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Cryptopedia Staff

How Polygon (MATIC) Became a Leader in Layer-2 Ethereum Scaling Development -100

The Polygon crypto network (formerly Matic Network) can help Ethereum developers scale dApps with its advanced Layer-2 solutions and MATIC coins.

MATIC Coin & Layer-2 Polygon Crypto Scaling

There may not yet be a victor of the “scaling wars,” but there are certainly frontrunners.

Polygon (MATIC): A Top Layer-2 Ethereum Scaling Solution

Polygon (MATIC)

Explore our collection of Cryptopedia articles related to Polygon (MATIC). Discover new topics and the latest insights.

Polygon (MATIC) Articles - Cryptopedia | Gemini

Co-Founder & COO, Polygon

Sandeep Nailwal

Sandeep Nailwal is the Co-Founder and COO of Polygon. Sandeep discovered the revolutionary nature of blockchain in 2017 and set his sights on solving for scalability issues.

Cryptopedia - Sandeep Nailwal, Co-Founder & COO, Polygon

Polygon (MATIC)- The Swiss Army Knife of EthereumScaling-100

A look at Polygon (formerly Matic Network), a Layer-2 scaling solution with payment and lending solutions, atomic swaps, and improved dApp and DEX performance.

Polygon Crypto Layer-2 Scaling (Matic Network)

Polygon (MATIC): The Swiss Army Knife of Ethereum Scaling

We are excited to announce the listing of the MATIC/GUSD perpetual contract on Gemini Foundation. Eligible users can now trade the SOL perpetual contract denominated in [Gemini Dollars (GUSD)](https://www.gemini.com/dollar) with up to __100x leverage__.

Gemini Foundation is a non-US derivatives platform that now hosts multiple crypto perpetual contracts for trading, including the BTC/GUSD, ETH/GUSD, XRP/GUSD perpetual contracts and more.

Gemini Foundation’s derivatives product is available in select jurisdictions globally. The full list of available countries can be found [here](https://www.gemini.com/derivatives). It is not available to customers in the United States of America, United Kingdom, or the European Union.

### Opening a Derivatives Account

If you have yet to create a Gemini account and reside in a derivatives-enabled jurisdiction, [sign up for an account here](https://exchange.gemini.com/register "Gemini Exchange") to receive both a spot and derivatives trading account.

For current Gemini spot users in derivatives-enabled jurisdictions, follow the steps below to activate your derivatives account today.

1. [Log on](https://exchange.gemini.com/signin) via desktop or mobile web browser
2. Select the Account drop-down list at the top left of your screen
3. Select “Activate Now” next to the Derivatives Account option to begin the activation process
4. Read and accept the derivatives-specific terms and conditions
5. Transfer GUSD to your derivatives account

For more details, please visit [www.gemini.com/derivatives](https://www.gemini.com/derivatives).

Onward and Upward,

The Gemini Foundation Team

<details>sign up</details>


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Weekly Market Update

Introducing the MATIC/GUSD Perpetual Contract on Gemini's Non-US Crypto Derivatives Platform 

We are pleased to announce that you can now stake [Solana (SOL)](https://www.gemini.com/prices/solana) through [Gemini Staking](https://www.gemini.com/staking), allowing you to seamlessly receive SOL staking rewards in your Gemini account. Gemini Staking now supports staking for [Ethereum (ETH)](https://www.gemini.com/blog/ethereum-eth-staking-coming-to-gemini-on-september-29), [Polygon (MATIC)](https://www.gemini.com/blog/gemini-launches-staking-for-polygon-matic), and Solana (SOL). 

__SOL staking is not available to users in the United States or the United Kingdom.__

<details>sign up</details>

### What Is Staking?

Staking is central to [Proof-of-Stake](https://www.gemini.com/cryptopedia/what-is-staking-crypto-proof-of-stake-pos-blockchains) consensus mechanisms, whereby users pledge crypto to securely validate transactions on a blockchain network. Once validated, users who have staked their crypto receive tokens as a reward. 

There are challenges associated with staking, including selecting or running your own validator node and protecting your private keys to ensure the validators are always connected to the network. Small mistakes can lead to network-imposed penalties and the loss of staked tokens. 

### Staking Crypto on Gemini

At Gemini, we simplify and secure the staking process, allowing you to stake your assets with more confidence in just a few steps. And, we protect your staked assets by reimbursing you for  penalties imposed by validators on your staked tokens.

[Learn how to stake your crypto on Gemini](https://www.gemini.com/staking).  

Gemini Staking helps customers avoid challenges with staking while earning rewards quickly and securely: 

- __Covered Infrastructure Costs and Gas Fees__ — Gemini will cover any expenses associated with staking and unstaking processes.
- __Slashing Protection__ — Gemini will reimburse you for certain penalties imposed in connection with staking.
- __Institutional-Grade Security__ — With Gemini Staking, customers do not need to manage private keys and the associated risks, and can rely on Gemini’s [industry-leading security features](https://www.gemini.com/security). 

You can learn more about how [staking and Proof-of-Stake blockchains work here](https://www.gemini.com/cryptopedia/staking-rewards-pos-blockchains#section-proof-of-stake-explained). 

We are thrilled to continue building out a robust suite of products that enhance your crypto experience as we advance our mission to unlock the next era of financial, creative, and personal freedom. 

Onward and Upward!

Team Gemini

Solana (SOL) Staking Is Now Available on Gemini

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Learn about MATIC

Polygon (formerly known as the Matic Network) is a Layer-2 solution on the Ethereum network. It provides scalable, secure, and instant transactions using sidechains. Based on an adapted implementation of the Plasma framework, Polygon optimizes for asset security and employs a decentralized network of Proof-of-Stake (PoS) validators. Decentralized application (DApp) developers can leverage the Polygon network for its fast transaction speed and low transaction cost.

## Token

MATIC is an ERC-20 token native to the Polygon Network that serves multiple purposes, including paying for transaction fees, staking, and governance.

MATIC can be stored in a crypto wallet and custodian like Gemini.

[Polygon website](https://polygon.technology/)

[Polygon technical documentation](https://docs.matic.network/)

Learn more about Polygon on [Cryptopedia](https://www.gemini.com/cryptopedia):

[Polygon (MATIC): The Swiss Army Knife of Ethereum Scaling](https://www.gemini.com/cryptopedia/polygon-crypto-matic-network-dapps-erc20-token)

View up to date news & the price of Polygon (MATIC) crypto on our Polygon price page and learn how you can buy, sell & trade Polygon on Gemini's trading platform.

Polygon (MATIC) Price - Buy, Sell & View The Price of Polygon Crypto

You can get $15 in the crypto of your choice and earn up to 25% of your friends' trading fees for a year.

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