Matic Cryptocurrency Review: What is Special and What is Polygon Price?

Hundreds of crypto assets are offered on the market. All the crypto coins developed after the first crypto - Bitcoin - were created with the goal of performing better, looking at the excellent result of the market leader. So many assets released in the market were meant to solve the limitations of BTC.

Ethereum is the second asset on the market ranking. It was first developed on the Proof-of-Work consensus protocol, which means the asset used to be mined (the same as BTC) using expensive equipment. Ethereum is used by developers who create and deploy decentralized applications and smart contracts on the Ethereum blockchain. Over time, it became too costly, for the network’s throughput was reduced because it was overloaded. So many new projects appeared in the market, offering better conditions for decentralized app developers, and one of such projects is Polygon. Its assets are listed on all popular platforms. MATIC is in the top 10 cryptos by market capitalisation. As of December 12, 2022, the MATIC to USDT pair is traded at 0,88.

The Essence of Polygon

The Polygon project was developed based on the Ethereum blockchain. It was created to solve the main Ethereum disadvantages:

• Slow transaction speed
• Lack of interaction with other networks
• Costly transactions.

MATIC is a governance token of the platform that is also used for transaction fees. Polygon allows developers to customize networks and add existing ones. It is like a bridge between the Ethereum blockchain and other networks. That is the reason why Polygon was so appreciated by developers and is now among the top 10 cryptos.

Where to Buy MATIC?

You may use any large and trusted cryptocurrency exchange that offers this crypto coin. Applying platforms with user-friendly interfaces and a high level of client protection is recommended. For example, try the WhiteBIT platform. It is a centralized exchange offering a high level of safety for every user’s account. It provides up-to-date crypto rates. MATIC USDT is one of the most traded pairs on the exchange.