What is Polygon? How Does It Work? A Complete Guide to Matic

What is Polygon? How Does It Work? A Complete Guide to Matic

What Is Polygon (MATIC)? Polygon, formerly known as Matic Network, is an Ethereum layer-2 scaling solution. Polygon is a blockchain that increases scalability and speed by processing Ethereum transactions on a separate layer. Polygon is a leading layer-2 solution that is competing with the likes of Arbitrum and Optimism. Its native MATIC token has grown…

Polygon’s Secret Deal with DraftKings: Millions For a Failed Validator

Polygon’s Secret Deal with DraftKings: Millions For a Failed Validator

In early 2022, DraftKings became a network validator for Polygon blockchain, marking a significant milestone for the sports-betting company as the first major publicly-traded firm to take an active role in blockchain governance. However, what was not disclosed at the time was that Polygon was paying DraftKings millions of valuable MATIC tokens to do so….