What is Polygon?
Polygon, which was previously known as Matic Network, is a Layer-2 scaling solution for the Ethereum network.
Transactions on Polygon are faster and gas fees are much lower. Polygon achieves this through a combination of several scaling technologies, including its own Proof-of-Stake chain. Without going into technical detail, Polygon essentially does all transactions and computation on separate chains and then uses the Ethereum network for finality.
MATIC is Polygon’s native token, used to pay transaction fees. MATIC can also be staked to support the network and earn a yield.
MATIC, ETH, and other tokens can be transferred between Polygon and the Ethereum mainnet using a bridge. This locks up token Ethereum and issues them on Polygon. When tokens are sent back, it burns the tokens and releases them on the mainnet.
Polygon vs Stoic AI Crypto Trading Bot
Predicting which cryptocurrency will ultimately lead the market is almost impossible
There’s no guarantee that Polygon (MATIC) will still dominate in 5 years. A newer, more efficient technology could attract the majority of developers, users, and capital. Alternatively, a critical flaw in Polygon’s (MATIC) design or ecosystem could hinder its progress altogether.
Instead of trying to predict the winner, a smarter approach is to diversify with a portfolio of potential contenders, including Polygon (MATIC).
This is where Stoic’s AI-powered crypto trading bot comes in. Stoic uses hedge fund-grade quantitative research and advanced algorithms to build and manage a portfolio of crypto assets. By leveraging its automated trading bot, Stoic analyzes price data, returns, volatility, correlations, and other factors to identify coins with high growth potential.
The AI crypto trading bot rebalances the portfolio daily, cutting losses early and taking profits regularly. This eliminates the need for manual research and trading, making Stoic one of the best crypto trading bots for investors looking for a hands-free solution.
Over 15,000 people already trust Stoic to automate their crypto investing with cutting-edge bot trading technology. Whether you're new to crypto or an experienced trader, Stoic offers a seamless way to participate in the market with AI crypto trading.