{"id":13303,"date":"2021-06-01T17:07:29","date_gmt":"2021-06-01T11:37:29","guid":{"rendered":"https:\/\/zebpay.com\/?p=13303"},"modified":"2021-06-01T17:07:29","modified_gmt":"2021-06-01T11:37:29","slug":"matics-journey-to-polygon-and-beyond","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/matics-journey-to-polygon-and-beyond","title":{"rendered":"MATIC\u2019s journey: To Polygon and beyond!"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/matics-journey-to-polygon-and-beyond\/#The_Scalability_Problem\" title=\"The Scalability Problem\">The Scalability Problem<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/matics-journey-to-polygon-and-beyond\/#Polygons_Solution\" title=\"Polygon\u2019s Solution\">Polygon\u2019s Solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/matics-journey-to-polygon-and-beyond\/#Its_MATIC_its_MATIC\" title=\"It\u2019s MATIC, it\u2019s MATIC!\">It\u2019s MATIC, it\u2019s MATIC!<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><strong>A little less than a year ago, we listed Polygon (then called Matic) on ZebPay. In the first 24 hours following its launch, it was #2 in trade volume, beating all but Bitcoin in volume that day. The Polygon Network has had a highlight-filled journey in the past one year. Most recently, the MATIC token entered the list of top 20 cryptocurrencies worldwide by market cap, making its co-founders India\u2019s first crypto billionaires. We say there\u2019s plenty more to come!<\/strong><\/p>\n\n\n\n<p>I have a personal connection with <a href=\"https:\/\/zebpay.com\/in\/buy-polygon\/\" target=\"_blank\" rel=\"noreferrer noopener\">MATIC<\/a>, too &#8211; it was the first coin launch I worked on at ZebPay.<\/p>\n\n\n\n<p>But what makes MATIC so special?&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">It&#39;s matic, it&#39;s matic! <a href=\"https:\/\/t.co\/1j0lnB5PaL\" target=\"_blank\">pic.twitter.com\/1j0lnB5PaL<\/a><\/p>&mdash; ishan (@IshanVyas638) <a href=\"https:\/\/twitter.com\/IshanVyas638\/status\/1394903425872105475?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 19, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-scalability-problem\"><span class=\"ez-toc-section\" id=\"The_Scalability_Problem\"><\/span><strong>The Scalability Problem<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Scalability is one of blockchain\u2019s central problems. Any blockchain solution can process a handful of transactions at a time fairly efficiently. However, to build a solution that maintains this same level of efficiency at a global scale is a difficult task.<\/p>\n\n\n\n<p>Ethereum is currently our best solution, offering reasonable efficiency and the largest-scale blockchain network. Today, the Ethereum network can process about 13 transactions per second, which translates to 5 lakh transactions every day.&nbsp;<\/p>\n\n\n\n<p>With this said, it is clear that Ethereum\u2019s current setup is not a sustainable long-term solution. Transactions take a long time to clear and paying for every basic function is expensive and creates a poor user experience. For context, Visa\u2019s centralised payment network can process up to 50 million transactions per day.<\/p>\n\n\n\n<p><a href=\"https:\/\/zebpay.com\/blog\/how-ethereums-eip-1559-affects-you\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Upgrades like EIP-1559 do offer improvements<\/a>, but the network still suffers from a lack of scalability.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-polygon-s-solution\"><span class=\"ez-toc-section\" id=\"Polygons_Solution\"><\/span><strong>Polygon\u2019s Solution<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When Matic first launched in 2017, its goal was comparatively modest in its scope. The initial objective was to build a platform which developers would find easy to build on, by improving Ethereum\u2019s architecture.<\/p>\n\n\n\n<p>The solution was to move the load of processing transactions to a sidechain. The project ensured security by deploying their Plasma framework, and a decentralised network of Proof-of-Stake validators. Matic\u2019s performance speaks for itself:<\/p>\n\n\n\n<ul><li>Onboarded 80+ applications<\/li><li>Powered ~7M+ transactions for ~200k user addresses<\/li><li>Secured $75M+ of users\u2019 funds<\/li><li>Awarded $1M+ to developers<\/li><\/ul>\n\n\n\n<p>In February 2021, the project announced it would be rebranding to <a href=\"https:\/\/polygon.technology\/about\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Polygon<\/a>. The rebrand came with an increase in project scope. Polygon was to become Ethereum\u2019s Internet of Blockchains, building on its existing solutions to offer:<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">5\/ In addition to the currently implemented Matic PoS Chain and Plasma Chains, Polygon will offer:<br><br>&#8211; Other major scaling solutions such as zkRollups, Optimistic Rollups, Validium etc.<br>&#8211; Inter-chain communication protocols<br>&#8211; Bleeding-edge data availability solutions<br>&#8211; And more..<\/p>&mdash; Polygon | Aggregated (@0xPolygon) <a href=\"https:\/\/twitter.com\/0xPolygon\/status\/1359206763095076866?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">February 9, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Of this, one improvement is already live of the proposed improvements is already live. Polygon SDK is a modular and extensible framework for building Ethereum-compatible blockchain networks, written in Golang.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-it-s-matic-it-s-matic\"><span class=\"ez-toc-section\" id=\"Its_MATIC_its_MATIC\"><\/span><strong>It\u2019s MATIC, it\u2019s MATIC!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Through all these evolutions, the role of $MATIC has remained constant &#8211; securing the system and enabling governance. Indeed, its role has expanded, a fact made clear by the rise in its price. Many crypto experts believed MATIC had been undervalued for a long time, considering the important value and function it provides at virtually no cost.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/FWu37njCIIqT7buPco1IKLynKAVSxa5YsQcSVq24gdwYtgdlPObUtg0HZxF9iKIR1efx7DskUHzEIJ_mpWmI2SBjRK_uF_C2icXzB2V6WV4W7j7eXipcP5ayQ1TlBndc4L1F8BoF\" alt=\"\" width=\"460\" height=\"460\"\/><\/figure><\/div>\n\n\n\n<p>With co-founder Sandeep Nailway making the headlines with the <a href=\"https:\/\/zebpay.com\/blog\/the-crypto-relief-story\/\" target=\"_blank\" rel=\"noreferrer noopener\">Crypto Relief Fund<\/a>, and investments to partner with Mark Cuban\u2019s Lazy.com NFT marketplace &#8211; the sky may just be the beginning for MATIC.<\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-dots\"\/>\n","protected":false},"excerpt":{"rendered":"<p>The Polygon Network has had a highlight-filled journey in the past one year. We say there\u2019s plenty more to come!<\/p>\n","protected":false},"author":1,"featured_media":13304,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14],"tags":[135],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/13303"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=13303"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/13303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/13304"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=13303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=13303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=13303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}