Polygon has already increased in popularity this year. And just recently, it reached a new all-time. Polygon is an Ethereum token that powers the Polygon Network. It offers faster transactions on the Ethereum blockchain and tackles one of the major problems that prevent the widespread adoption of blockchains and cryptos. That problem has to do with scalability. The network wants to be the de-facto platform on which developers will deploy and run decentralized applications in a secure and decentralized manner. MATIC reached a new all-time high on May 18 2021 when it hit $2.68. It currently trades at $1.49. How high will MATIC go in the short and long term? Let’s see.
Polygon is one of the top 20 cryptos in the market and I’ll be discussing an interesting projection into the future of the coin. If you didn’t know by now, Polygon heavily relies on the Ethereum network. It is Ethereum-native and committed to the Ethereum roadmap. Therefore, it seeks to solve some of the main issues associated with Ethereum.
The Ethereum network limitations include high gas fees, low transaction rates (TPS), and poor user experiences. Polygon (MATIC) is trying to build a multi-layer ecosystem of blockchains compatible with the Ethereum blockchain. As a result, the Polygon network will make different blockchains not only interoperable but also easily scalable.
OKEx sponsor: (00:35)
Polygon & DeFi 03:52)
Polygon in Gaming (06:37)
#polygon #matic #crypto