Reasons for the birth of Polygon & MATIC
With the rapid development of the cryptocurrency industry, various projects have emerged.
The number of users of chain games, DeFi, NFT, and Metaverse has reached new highs. Currently, about 70% of DeFi projects are running on Ethereum, and more and more people around the world are running on it.
There are more than one million DeFi and Ethereum wallet users, and the surge in users has brought unprecedented pressure to Ethereum.
Ethereum has only one chain, and all projects must run on this blockchain equally, which not only consumes a lot of resources, but also causes congestion.
The maximum TPS (number of transactions per second) of Ethereum is 15 transactions/second, which is no longer able to meet the growing user needs, and the Ethereum blockchain has become extremely congested. For example, Crypto Kitties, which was very popular back then, due to the popularity of the game, user transaction volume once accounted for 25% of the entire Ethereum transaction volume, directly squeezing Ethereum to a standstill.
Everyone’s transactions are blocked on the chain. In order to obtain faster transaction speeds, some people have begun to increase the gas fee, so that miners will preferentially process transactions with higher fees. Over time, everyone began to increase handling fees to improve execution speed. As a result, Ethereum’s handling fees became more and more expensive.
In addition, in 2016, THE DAO project suffered a hacker attack, and the hackers stole approximately 3.7 million Ether. In the end, Ethereum had to use a hard fork to recover the losses. This incident caused a lot of controversy at the time. adverse effects.
At present, Ethereum has several major problems:
Thetransaction throughput is Ethereum’s TPS (number of transactions processed per second) is up to 15 transactions/second, which is far from theFailure to meet user needs.
B.Pooruser experience. Currently, Ethereum has only one chain, and all projects run on this chain, causing great congestion and gas fees.
C.Thereis no autonomy, all projects rely on a unified In order to solve these problems, many teams have begun to explore solutions, hoping to develop a blockchain that represents Ethereum: to relieve the pressure on Ethereum, while continuing to use the Ethereum ecosystem, including polygon.
Polygon Aiming to make additions around the Ethereum blockchain, the purpose is to help Ethereum make the ecosystem To become stronger and bigger, rather than replacing Ethereum, it can also be called Ethereum’s helper. Gas fee is high Low transaction Throughput No autonomy
Introduction to Polygon & MATIC
Polygon & MATIC was founded by three young Indians. Polygon’s mission and vision is to establish a blockchain ecosystem that can achieve large-scal adoption of Web3.0 technology.
Polygon is a public chain built on Ethereum’s Layer 2 scaling solution. Compared with Ethereum, Polygon’s speed, scalability, availability and ga5 fees are more advantageous.
The number of smart contracts deployed on Polygon now greatly exceeds that of Ethereum. The transaction speed of Ethereum is 15TPS. The transaction speed of Polygon has reached 7200TPS. In terms of single-ay transaction volume, Polygon now has more than 5 million transactions per day, while Ethereum only has about 1.2 million transactions. This is reflected in the cost and the transaction procedures of Polygon. The fee is only 0.01% of Ethereum.
Currently, Polygon has generated 130 million addresses and completed 1.8 billion transactions, helping Ethereum users save an average of US$150 million in transaction fees every day.
Matic is the native token on the Polygon blockchain. All operations on the Polygon chain require Matic tokens as gas fees. Each gas transaction requires MATIC tokens equivalent to approximately $0.01-0.02 US dollars.
Released in April 2019, it has a very high degree of global consensus and a very large number of users. It has long been ranked among the top 10 most popular mainstream cryptocurrencies in the world. There is huge room for growth in the future, and it is expected to become the next Ethereum-level star token.
The future prospects of Polygon & Matic coins
Polygon is one of the most promising Layer2 solutions currently and is also one ofthe most advanced application absorbers. One of the strongest plans, its development prospects have attracted much attention.
For developers, or DApp, smart contract and other projects, Matic undoubtedly provides a relevantWhen it is ecologically friendly, this greatly improves the usability of the Polygon platform. According to information from Polygon’s official website, Xu currently has more than 37,000 users on the Polygon platform.DApp application.
MATIC DAD Naturally, these applications include projects such as DeFi, GameFi, NET, etc. Since so many applicable projects are built on the Polygon platform, there must be many users entering the Polygon platform in the future.
In addition, Polygon’s transaction performance and low transaction fees naturally make itThe number of users participating in the platform has further improved. Therefore, looking at it from this perspective, I have to say that the future prospects of Polygon feel…It has great potential for development. And this can naturally drive up the price of Matic currency.
Overview of MATIC DAO
In order to let more people use Plygon and promote MATIC coin, the Polygon team established different decentralized organizations (DAC) to create a diversified ecosystem in terms of technology application and community promotion.
MATIC DAO is Co-initiated by many Polygon & MATIC believers in India, its mission values are: to provide a safe, stable and long-term platform for ordinary cryptocurrency players, to help ordinary players who do not understand technology enter Web3.0 and create wealth in Polygon & MATIC.
MATIC DAD perfectly integrates the three major advantages of MATIC, DEFI, and DAO. Use MATIC to pledge and mine to produce MATIC. After releasing 2 times the pledge limit, you need to re-stake and mine (small cycle), or you can accelerate the mining speed through community evangelism. in case the mining pool runs out of mining, the DEFI subsidy mechanism will be automatically activated for liquidation.
After the calculation is completed, the contract is opened, and all new and old players begin to pledge for mining again (big cycle). Dual cycle dual turbine drive, safe, stable, long-lasting and endless.MATIC DAD Double cycle MATIC DAO is now in the initial public beta stage and has quickly gained recognition and trust from the majority of MATI coin enthusiasts.
Now many MATIC coin enthusiasts from India, Singapore, South Korea, Malaysia, China, Vietnam and other countries and regions are actively participating. , especially those believers who are optimistic about MATIC coins in the long term, can not only enjoy the MATIC coins in their hands through the advantages of DAO’s model, and not be affected by the volatile short-term market conditions; they can also continue to increase their holdings through staking and placement.
MATIC coin, I believe that MATIC DAO will do better and better in the future, and more MANC coin enthusiasts will create wealth and gain wealth in MATIC DAO.
Matic market enthusiasts are actively participating, especially those who are optimistic about MATIC coins in the long term.
Not only can they take advantage of the DAO model to hold the MATIC coins in their hands and not be washed away by the volatile short-term market; they can also use pledges and The way of preaching continues to increase the MATIC coins in hand.
I believe that MATIC DAO will do better and better in the future, and more MATIC coin enthusiasts will create wealth and gain wealth in MATIC DAO.
Advantages of MATIC DAO
1.Using MATIC coins as the evangelistic target, the Polygon public chain has wideapplications, strong scalability, and high speed.The advantages of fast operation and low gas fees will definitely drive the price of MATIC currency to continue to rise. At the same time, project sponsors do not need to worry about the market value management of MATIC currency. In the next bull market, MATIC coins are likely to reach more than 500/coin, and conservatively it will be changed to 100/coin, so that all participants can make money.
2.Zero bubble, safe, stable and long-term: the death of all Internet financial projectsThe problem is that the bubble cannot be eliminated: MATIC DAO uses a mining pool to automatically start the DEFI subsidy mechanism for liquidation and replenishment in case it is exhausted.After the posting and liquidation are completed, the contract will be restarted to scientifically eliminate bubbles, completely solve the industry’s bubble pain points, and achieve safetyMake big money in a stable and long-term way.
3.Multiplesubsidy protection mechanisms are innocuous: in the past, once a financial project collapsed, the last participant would foot the bill, even losing all their money, and evangelistic promoters would also suffer a huge loss of connections.
MATIC DAO is the world’s first welfare contract and DEFI subsidy mechanism, which allows subsequent players to earn more. As long as the MATIC currency rises, all participating players will make money, so that no one is left at the bottom and no one is hurt.
4.Restartmechanism, Life and death: All projects will last from birth to This is the inevitable law of the development of things. However, many investors who participate in a project only want the profits when the project is alive and do not want the risks when the project dies. It is a very immature investment psychology to deceive oneself and others. MATIC DAO informs you in advance
It is a very immature investment psychology to deceive oneself and others. MATIC DAO informs you in advance There are potential risks for participants and restart rules.
If the mining pool runs out of mining, the welfare contract and DEFI will be activated immediately. The subsidy mechanism performs subsidy liquidation, and then the contract is restarted and continues to prosper.
The long-term layout of mainstream coins is the way to go: using past experience to summarize, coins of a thousand times or ten thousand times can be encountered but not sought. Only by carefully analyzing the application logic and commercial value behind the token, the long-term layout has the potential to become a mainstream currency and continue to grow. Only by increasing the chips in your hands can you make big money when the bull market comes.
MATIC DAO Polygon (MATIC)Participating in MATIC DAO will be the only way to obtain millions of MATIC before the next bull market in the currency circle.