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Polygon Chain: 0x0000000000000000000000000000000000001010
Blockchain development
Vision: Provide a unifying platform for the creation, transfer, and trade of digital assets.
- Polygon (formerly Matic Network) is a layer-2 scaling solution for Ethereum
- It is a framework that allows developers to build and connect Ethereum-compatible blockchain networks. Polygon uses a Proof-of-Stake (PoS) consensus mechanism.
- Polygon was founded in 2017, The project was originally called Matic Network, and it was launched as a sidechain of Ethereum. In 2021, Matic Network was rebranded as Polygon.
- The fees on Polygon are significantly lower than the fees on the Ethereum mainnet. This is because Polygon uses a different consensus mechanism and because it is not as congested as the Ethereum mainnet. The average transaction fee on Polygon is around $0.0003, while the average transaction fee on the Ethereum mainnet is around $0.05.
Jaynti Kanani is the CEO of Polygon. He is a serial entrepreneur with over 10 years of experience in the technology industry. Jaynti is responsible for the overall vision and strategy of Polygon.
Sandeep Nailwal is the CTO of Polygon. He is a software engineer with over 15 years of experience in the blockchain industry. Sandeep is responsible for the technical development of Polygon.
Anurag Arjun is the COO of Polygon. He is a business development executive with over 10 years of experience in the technology industry. Anurag is responsible for the business development and marketing of Polygon.
Polygon official blockchain explorer, Where users can get query about Assets, Addresses on Polygon ecosystem
$500K was raised in the Seed round by Binance Labs, Spartan Group, and Woodstock Fund.
$15M was raised in the Public Sale Option A (Series A round) by Binance Labs, Sequoia Capital India, SoftBank Ventures Asia, and Galaxy Digital.
$50M was raised in the Public Sale Option B (Series B round) by Tiger Global Management, Steadfast Ventures, and Jump Capital.
$100M was raised in the Public Sale Option C (Series C round by SoftBank Vision Fund 2, Galaxy Digital, and Republic Capital.
$450M was raised in the Public Sale Option D (Series D round) by Sequoia Capital India, SoftBank Vision Fund 2, and Tiger Global Management.
Total reported funding: 551 M
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