How polygon did this from unknown to world's top 15 cryptocurreny‪.‬ Abhay Prajapati - Converzation

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Hello everyone, we all have witnessed and seen the vertical demand of Polygon in a limited time and saw them growing from being one of the unknown coins at a time to planet's top 15 cryptocurrencies in less than a year and got attention from many companies like Google, Infosys and government projects for future, even attracted investors like Mark Cuban the american billionaire also found his interest in it, and seeing a surge in user requests has led cryptocurrency exchanges like CoinSwitch Kuber, WazirX to list the currency on their platforms.
So let's have a drive to it and see how they started this from scratch……

It all was started when polygon’s founder was working as a Data scientist with housing.com in late 2017, and at those times their rarely was any crypto enthusiast’s, only few cryptocurrencies were known in market Bitcoin and ethereum,


here doing one of his side project Jayanti founder their a great demand for ethereum and it has great traffic but it takes hefty charges and a good amount of time for giving confirmation for the transaction seeing this Jayanti thought, why not work on such project which can limit the duration for the transaction and also eliminate those hefty charges to larger extend for ethereum, having this in mind Jayanti started meeting his colleagues and working team member who had good knowledge about cryptography and then teaming up with Sandeep Nailwal and Anurag arjun they became aware about the sidechain, which can help them creating such a method which would eliminate the transaction time for ethereum , somewhat technical,
This worked very well for Matic as this leads to businesses like Aave a De fintech lending platform, has also started working with polygons and today’s Aave's valuation is more than 5 billion Dollars.


In the initial days polygon didn't raise money, they gave matic tokens to the investor in exchange, and even they didn’t raise money from Indian investors or venture capitalist these things were done with foreign companies.

Recently, as the people got aware about cryptography and blockchain they too started investing in ethereum which eventually gave rise to polygon (Matic).

At present polygon is making its network strong rather focusing on revenue streams with the mind set that, if their network is strong enough then they can make money later also.

So this was the 4 years story of matic in under 5 minutes and today they have reached a valuation of around 11 to 15 billion.




Also i will recommend to watch interview of polygon’s founder on yourstory which is 30 minutes long and n deep; which covers the detail from ideation of polygon to it building team's to platforms, also recommend you an article on economics times which was How India-based Polygon(MATIC) outperformed other major cryptos i have linked these to in the down below..


So that is from my side; for more content stay tuned to the podcast follow along and ...byby.









mes.indiatimes.com/markets/cryptocurrency/heres-how-india-based-polygonmatic-outperformed-other-major-cryptos/articleshow/83329658.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst