Polygon (MATIC) is a revolutionary scaling solution designed to enhance transaction speeds and reduce costs on the Ethereum Blockchain network. This article answers two frequently asked questions: What is Polygon (MATIC)? and how to buy Polygon (MATIC) with Turkish Lira (TRY).

What is Polygon (MATIC)?

Polygon is a multi-layered platform that addresses the scalability challenges faced by Ethereum, the leading Blockchain platform for decentralized applications (dApps). Due to increasing network activity on Ethereum, congestion and rising transaction costs have become issues. Polygon serves as a Layer-2 solution, providing additional layers to the Ethereum Blockchain without altering its core features.

At its core, Polygon uses a sidechain network of unique Blockchains interconnected with the main Ethereum Blockchain. These sidechains, created using Polygon’s software development kit (SDK), aim to alleviate congestion on the Ethereum network by processing transactions more efficiently and cost-effectively. Polygon offers various scalability methods for sidechains, including Plasma Chains, zk-Rollups, and Optimistic Rollups.

The Polygon SDK allows developers to create Ethereum-compatible dApps on sidechains and connect them to the main Polygon Blockchain. The main network of Polygon operates as a Proof of Stake (PoS) sidechain where network participants can stake MATIC coins to validate transactions and participate in governance decisions.

MATIC coin is the primary asset of the Polygon network and serves as a unit of payment and settlement among participants in the ecosystem. Developers creating dApps on Polygon often use MATIC coins for transaction fees and other interactions within their applications. Additionally, investors can purchase MATIC coins to support the adoption of Layer 2 solutions for Ethereum scalability or as an investment in the potential growth of the Polygon network.

Polygon offers various advantages for developers, users, and investors. For developers, Polygon provides a scalable and cost-effective platform to create user-friendly dApps on Ethereum. Users benefit from enhanced transaction speeds and lower fees when interacting with dApps built on Polygon.

Many popular dApps are already leveraging the Polygon network for improved scalability and efficiency. Examples include the decentralized exchange Sushi, the prediction market platform Augur, and the data exchange and monetization platform Ocean Protocol.

How to Buy Polygon (MATIC) with TRY?

Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Polygon (MATIC). On Binance TR, where an account can be quickly created, more than 100 cryptocurrencies, including MATIC, can be bought and sold. To buy Polygon (MATIC) with TRY on Binance TR, you can follow these steps:

Open an account on Binance TR by providing basic information such as email address, phone number, name-surname, date of birth, nationality, and Turkish ID number.

Verify your identity by uploading a photo of your ID document and taking a selfie.

Deposit TRY into your Binance TR account through various banks or using FAST for transfers over 50,000 TRY.

Navigate to the MATIC/TRY trading pair on the Binance TR platform and enter the desired price and amount of MATIC you want to buy.

Complete the purchase by clicking the "Buy MATIC" button.

By following these steps, you can easily acquire Polygon (MATIC) using Turkish Lira on the Binance TR platform.