Polygon (POL) is a digital currency launched in 2023, following the transition from MATIC. It’s designed to improve the performance and efficiency of the Ethereum network, used to pay fees and power services on Polygon, while enabling faster and lower-cost transactions fully compatible with Ethereum
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POL is the new native token of the Polygon network, replacing the former MATIC token. It is used for transaction fees, participating in the network’s security mechanisms, and operating the various sub-networks built on Polygon. POL is designed to support a large and expanding ecosystem and strengthen Polygon’s ability to scale into a modular blockchain infrastructure.
Polygon operates as a Layer 2 scaling solution for Ethereum, offering low fees, high transaction speeds, and broad support for diverse projects. It provides multiple scaling technologies to deliver flexibility and efficiency for all types of applications, while reducing the load on Ethereum. The combination of Ethereum’s security with a smooth user experience has made Polygon especially popular.
The transition from MATIC to POL is intended to support a more advanced economic and architectural model. POL enables the operation of many networks running in parallel (multi-chain) and makes natural scaling possible without overwhelming a single chain. MATIC still exists and remains supported during the transition phase, but POL is designed to become the primary token of the upgraded ecosystem.
Polygon allows developers to rely on Ethereum’s strong security while benefiting from lower fees and higher throughput. Its infrastructure supports large-scale applications such as gaming, NFTs, DeFi, and enterprise systems. The variety of network types gives builders the freedom to choose the balance they want between performance, cost, and security.
POL is used to pay gas fees, participate in network security through staking, and operate Polygon’s sub-networks. It plays a central role in running the multi-layer model that Polygon is developing. This makes POL a core utility asset for activity across the entire Polygon ecosystem.
In Israel, POL can be purchased through regulated service providers such as Bits of Gold, which operate in compliance with local regulations. After purchasing, many users choose to store their tokens in Bits of Gold’s 'Managed Cold wallet'. The service is free and provides multiple layers of security and protection against operational mistakes. Cold storage, fully isolated from the internet, offers long-term holders enhanced safety and peace of mind.
Polygon helps distribute Ethereum’s network load across side-chains and rollup solutions, preventing congestion on the main chain. Its multi-layer architecture significantly reduces transaction costs and improves processing speed. This makes Polygon a key component in enabling Ethereum to scale effectively.
Yes. POL is designed to support a model where dozens or even hundreds of networks operate simultaneously, share security, and coordinate assets efficiently. Its purpose is to serve as the “fuel token” for interconnected chains, enabling the growth of large-scale, modular systems throughout the Polygon ecosystem.
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