Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Polygon (MATIC) is a Layer-2 scaling solution aimed at bringing mass adoption to the Ethereum (ETH) platform. It provides developers with the tools they need to create scalable decentralized applications (dApps) that are both secure and user-friendly.
MATIC is Polygon’s native token and has several key uses within the ecosystem.Read Price Prediction for MATIC for 2023-24 One of its primary functions is to power the protocol through a gas-based mechanism used to pay network fees.
In addition to this, MATIC is also used for network governance, where users can vote on Polygon Improvement Proposals (PIPs), and for security through staking.
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