networks. Matic Network turned Polygon into the Ethereum Internet of Blockchains. The development has attracted numerous investors, including billionaire businessman Mark Cuban. Polygon, a network for building and connecting blockchains with new and advanced technology, cannot be left out of the news due to its new developments, improvements in the Matic Network, and increased investment, increasing market capitalization. Matic is currently the 15th largest cryptocurrency after a huge rise in recent weeks. The token is up 25% from $1.1 last week and fell as low as $2.2 as traders are bullish on $Matic. $Matic has a total market cap of over $11 billion and is currently trading at $1.83. Polygon is backed by Coinbase and Binance with many major investors behind the solution. Polygon: Summary & Developments Polygon is a network solution built to develop decentralized applications (dApps) on the Ethereum blockchain, making them faster and solving scalability issues without compromising security and user experience. Formerly known as Matic Network, its usefulness has grown in popularity. While there is a surge in DApps and blockchain solutions, the blockchain ecosystem is not ready for massive adoption. Matic was plagued with high gas costs and slow blocking approvals, both of which detract from the user experience. The network aims to make interaction with the blockchain ecosystem seamless. It achieves this goal with Plasma development, which makes operations faster and more cost-effective. A Matic sidechain can process more than 65,000 transactions per block. From the main chain to the Matic chain it provides an excellent user interface and is very easy to develop.

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