Matic Price - MATIC/AUD : $0.32189
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What is Matic (MATIC)?
Polygon (formerly known as Matic Network) is a protocol for developing and connecting Ethereum-compatible blockchain networks. It is a layer 2 (L2) scaling solution designed to improve the overall adoption of the Ethereum blockchain. Polygon’s scaling solution supports a complete multi-chain ecosystem, ensuring that there is interoperability amongst one another and the Ethereum network.
With Ethereums current proof-of-work consensus protocol, the network can suffer from congestion, slow transaction speeds and low throughput. This can often lead to high gas fees (transaction fees) for users. Polygon has swiftly become a prominent feature amongst numerous DeFi protocols with multi-platform adoption continuing each day. Dampening such network effects, Ethereum users seeking a fluid DeFi experience (i.e low fees and fast transaction times) are adopting Polygon.
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Trending cryptocurrencies
- XRP (XRP)Aud 3 .41922+2.88%
- Bitcoin (BTC)Aud 165,470 .90+2.3%
- Ethereum (ETH)Aud 3,896 .00+5.43%
- USD Coin (USDC)Aud 1 .52187+0.41%
- Dogecoin (DOGE)Aud 0 .25741+6.05%
- Tether USD (USDT)Aud 1 .52319+0.23%
- Solana (SOL)Aud 234 .1855+3.41%
- Cardano (ADA)Aud 0 .89490+7.46%
How we treat client assets
No commingling of customer funds: we keep client assets completely separate from our own.
1:1 reserves
We maintain a full 1:1 reserve of all client fiat and crypto assets.
We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.
Audited
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
Segregated funds
We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.
We keep your assets safe. That is our promise.
Sole custodian
Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.
We adhere to industry best practices and never lend or trade your assets.