This time we’d like to introduce this magic pair Matic vs Algo that can land you good earnings for your portfolio. Both projects are pretty unknown, so let’s get started with an overview of each of them.
Polygon in brief
Polygon, originally known as the Matic Network, is a scaling solution that seeks to provide many solutions to increase the speed, cost, and complications of blockchain transactions. At the heart of Polygon’s idea is Ethereum, a platform that hosts a variety of decentralised apps, including virtual worlds, gaming, art purchases, and financial services. However, the amount of activity on Ethereum’s blockchain has rendered it nearly unworkable, as transmission costs are growing and traffic is becoming choked.
Polygon bills itself as a layer-2 network, which means it is an add-on layer to Ethereum that does not intend to alter the original blockchain layer. Polygon, like its geometric namesake, has numerous sides, shapes, and applications, and it promises a simpler structure for developing interconnected networks.
Polygon wants to help Ethereum grow in size, security, efficiency, and utility, and it wants to encourage developers to bring appealing products to market as soon as possible. Polygon kept its MATIC cryptocurrency, the digital coin that powers the network, after the rebranding. MATIC is utilised as a payment and settlement unit amongst network participants.
Algo in brief
Algorand (ALGO) is a digital currency as well as a blockchain platform. The Algorand platform is meant to process a large number of transactions quickly, much like big payment processors such as Mastercard or Visa. Furthermore, Algorand may host other cryptocurrencies and blockchain-based projects, putting it directly in competition with Ethereum. The platform’s native currency, ALGO, is used to secure the Algorand blockchain and pay transaction fees for Algorand-based transactions.
Algorand is an open-source blockchain, which means that anybody can access and contribute to its code. Algorand employs a pure proof-of-stake (PoS) operating protocol that recruits network validators from a pool of users.
Silvio Micali, a cryptographer and lecturer at the Massachusetts Institute of Technology, founded the Algorand platform and coin in 2017. ALGO’s total quantity is set at 10 billion coins, with around 7 billion ALGO already in circulation.
Market data
With a $444 553 323 USD trading volume over the course of a day, the current live Polygon price is $1,23 USD. We continuously update the price of MATIC in US dollars. In the past 24 hours, Polygon has decreased by,45%. With a live market cap of $10 748 168 133 USD, CoinMarketCap is ranks #10 in the world. It has a maximum supply of 10,000,000,000 MATIC coins and a circulating circulation of 8 734 317 475 MATIC coins.
The price of Algorand is currently $0,2678, and its 24-hour trading volume is $67,65 M. In the last day, ALGO has increased by 2,59%. It is currently 15,92% higher than its 7-day low of $0,2311 and 2,17% lower than its 7-day all-time high of $0,2738. 7,22 billion ALGO are now in circulation, with a maximum supply of 10 billion ALGO.
Where to exchange
Nowadays, there are hundreds of exchanges on the Internet. But at a time of cyber threats, data safety is critical. That is why it makes sense to look for platforms that do not require registration. This is where Godex.io comes in. You can perform any number of operations with any trading volume without having to sign up.
Picks for you:
The system comes with many perks. You can exchange and trade any amount of cryptocurrency. Users have the most optimal rates out there, and the fees are fixed at the beginning and during the transactions.
There are over 200 cryptocurrencies available, and, most importantly, you can check how much you’ll get at the end thanks to the cryptocurrency converter. Enjoy using the platform and make it a trusted partner for your business.