Is Matic network the same as Polygon?

This is because Matic Network was the original name of Polygon before the project was rebranded in February 2021 . Matic Network initially launched in 2019. The main source of confusion comes from the fact Polygon decided to retain the ticker MATIC for its native utility crypto token after the rebranding.3 Oca 2022

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What is $Matic?

MATIC is the network’s native cryptocurrency , which is used for fees, staking, and more. You can buy or sell MATIC via exchanges like Coinbase. The Ethereum blockchain is home to a vast range of economic activity — from NFT markets and games to the growing DeFi ecosystem.

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What is Polygon used for?

Polygon is a secondary scaling solution for the Ethereum blockchain . These types of solutions work on top of an existing blockchain network rather than using their own blockchain. In this instance, Polygon works on top of Ethereum which has become slow and expensive to use as it becomes ever more popular.3 Oca 2022

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How do you use Polygon Matic?

Go to the Polygon/Matic web wallet at https://wallet.matic.network/. Make sure your MetaMask network is set to “Ethereum Mainnet” in the dropdown menu, then connect to the wallet. If the wallet doesn’t take you to the bridge immediately, click on “Move funds to Matic Mainnet”.

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