Polygon POL

On 2024-11-21 the current Polygon price/exchange rate is 0.405687 EUR.

Polygon is a "Layer-2" solution for building and connecting blockchain networks that are compatible with Ethereum.

The goal of Polygon is to scale the Ethereum blockchain network with the help of a multitude of side chains.

As a Layer-2 network, it uses the Ethereum infrastructure and runs alongside it. 

This is why it offers lower transaction costs to the users, and makes the transactions faster.

The protocol offers a wide selection of modules that developers can easily use to set up and configure their own blockchain network.

The Polygon network is powered by a native token MATIC.

At the time of writing this text, there are 9.9 billion MATIC tokens in circulation.

The maximum number of MATIC tokens that will be in circulation is predetermined and amounts to 10 billion.

Polygon is a multi-chain system that solves classic Ethereum blockchain network problems that include bandwidth, scaling, and poor user experience.

Unlike other blockchain networks, Polygon enables the interoperability of different blockchain networks and their chains with the Ethereum network.

These benefits allow developers to develop better and more scalable solutions, which would not otherwise be possible to develop on the Ethereum network alone.

Polygon network is compatible with Ethereum-Virtual-Machine, which allows projects to easily migrate their smart contracts.

Polygon (MATIC) uses a POS (Proof-of-Stake) consensus mechanism to generate new tokens, so it is not possible to mine it in a classic way with the help of hardware.

The Polygon blockchain chain runs in parallel with the Ethereum blockchain network and has its own transaction validators.

Polygon, originally named Matic Network was founded in 2017 in India by four experienced Ethereum developers; Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.

The Polygon blockchain network was launched in 2020 and has attracted many projects in the field of decentralized finance (DeFi).

On the Bitcoin Store platform, you can easily buy Polygon and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

You can store Polygon in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store POL on your own Bitcoin Store Wallet. 

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can: