We are addicted to crypto… and our aim is to stimulate the masses!
Welcome to Crypto-STIM! As we learn, you learn. Each week we vape the 5 unique attributes that make each new crypto we find tantalizing and addictive.
MATIC for ALL?
To get started, we know that Matic is now Polygon, but we know too the token is still MATIC so we left the logo in our image. However we do really like the new Polygon Logo too!
In any case, we find no point in beating bushes, so let us get straight to the point.
1. It’s Focused: On Simplicity
This particular crypto is all about integration with simplicity as it seeks to simplify the complexities that are found in scaling crypto products and instant transactions. It does this by building on its proof of staking (PoS) mechanism as a means of securing the blockchain. Special nodes on the network called validators, stake (lock up) MATIC (the tokens) collateralizing the network’s consensus mechanism. For this, they receive more MATIC in return.
2. Built Off Ethereum For Access To All
Built off of one of the most secure and proven blockchains: Ethereum. Provides the structure for a variety of DeFI (Decentralized Finance) protocols to get access to the ecosystem as many are already accustomed to programming in the language developers in Ethereum use to design smart contracts. Access continues to be a focus as Matic has become Polygon. The ultimate goal: an interconnected landscape.
3. Stylish Plasma
A unique tech collection of proof-of-stake checkpoints, sidechains, that allow for a high number of transactions per block: 65,536 to be exact! Basically, a fancy way to move between the root chain (main/parent chain) and child (off-shoot) chains. This is what allows all those fancy interconnections in 2 above!
4. Halfway to the Max
Matic has a maximum number of tokens set at 10 billion. We are nearly halfway there as of 05.12.21. The current actual number of Matic is 4,877,830,774. This is great news for those who love the scarcity aspect that some cryptos possess. Plus, we are getting the end fast as they predict the close of minting to occur by end of 2022!
5. Secured, Expansive Scalability
Polygon is fantastic in that it intends to use a variety of technological solutions to achieve the ultimate ecosystem for scalability: PoS Chain, Plasma Chains, ZK Rollups & Optimistic Rollups included. Ultimate scalability, with heavy redundancy, working to achieve low cost transacting! Whew!
Special thanks today to Polygon, Decrypt.co and CoinMarketCap.com for helping us take in a little MATIC. The best thing is when you learn, we learn, and we all get the buzz. Full Disclosure, we are long MATIC.
See you next time on BCB Cyber.