Polygon (matic) Price: 0.565231$ 
MultiversX (egld) Price: 24.88$Polygon (MATIC)
Overview
Polygon, previously known as Matic Network, is a well-structured and easy-to-use platform for Ethereum scaling and infrastructure development. It provides the Polygon SDK, a modular and flexible framework that allows the creation of various types of applications. With Polygon, developers can build Optimistic Rollup chains, ZK Rollup chains, standalone chains, or any other infrastructures required.
Polygon transforms Ethereum into a full-fledged multi-chain system, similar to other platforms like Polkadot, Cosmos, and Avalanche. It leverages Ethereum's security, vibrant ecosystem, and openness to enable scalability and support a larger ecosystem. Existing applications built on the Plasma-POS chain will continue to function without any changes, while new features will be developed to cater to diverse needs.
The $MATIC token remains active and plays a crucial role in securing the system and enabling governance.
Key Details
- Name: Polygon (MATIC)
- Asset Platform: Ethereum
- Categories: @Binance Launchpad, Alleged SEC Securities, Smart Contract Platform, BNB Chain Ecosystem, Polygon Ecosystem, Harmony Ecosystem, Moonriver Ecosystem, Moonbeam Ecosystem, Ethereum Ecosystem, Layer 2 (L2), Zero Knowledge (ZK)
- Market Cap Rank: 13
- Price Change (30 Days): +13%
MultiversX (EGLD)
Overview
MultiversX, formerly known as Elrond, is a technology ecosystem for the new internet. It offers a smart contracts execution platform capable of processing 15,000 transactions per second (TPS) with low latency and minimal transaction costs. The focus of MultiversX is on fintech, DeFi, and IoT applications.
One of the key applications within the MultiversX ecosystem is the Maiar money and DeFi app. It provides a user-friendly and intuitive experience for blockchain newcomers, offering progressive security measures and gamified features to unlock additional functionalities.
The MultiversX ecosystem operates on a Proof of Stake economic model with a limited supply of tokens. The native token, eGold, is designed to serve as a digital store of value for the next billion users.
Key Details
- Name: MultiversX (EGLD)
- Asset Platform: Unknown
- Categories: @Binance Launchpad, Layer 1 (L1), MultiversX Ecosystem, Protocol, Smart Contract Platform
- Market Cap Rank: 53
- Price Change (30 Days): -24.85%