What is Polygon?
Polygon is an Ethereum-based blockchain and its cryptocurrency is called MATIC. Founded in 2017 by three Indian developers, its main objective is to solve the problem of scalability. The token was officially launched in 2019, with an IEO on Binance. In 2021, the Matic project rebranded to Polygon and went from a simple layer 2 blockchain to a full-fledged framework for developing scalable dapps. Today it is one of the reference points for anyone developing decentralised applications with Ethereum.
Why buy Polygon?
The three creators are Jaynti Kanani, Sandeep Nailwal and Anurag Arjun. The MATIC token was officially launched in 2019, with an IEO on Binance. At launch, 3.8% of the tokens were put into circulation, rising to 19% in the following months. The cap is set at 10 billion units and is expected to be reached in 2022. In 2021, the project changed its name to “Polygon” and went from a simple layer 2 blockchain to a full-fledged framework for developing scalable dapps.
How was it created?
Polygon works to develop a system where different blockchain projects are connected and cooperate in a scalable way. The project’s vision allows every user to interact with decentralised systems without relying on centralised platforms.
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