hi everyone it's guy here and welcome to our channel in today's video we're
going to hear about one of the most stock products in the world
polygon and also you're going to learn about the matic token and how you are as a developer will
be able to build a scalable user-friendly d-app with low transaction fees without
ever sacrificing on security so make sure to watch till the end please notice our disclaimer
since i'm not a financial advisor so this video is for informational and educational purposes only
all right so first of all what is polygon so polygon is actually a decentralized ethereum
scaling platform that enables developers to build scalable user-friendly d-apps
with low transaction fees without ever sacrificing on security one advantages for polygon is actually
polygon believes in web3 for all and if you don't know what is wep3 you will be able to watch in our
channel multiple videos that talks about projects that related to web 3. in this website you will
be able to actually find the multiple solutions that polygon actually provides and also you will
be able to see the different roles of the different developers with the efficiency of
polygon that actually solves the high gas fees now in their website that you can get by clicking
the link down below you will be able to see the multiple solutions that actually polygon provides
and actually the problems that it answers and helps to solve and also you will be able to see
the different rows of the developers in here and actually you can click in here and start
building and you will be able to see in this cross platform and powerful design system now one of
the solutions that actually polygon provides is actually polygon edge it's a modular extensible
framework for building private or public ethereum compatible blockchain networks which is great
because if you want to use the advantages of ethereum but to actually avoid high fees and not
to settle on low security so polygon is a great opportunity for a lot of you not only private
businesses but also public now also they have the polygon zero which is actually a
high scalable ethereum compatible zk roll up it uses an incredibly fast reclusive proof system
that is ethereum friendly which means that you don't need to transfer
your business if you're actually using ethereum now about their sustainability so a smart contract
with planet earth so going carbon negative in 2022 and climate positive beyond that it's actually the
green manifesto you can see in here the carbon footprint corporation the different organization
for example microsoft over 10 million and you can see also paypal on 2020 and you can see
polygon and you can see delia and you can see the big difference of actually going carbon negative
in 2022 the positive effects that it will bring to our planet you can see for example that polygon
pledges 20 million dollars to carbon footprint meaning offset carbon footprints for polygon
and buy extra credits to become carbon negative about their resources so they provide resources
for ecosystem partners who want to offset their cardboard fortran as well and also donations
they make the nations easy for ngos and fight climate change which is incredible so if you
want to actually invest in a project that it's not only very very high quality and very smart as you
can actually read also on their different blogs in here and you can learn in their community as well
you can actually also invest in a project that is green and actually planning to support our climate
another great concept in this project is actually their d apps so if you click on their d apps you
will be able to see that they have a lot of pos d apps for example the pos wallet the pos bridge
the pos staking which is actually by the way if you don't know staking means that you can actually
put money and make passive income just by putting your money there exactly like that it will just
increase in value in multiple percentage sometimes it's one and two percent and sometimes it can be
in tens and even hundreds of percentage every single year so make sure that you will be able
to learn exactly in which projects you will invest and we'll do staking and you can actually learn
more in other videos in our channel and also you can see here on the harms the apps that actually
the harmless wallet is also in here and also the harmist explorer and when you will click in here
so you will be able to see that it's actually opened and then you will be able to see different
batches and you can see the transaction of this coordinator and you can see that there is
one transaction for this coordinator and you can actually see the address in here it was more than
a day ago and you can see also the timing here and that way you will be able to actually stay on
point on what is actually going on in here and as you can see that the network status right now is
operational every project that you will actually click in here so you will be able to click and
open and then you will be able to see that you can actually log in with one of your wallets i think
that the easiest one to actually get started is or metamask or actually to use the wallet connect and
then it will be able to do that from your phone and you don't have to do that from your computer
which is very comfortable because you can do it from anywhere around the world
about their communities so a great great great place that you can actually learn more about this
project is actually to go to their twitter and when you click on their twitter you'll be able to
see that they have more than 1.5 million followers and they have a very very engaging community
and some of their posts you can see that they have hundreds of engagements and even more and some of
their projects you can see that they have hundreds of engagements and even more and it's not their
only community like you can actually go to their other communities and to learn much much more as
you saw in their twitter actually you can see the matic token that they talked about now what
is actually matic token so matic is actually the native token of polygon and it is used to govern
and secure the network by staking meaning that it's the currency of polygon apps that enables
users to interact with hundreds of the apps that involves in their ecosystem so their gas token is
actually life blood of polygon chains meaning that when you conduct any transaction or use a
polygon application you will pay a small fee in matic to use the polygon chains and this fee is
an incentive for miners to process and verify that you are trying to do because if you don't verify
the transaction so it's not secure and that's why the employees the proof of stake mechanism
actually uses stakematic tokens to reach consensus of the network and by staking matic
you can secure the polygon network and earn rewards and in this system the threat of losing
your medic decentralized attacks okay because you don't want because you're doing something wrong to
lose your money of course you want to actually earn rewards and you can do that as you said
passively as a miner now about the govern so medic token holders actually enjoy special privilege
on the protocol and the token can actually be used for network participation via governance voting
on polygon improvement proposal meaning that you are part of the community and you have a say and
you have a part meaning that it's not that there is just one person that controls everything but
it's part of a community and when you have part of this and not just you but think about it in a
broader perspective that there are multiple people that knows that they can have a say and they can
actually vote and take part on different decisions of projects so it's actually pushing them to
invest and to believe in this project even more meaning to invest even more money and to talk
about it with others because it's something that they take part of and it's not only financial but
it's also mentally because you feel a part of a community about their medic price statistics so
as you can see 24 hours trading volume is over 300 million dollars the number of unique users is over
127 million and the circulating supply is over 6 billion matic and the total volume that is staked
is over 2 billion dollars as you can see in the market cap is over 4 billion so as you can see is
a very big project and you can see that it's not a small project that thinking maybe for
the short term but they're thinking for the long term now where you can buy and sell medic you can
sell and buy and a lot a lot of places of course in the big places like binance like coinbase like
crypto like ftx and much much more and also on the decentralized exchanges like quick swap
like sushi swap uni swap and much much more and also direct deposits or withdrawal to polygon
and those sites and those sites like ok x and ok coin and you literally just need to click it you
will get to the website when you get to ok x.com you can actually just click on buy crypto and then
search the specific token that you're searching so in this particular situation we're searching
matic which is actually polygon so you just click in here and then you search matic okay and then
you can see in here medic polygon and then you after you sign up you can actually start trading
or purchasing or selling and this is mainly it now one of their very interesting scalable solutions
is actually the polygon evo development and when you click solution and then click in here so
you will be able to get in here and actually read much much more about it and you can actually learn
that is an ethereum scaling solution that is a scalable data availability that is focused on the
blockchain and a core component of the modular blockchain movement coming in the near future
targeted towards off-chain scaling solutions and standalone chains so the modular blockchain
paradigm evo aims to facilitate a complete change in how we approach design of blockchain systems
and avo actually enables modular chain design where a various executions environment can use evo
for data ordering with the combination of those you can actually scale very easily and evo is
actually agnostic to that execution layer which can be the stained alone chain or off-chain
scaling solutions that use avo and the application hosted on these execution layers enjoyed the full
security of evo which is great because when you have the peace of mind and the security part
you can actually direct your attention on the other things that you have to focus on and that
way you can have peace of mind and the security part give your full attention to the other things
that you know that you have to focus in order to improve your business in the best way possible and
also scale it with less problems and more solution in your mind so for summary if you're interested
in polygon which is a decentralized ethereum scaling platform that enables developers to build
scalable user-friendly d apps with low transaction fees without ever sacrificing on security and you
want to learn more about this project make sure to head over to their website actually to ask their
questions you can do it also on their social media and also to actually go to their blog and actually
to read more in details about different parts in their journey and their growth period and also
to stay notified about their news thanks again for watching this video if you find it helpful
make sure to give us a like and make sure to add any comments with questions that i may
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one that will help you with your cryptocurrency journey that's all for now thanks for being here