what is matic coin and history matic coin

Matic Network, now known as Polygon, is a technology aimed at making Ethereum more. It helps Ethereum handle further deals briskly and with lower costs. Let's take a quick look at how Matic Network got started.

 

 

Foundation and Launch Matic Network was created in 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. They wanted to break the problem of Ethereum being slow and precious for deals.

original Coin Offering( ICO) In April 2019, Matic Network raised plutocrat through an original Coin Offering( ICO). This plutocrat was used to develop their technology for making Ethereum more.

Mainnet Launch The mainnet of Matic Network went live in May 2020. This mainnet added a sidechain to Ethereum, making deals briskly and cheaper.

Rebranding to Polygon In February 2021, Matic Network changed its name to Polygon. This change was not just about the name; it showed that they had bigger plans to make Ethereum indeed better by using multiple blockchains.

Polygon's pretensions Polygon helps Ethereum by furnishing a way for different blockchains to work together. This means that inventors can produce apps that work on Ethereum and other blockchains. Polygon has different corridor, like Proof of Stake chains and standalone chains, to make Ethereum briskly and more.

In short, Polygon, formerly known as Matic Network, is working to ameliorate Ethereum by making it briskly, cheaper, and more protean for inventors.
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