{"id":6460,"date":"2021-11-25T17:48:07","date_gmt":"2021-11-25T14:48:07","guid":{"rendered":"https:\/\/www.paribu.com\/blog\/?p=6460"},"modified":"2026-01-16T12:33:36","modified_gmt":"2026-01-16T09:33:36","slug":"polygon-matic-explained-in-6-easy-steps","status":"publish","type":"post","link":"https:\/\/www.paribu.com\/blog\/en\/cryptocurrency\/polygon-matic-explained-in-6-easy-steps\/","title":{"rendered":"Polygon (MATIC) Explained in 6 Easy Steps"},"content":{"rendered":"<p><strong>Polygon is an Ethereum-based platform that was created with an aim to provide a solution for scalability problems. Its former name and current symbol are MATIC.<\/strong><\/p>\n<h3><strong>1. When was it founded and by whom?<\/strong><\/h3>\n<p>Formerly known as MATIC, Polygon was created by a team who have previously contributed to Ethereum&nbsp;blockchain&nbsp;network and it was launched into the market in October 2017. The co-founders of Polygon team are Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.<\/p>\n<h3><strong>2. MATIC&rsquo;s infrastructure<\/strong><\/h3>\n<p>MATIC is a platform built on Ethereum network. It has a plasma framework that was developed for the management of smart contracts in a scalable and autonomous manner. Its operation aims to improve the layout built on Proof of Stake (PoS) consensus mechanism and Plasma.<\/p>\n<h3><strong>3. What does it offer to users?<\/strong><\/h3>\n<p>MATIC is a platform that is often defined as a &ldquo;Layer 2 scaling solution&rdquo; in Ethereum ecosystem. It introduced various innovations to Ethereum network such as scalability to a greater ecosystem, reducing block confirmation time of transactions carried out on the chain, and hosting unlimited number of decentralized apps.<\/p>\n<h3><strong>4. Can MATIC be mined?<\/strong><\/h3>\n<p>MATIC is not a type of cryptocurrency&nbsp;that allows mining activities.<\/p>\n<h3><strong>5. All-time low, all-time high (ATH), and total supply<\/strong><\/h3>\n<p>MATIC&rsquo;s all-time high price was $2.68 on May 18<sup>th<\/sup>, 2021 while all-time low price was $0.003012 on May 9<sup>th<\/sup>, 2019.&nbsp; Circulating supply of the cryptocurrency is 6,303,422,325 MATIC and the total supply is 10,000,000,000 MATIC.<\/p>\n<h3><strong>6. How to trade MATIC on Paribu?<\/strong><\/h3>\n<p>By clicking on the link, you can trade MATIC on Paribu.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon is an Ethereum-based platform that was created with an aim to provide a solution for scalability problems. Its former name and current symbol are MATIC. 1. When was it founded and by whom? Formerly known as MATIC, Polygon was created by a team who have previously contributed to Ethereum&nbsp;blockchain&nbsp;network and it was launched into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[212],"tags":[],"class_list":["post-6460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=6460"}],"version-history":[{"count":1,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6460\/revisions"}],"predecessor-version":[{"id":22839,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6460\/revisions\/22839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/media\/24624"}],"wp:attachment":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=6460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=6460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=6460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}