MATIC to Fiat Converter

Polygon (previously Matic Network) is a structured and user-friendly platform designed for Ethereum scaling and infrastructure development. Its core feature is the Polygon SDK, a modular framework that supports building various types of blockchain applications.

Polygon enables developers to create optimistic rollups, ZK rollups, standalone chains, and other infrastructure tailored to their needs. By doing so, it transforms Ethereum into a multi-chain ecosystem, similar to networks like Polkadot, Cosmos, and Avalanche—while leveraging Ethereum’s security, ecosystem, and openness.

The $MATIC token remains integral to the network, serving roles in security and governance. As an ERC-20 token, MATIC is used for payments, settlements within the ecosystem, and covering transaction fees on Polygon sidechains.

Polygon combines the Plasma Framework (proposed by Ethereum co-founder Vitalik Buterin) with a proof-of-stake (PoS) blockchain architecture. This hybrid approach supports scalable smart contracts while maintaining compatibility with existing Plasma-POS chains.

Key features of Polygon include:
- High throughput (up to 65,000 transactions per second on a single sidechain).
- Fast block confirmation (under two seconds).
- Support for decentralized applications (DApps) without the limitations of proof-of-work blockchains.

Polygon has already attracted numerous DApps to its PoS-secured Ethereum sidechain, reinforcing its position as a scalable solution for decentralized finance (DeFi) and other blockchain-based applications.

For more details on Polygon’s technology and use cases, explore our in-depth guide.