Polygon (MATIC) is an Ethereum token that powers the Polygon Network — a protocol and framework for building and connecting Ethereum-compatible blockchain networks. Polygon is what’s known as a Layer-2 solution, designed to help scale the Ethereum network and improve its functionality.
Read moreWhat is the uses of Matic coin?
MATIC is used to power the network and serve as a utility token for Polygon. It functions as the network’s main transactional currency and as a financial incentive for those who want to contribute to the ecosystem.9 Ara 2021
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