Word of the Day | MATIC

Word of the Day | MATIC

MATIC is like the gas that keeps the Polygon blockchain / network running. Here's how it works:

• MATIC is Polygon's currency: Think of it like tokens you use to pay tolls on the extra lane. Every transaction on Polygon requires a small amount of MATIC.
• Keeps things running: MATIC is used to pay validators who secure the Polygon network and keep things running smoothly.
• Governance: People who hold MATIC get a say in how Polygon develops. They can vote on changes and upgrades to the network.

Polygon is an ‘extra lane’ alongside the Ethereum blockchain and MATIC is the fuel that makes it possible to use that lane efficiently and securely.

https://www.dbm.academy/faq for more blockchain vocabulary.