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The best 5 cryptocurrencies to buy for 2022
Personal financial circumstances play a major role in determining which cryptocurrency to invest in today. Read our tutorial on how to invest in cryptos to get a sense of where you stand.
Polygon (MATIC)
Binary and Coinbase have backed Polygon’s ICO. In this platform, Ethereum is transformed into a multichain system that can be used by anybody. Polygon’s SDK is a modular, adaptable framework that can be used to develop a wide variety of applications, including rollup chains, for example.
Polkadot and Polygon are both multichain systems. Scalability is a major concern for other cryptocurrencies, and this one aims to address it. Block confirmation only takes two seconds and can handle up to 65,000 tps (transactions per second). Polygon’s Plasma framework is capable of hosting an infinite number of decentralized apps.
Polygon is a Layer-2 scaling solution, which means there is no need to modify the existing blockchain. A wide number of DeFi protocols are supported by the sidechains in the Ethereum ecosystem. Polygon’s interoperability might be improved in the future by adding support for more basechains.
MATIC is an Ethereum-based ERC-20 token that’s used to make payments on the Polygon platform.
