Polygon (MATIC) Price, WIKI, News and History
What is Polygon? (MATIC)
Polygon, previously known as Matic Network, is like a helper for Ethereum. Ethereum is a popular platform for different online activities, but as more people use it, it becomes slow and expensive.
So, Polygon comes in as a solution. Think of it like an extra layer on top of Ethereum, making things faster and cheaper without changing how Ethereum works. It's like adding a speed boost.
Polygon has its own cryptocurrency called MATIC. People use MATIC to pay for things and settle transactions on the Polygon network.
Who Created Polygon?
Polygon started in India in 2017 as the Matic Network, an idea from experienced Ethereum developers like Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.
It officially launched in 2020 and quickly gained attention from big players in decentralized finance (DeFi), such as Decentraland and MakerDAO. In February 2021, they changed the name from Matic Network to Polygon.
In April 2019, during its initial offering, the Polygon team raised around $5.6 million by selling 1.9 billion MATIC tokens over 20 days. This helped fund the development of the Polygon network.
Polygon price today, MATIC to USD live price Chart
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