What is Matic (Polygon)?

What is MATIC (Polygon)?

MATIC is a Layer 2 scaling solution built on top of Ethereum to help reduce congestion and traffic on the Ethereum network.

Coins Academy

Feb 21, 2022 1 min read

A scaling solution for Ethereum

MATIC is a Layer 2 scaling solution built on Ethereum to help reduce congestion and traffic on the Ethereum network. It does this by allowing users to process their transactions off the Ethereum blockchain and on MATIC instead.

Energy efficient with Proof-of-Stake

MATIC uses an energy-efficient algorithm called Proof of Stake to process transactions on its network. This allows MATIC to have faster transaction times and cheaper transaction fees than Ethereum, which currently uses Proof of Work.

What's the maximum supply of Matic?

The maximum supply of MATIC will never exceed 10 billion. As of February 2022, there are over 7.4 billion MATIC in circulation.

Disclaimer: The information and publications in this article are not intended to be and do not constitute financial advice, investment advice, trading advice, or any other advice or recommendation offered or endorsed by Coins.

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