POLYGON (MATIC) - Ethereum's Internet Of Blockchains Explained - Layer 2

POLYGON (MATIC) - Ethereum's Internet Of Blockchains Explained - Layer 2

So what is Polygon, previously Matic, all about? How will it help with scaling Ethereum? Why does it claim to be Ethereum’s Internet of Blockchains? And why is it sometimes compared to Polkadot and Cosmos? You’ll find answers to these questions in this video.

So what is Polygon, previously Matic, all about? How will it help with scaling Ethereum? Why does it claim to be Ethereum’s Internet of Blockchains? And why is it sometimes compared to Polkadot and Cosmos? You’ll find answers to these questions in this video.

Before the rebranding to Polygon, the project was known as Matic or Matic Network.

Matic was started in 2017 by 3 founders who were active participants in the cryptocurrency community in India and decided to band together and tackle Ethereum’s scaling problems.

The team worked on 2 main solutions: Plasma Chains - a layer 2 scaling solution based on Matic’s implementation of Plasma and a PoS Chain - a Proof-Of-Stake Ethereum sidechain.

The token behind Matic Network - MATIC - was distributed through the Binance Launchpad’s initial exchange offering in April 2019 and the team was able to raise $5.6M.

After over 2.5 years of work, The Matic Network Mainnet went live in mid-2020 and quickly started attracting more and more attention. This was supercharged by the increasing gas fees on Ethereum that showed an urgent need for finding robust scaling solutions.

At the beginning of 2021, the Matic team decided to expand the scope of their project and rebranded themselves to Polygon.

Polygon aims at creating a more generalised scaling solution.

🙌 Gitcoin Grant ► https://gitcoin.co/grants/1158/finematics-defi-education

ethereum blockchains

Bootstrap 5 Complete Course with Examples

Bootstrap 5 Tutorial - Bootstrap 5 Crash Course for Beginners

Nest.JS Tutorial for Beginners

Hello Vue 3: A First Look at Vue 3 and the Composition API

Building a simple Applications with Vue 3

Deno Crash Course: Explore Deno and Create a full REST API with Deno

How to Build a Real-time Chat App with Deno and WebSockets

Convert HTML to Markdown Online

HTML entity encoder decoder Online

Blockchain Certification | Blockchain Training Course | Blockchain Council

In all the market sectors, Blockchain technology has contributed to the redesign. The improvements that were once impossible have been pushed forward. Blockchain is one of the leading innovations with the ability to influence the various sectors...

Blockchain Certifications | Online Training & Courses | Blockchain Council

Blockchain Council is a group of Blockchain experts offering Online Blockchain Certifications and Training to Blockchain enthusiasts all over the globe. Join us today!

Certified Blockchain Expert™ | Blockchain Certification | Blockchain Council

A Certified Blockchain Expert is a professional who understands Blockchain technology profoundly and can build Blockchain-based applications for businesses. This blockchain certification aims to impart in-depth practical knowledge in Blockchain technology.

5 Blockchain Applications That Have Transformed the World of Technology

The blockchain is the decentralized database of the blocks of information, which gets recorded in the chain format and linked in a secured crypto graphical manner. This technology ensures proper safety of the data due to its secure nature, and it totally changes how people carry out transactions. It also brings about a faster and secure process of validating information needed to establish reliability.

Blockchain Certification | Blockchain Training Course | Blockchain Council

Training courses for blockchains have become very popular. The software is evolving to become part of the mainstream scheme. The growing need for a safe and secure system is one of the main reasons for this. It also contributed to one of the...