# What is matic

**Published by:** [hualuo](https://paragraph.com/@hualuo/)
**Published on:** 2021-12-01
**URL:** https://paragraph.com/@hualuo/what-is-matic

## Content

The Matic Polygon coin, unlike Bitcoin and Ethereum, is unaffected by high transaction fees owing to congestion. It's an open-source technology that gives developers the tools they need to create a stand-alone network or a secure sidechain using smart contracts and the Ethereum network's security. Last week, the market capitalization of Polygon, which was created by three Indians, surpassed $10 billion. And, according to Coinmarketcap.com, it is presently among the top 20 crypto tokens in the world, with a market cap of $13 billion. Coinbase, a Nasdaq-listed company, began trading the Polygon currency in March. Polygon is a set of side roads that Ethereum developers can utilise to construct apps on the Ethereum blockchain more rapidly and cheaply. It's a priceless network. The most technically advanced cryptocurrencies with the most intrinsic worth applications – is the key to striking it big in the crypto market right now. Polygon Matic Coin Details Name: Polygon Symbol: MATIC Price: $1.80 Indian Price: RS 139 Rank: 16 Market Cap: $ 11.26 billion All-time high (daily avg.): $ 2.29 on 5/18/2021 Polygon uses a variety of technologies such as POS Chain: Polygon's main chain is the Matic POS Chain, an Ethereum sidechain that adds a proof-of-stake (POS) security layer to blockchains created on the platform. Plasma Chains: Polygon employs Plasma, a scaling technique that allows assets to be moved between the root and child chains using Plasma bridges. ZK-rollups: An alternative scaling approach that uses zero-knowledge proofs for the final public record on the Ethereum main chain to bundle a large number of off-chain transactions into a single transaction. Optimistic rollups: A system built on top of Ethereum that uses "fraud proofs" to enable near-instant transactions.

## Publication Information

- [hualuo](https://paragraph.com/@hualuo/): Publication homepage
- [All Posts](https://paragraph.com/@hualuo/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@hualuo): Subscribe to updates
- [Twitter](https://twitter.com/MarkStonic): Follow on Twitter