Polygon

More About Dynamic Mining's Node Network Offerings

Overview

Formerly known as the Matic Network, Polygon is a blockchain platform that aims to increase the speed and reduce the cost and complexities of most blockchain networks. Polygon is a Layer 2 blockchain network, meaning it was built on top of the Ethereum blockchain. Polygon wants to help networks such as Ethereum expand in size, security, efficiency, and usefulness. The currency on the Polygon network is called MATIC. The native currency is used in transactions between users as well as for settlement between participants interacting in the network.

The team at Polygon wants to encourage developers to bring creative and innovative products to the market much quicker. We believe that products in the Web3 space, such as the ones Polygon are encouraging, are the future. At Dynamic Mining, we are inclined to support large, community-based networks. We are excited to share this amazing opportunity with you.

Scalability

Polygon’s robust architecture, such as its layer 2 scaling solution, achieves seamless transaction speed and cost savings by utilizing side-chains for transaction processing.

Speed

Polygon is an agile network that supports transaction speeds up to 65,000 tx/s. This is significantly faster than it’s base network, Ethereum, that supports 15 tx/s.

Security

Polygon’s structure is non-custodial, meaning users have complete control over their private keys. The network is also built on Ethereum, so users have added security.

Cost

Polygon’s Proof of Stake design allows its fractional costs, resulting in the per-transaction costs being approximately 10,000 times cheaper than Ethereum.

Network Economics

Token holders earn rewards for staking their tokens and validating transactions

0.92 USD

Token Price

7,390m USD

Market Capitalization

2.15b USD

Total Value Locked

Validating

Running a validator with Polygon will help support the network. Validating transactions on Polygon helps create new blocks on the chain. As a reward, participants receive MATIC as a reward from a reserve to promote maintaining the validator.

Staking

Staking on Polygon is the primary way to get selected to add the next block to the chain. Tokens are held for approximately 21 days before receiving the initial staked tokens and the rewards. Staking is a completely safe way to grow your MATIC pool, especially if it is being held long-term.

Delegation

MATIC users can delegate their stake to a Polygon stake pool in order to validate blocks on the network. Staked MATIC is secure and cannot be affected by the stake pool owner. If the stake pool is selected, the reward is split among all the individuals who delegated to the stake pool.

6.58 %

Network APR

7.96%

Avg commission fee

0 MATIC

Minimum stake

21 Days

Lockup period

Stake With Us

Join us in supporting innovative blockchain networks

Security

Security is our top priority. We only ask for the necessary information from clients. Our team makes sure that our infrastructure stays secure.

Regular Updates

We provide regular updates on the performance of our nodes. Our clients are able to access statistics on their staked tokens at any time.

Fast performance

We use the most competitive equipment for our services. With our node operators, you are guaranteed top performance.

Reliable Support

Our team is always monitoring our infrastructure and we are prepared to handle any issue the moment that it arises.

UNLIMITED

All you may need

-29.99

month

UnlimitedDomains

100GBStorage

UnlimitedEmail addresses

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Frequently Asked Questions

Have more questions about staking? Check out the FAQ below and feel free to reach out to us with any unanswered questions

What is Staking and Delegating?

Staking is the process of holding tokens on a validator node in a network. This provides token holders with the opportunity to earn extra income from their digital assets.

Delegating is when a token holder gives their tokens to a third party or public validator node. With delegating, physical ownership of equipment is not required. Rewards for delegating are split among the public validator and the individual who delegated their tokens.

How do I participate in Staking?

The quickest way to participate in staking is by delegating your tokens to a public node. With delegating, powerful computing and technical knowledge are not required to bring in profits.

Is there risk in delegating MATIC?

Validators are penalized when they miss too many blocks or double sign a block by getting the amount staked on the validator slashed. Validators are incentivized to never let this happen as their capital is on the line, however, this risk will always exist.

Do you lose your ownership after MATIC is delegated?

You are not giving away ownership of MATIC by delegating. Validators will never have the ability to move your MATIC.