This blog post may contain references to products or services from one or more of our advertisers or partners. We may receive compensation when you click on links to those products or services.
What is Polygon (MATIC)?
Unlike several other chains, Polygon was architected with EVM compatibility in mind. This has made it very easy for so many top DeFi project to port their services onto Polygon. In fact, Polygon is architected as four layers which can easily interact amongst themselves.
Of the four layers, only the Polygon Networks and Execution layers are mandatory. Polygon Networks are sovereign blockchain networks that serve a specific community. Polygon networks are independent, but can send messages to other Polygon networks using the Polygon Protocol.
What are Polygon Networks?
The Polygon Networks are collectively governed by the Execution layer, which interprets and executes all transactions passed to it from the Polygon Networks layer. The Execution layer itself consists of two sublayers, an Execution Environment that serves as a plug-and-play virtual machine running eWASM, and a smart contracts layer that handles execution logic in EVM.
The Ethereum and Security layers are optional, but useful for interoperability and validation. The security layer can be used by any Polygon network to verify its chain integrity for a fee. The Ethereum layer allows any Polygon network to lean into Ethereum’s smart contracts, to provide functionality like checkpointing, staking, and messaging.
How to buy Polygon (MATIC)?
The most popular and well-respected cryptocurrency exchanges are Coinbase, Gemini, and Crypto. They have been in the industry since the inception of crypto. To buy the crypto you are looking for, simply register for any of the cryptocurrency marketplaces below and claim the bonus sign-up offer as well.
Claim $10 Coinbase Sign-up Bonus
Claim $10 Gemini Sign-up Bonus
Claim $50 Crypto.com Sign-up Bonus. Apply code: fangwallet
Best no-fee crypto app for free mobile trading?
Voyager is a mobile-first, commission-free cryptocurrency exchange trading platform for users around the world. Think of Voyager as the Robinhood equal, but for popular cryptocurrencies. The platform supports well over 50+ cryptocurrencies and continues to add to their robust crypto portfolio. Use the referral code ALB64A to be eligible for the $25 signup bonus after a $100 deposit.
Become an Insider
Editorial Disclaimer: The editorial content on this page is not provided by any of the companies mentioned and has not been endorsed by any of these entities. Opinions expressed here are author's alone
The content of this website is for informational purposes only and does not represent investment advice, or an offer or solicitation to buy or sell any security, investment, or product. Investors are encouraged to do their own due diligence, and, if necessary, consult professional advising before making any investment decisions. Investing involves a high degree of risk, and financial losses may occur.