Matic now polygon

A technology called Polygon (formerly known as Matic Network) is intended to increase a blockchain network's capacity for scaling. By implementing its Proof-of-Stake sidechain to increase throughput, it enhances the speed and security of a blockchain network (with speeds of up to 10,000 transactions every second on a single side chain).

Users can conduct transactions using Polygon's native token (MATIC), which also supports staking and validates participation. Holders of MATIC tokens can still collect from staking and earn rewards while having others validate on their behalf. Users of the proof-of-stake system will receive MATIC tokens in exchange for using their tokens as collateral.

MATIC token
A Polygon native token, MATIC enables network governance by allowing token holders to vote on Polygon improvement proposals (PIPs). Additionally, MATIC tokens can be used to stake money and pay for gas. There are 6,330,554,997 MATIC tokens in existence right now. There can't possibly be more than 10,000,000,000 MATIC tokens accessible on the market, though, as it is a cryptocurrency with a finite quantity.