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MATIC Coin — Scaling Ethereum
MATIC is the native cryptocurrency of the Polygon network. It is an Ethereum-based blockchain platform that provides a trustless and secure environment for developers and users. MATIC’s main purpose is to help drive development across the Polygon network and can be used for staking and paying for transaction fees.
The Polygon network is a Layer 2 scaling solution that aims to make Ethereum faster and more efficient. Layer 2 solutions allow transactions and smart contracts to be processed off-chain, reducing congestion on the Ethereum network. By using MATIC, developers and users can benefit from faster transaction times and lower fees.
MATIC is an ERC-20 token with a circulating supply of 1.2 billion. It is also one of the few cryptocurrencies that offer staking rewards. Staking rewards are incentives given to users who are willing to commit their MATIC tokens to the network and help secure it. The staking rewards incentivize users to continue to support the network, as the more tokens that are staked, the more secure the network becomes.
MATIC can also be used to pay for transaction fees on the Polygon network. Transaction fees are small amounts of cryptocurrencies that are paid to miners for validating and processing transactions on the network. By using MATIC, users can benefit from lower fees, as the fees are paid in MATIC tokens and not…
