Polygon Market Cap Reaches $771.66 Million (MATIC)

Polygon (CURRENCY:MATIC) traded 0.9% lower against the US dollar during the 24 hour period ending at 20:00 PM ET on February 20th. During the last seven days, Polygon has traded up 38.9% against the US dollar. Polygon has a market capitalization of $771.66 million and $847.14 million worth of Polygon was traded on exchanges in the last 24 hours. One Polygon coin can now be bought for about $0.16 or 0.00000277 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

Polygon Profile

Polygon is a coin. Its genesis date was March 26th, 2018. Polygon’s total supply is 10,000,000,000 coins and its circulating supply is 4,966,397,110 coins. The Reddit community for Polygon is https://reddit.com/r/maticnetwork and the currency’s Github account can be viewed here. Polygon’s official Twitter account is @maticnetwork.

According to CryptoCompare, “Matic provides scalable, secure and instant transactions using sidechains based on an adapted implementation of Plasma framework for asset security and a decentralized network of Proof-of-Stake (PoS) validators. In short, it allows anyone to create scalable DApps while ensuring a superior user experience in a secure and decentralized manner. It has a working implementation for Ethereum on Ropsten Testnet. Matic intends to support other blockchains in the future which will enable it to provide interoperability features alongside offering scalability to existing public blockchains. Matic Network is expanding tech scope and mission and becoming Polygon — Ethereum’s Internet of Blockchains. Existing Matic solutions remain functional and high priority. All the existing Matic solutions and implementations, primarily Matic PoS Chain and Matic Plasma Chains, remain fully functional and will continue to be developed and grown as very important components of the Polygon ecosystem. These implementations will not be impacted or changed in any way, and no action is required from developers or end-users. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.  See the official announcement. Polygon is a easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting two major types of solutions:Secured chains (aka Layer 2 chains): Scaling solutions that rely on Ethereum for security instead of establishing their own validator pool. Stand-alone chains (aka Sidechains): Sovereign Ethereum sidechains, normally fully in charge of their own security, i.e. with their own validator pool. “

Buying and Selling Polygon

Polygon can be traded on these cryptocurrency exchanges: . It is usually not currently possible to buy alternative cryptocurrencies such as Polygon directly using US dollars. Investors seeking to acquire Polygon should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Polygon using one of the exchanges listed above.

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