What is Polygon (MATIC)?

Website: https://polygon.technology/

Maximum Supply: MATIC

Total Supply: MATIC

Circulating Supply: 6,303,422,325 MATIC

Explorer: Polygon Explorer 

Whitepaper: Polygon Whitepaper

What is Polygon (MATIC)?

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon software development kits (SDK), a modular, flexible framework that supports building multiple application types. Polygon effectively turns Ethereum into a full-fledged multi-chain system. Polygon has a significant block confirmation time of less than two seconds as well as processing up to 65,000 transactions per second on a single sidechain. Polygon's native tokens, MATIC, is an ERC-20 token running on the Ethereum blockchain. Polygon uses a customized version of the Plasma framework built on Proof-of-Stake checkpoints running through the Ethereum main chain.

Who is the Founder of Polygon (MATIC)?

Polygon was released in October 2017. Polygon was co-founded by two veteran blockchain developers, Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, a business consultant. Sandeep Nailwal, co-founder and chief operating officer of Polygon, is a blockchain programmer and entrepreneur.