#2 Polygon (MATIC)
Polygon (MATIC-USD), Ethereum’s leading scaling solution, will essentially allow more transactions to be done cheaper than on the Ethereum blockchain.
The native token MATIC on this network is the ERC-20 token that runs on the ETH blockchain. It allows owners to vote on management proposals and also secures the platform.
Recently, some catalysts have emerged for Polygon that is worth mentioning. The native token for the MATIC network rose over 20% after news broke of Polygon’s entry into the Disney accelerator program. At one point, the token rose from $0.5291 to $0.6504, a massive jump of 20,568%. Remarkably, at the time of writing, the symbol is still on the rise.
Ethereum is one of the most promising cryptocurrency projects and being pegged to Polygon is certainly a great boon. It is worth noting that as cryptocurrencies enter the mainstream, multi-chain functionality will become increasingly important, so this cryptocurrency platform has significant potential.
In addition to working with the Ethereum network, Polygon is also backed by two giants in the cryptocurrency industry – Binance and Coinbase.
Polygon could be the solution developers need to deploy dApps faster, cheaper, and more efficiently.