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
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, MATIC would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of MATIC might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including MATIC.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.
