Polygon (MATIC) Price Prediction 2023–2025, update 22th of April

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What is Polygon (MATIC)?

Polygon, formerly known as Matic Network, is a Layer 2 scaling solution for the Ethereum blockchain. It is an open-source project that aims to address some of the limitations of the Ethereum network, such as high transaction fees, slow confirmation times, and low throughput.

MATIC is the native utility token of the Polygon ecosystem. It is used for various purposes within the network, including paying for transaction fees, participating in the proof-of-stake consensus mechanism, and governance.

Polygon employs a combination of technologies to achieve its scaling objectives:

1. Plasma Chains: These are child chains that run parallel to the Ethereum main chain, offloading some of the transaction processing and enabling higher throughput. The Plasma framework ensures the security and finality of transactions on these chains.
2. Proof of Stake (PoS) Chain: This is a separate PoS blockchain that serves as a checkpointing layer for the Plasma chains. Validators on this chain verify the transactions from the Plasma chains and submit checkpoints to the Ethereum main chain.
3. ZK-Rollups: A technology that allows the aggregation of multiple transactions into a single proof, which is…