Polygon (formerly known as MATIC) is an Indian blockchain scalability platform called ‘the Ethereum’s Internet of Blockchains’. It is the answer to some of the challenges faced by Ethereum today – such as heavy fees, poor user experience and low transactions per second (TPS).
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Mumbai: Polygon, a secondary scaling solution founded by three Indians for the Ethereum blockchain, has raised $450 million in a round led by Sequoia Capital India . The fund was raised through a private sale of Polygon’s native Matic token.
Read moreWho founded Matic crypto?
Interview with Sandeep Nailwal , Co-founder of Matic Network. Matic Network is a blockchain scalability platform that provides secure, scalable and instant transactions using PoS side chains and an adapted version of Plasma.
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