MATIC (Polygon)

MATIC (Polygon)

1. Project Description

Project Name: Polygon 
Token Name: MATIC
Type: Token

2. Project Introduction

MATIC is a scalability project that allows decentralized applications to run on a network with lower commissions, higher speed, and interoperability with the Ethereum network.

The project seeks to correct the problems of Ethereum's transaction processing capacity per second and scaling. MATIC also wants to offer a solution that allows communication between different blockchains.  All to improve the capabilities in Ethereum to support other decentralized solutions and solutions for decentralized finance, also known as DeFi.

Polygon proposes a solution to this problem by adding second layer scaling elements generated by an implementation that allows computation and transactions on the sidechains.  The process is similar to the Ethereum 2.0 development proposal and its change to the proof-of-stake consensus. 

Not only does it offer a proposal to solve scalability, but MATIC also works on usability improvements without impairing decentralization. They also seek to leverage the developer community to help improve dApp functionality and improve the user experience. 

3. Token overview

Total Supply: 10,000,000,000

4. Support links

Website: https://polygon.technology/ 
Whitepaper: https://polygon.technology/papers/ 
GitHub: https://github.com/maticnetwork