Polygon
| Specifications | Details |
|---|---|
| Platform (underlying architecture) | Layer 2 |
| Consensus Algorithm | Proof-of-Stake |
| Ecosystem | Ethereum |
| Token | POL |
| Native Token Ticker | $POL |
| Smallest Unit | wei (1 ETH = 10^18 wei OR 10^9 Gwei) |
| ARR or APY | ~5% |
| Max Supply | 10B (capped supply) |
| Delegation Requirements (Min-Max) | Minimum - No minimum limit but validators can set the minimum limit Maximum - No limit |
| Stake Activation Period | None |
| Reward Distribution Period | 1 Checkpoint (lesser than 1 hour) |
| Compounding | Manual |
| Compounding Frequency | Can be redelegated as rewards earned |
| Unbonding Period | 80 Checkpoints (~3-4 days) 1 checkpoint ≤1 hour |
| Lockup Period | None |
| Penalties and Slashing | No slashing |
| Burn Mechanism | Base fee of every transaction is burned |
| Validator Self-Bond Requirement | 1 POL |
| Inflation | ~13% |
| Validator Set Diversity | Currently only 105 validators comprise the active set |
| Governance Mechanism | Off-chain governance |
| Smart Contract Support | Yes |
| Smart Contract Programming Language | Solidity |
| Cross-chain Compatibility (Interoperability) | Yes |
| TPS (Transaction Throughput) | ~1000 TPS (theoretically limit ~7200 TPS) |
| Transaction Finality | ~2-3 seconds |
| Link to Explorer(s) | https://polygonscan.com/, https://explorer.bitquery.io/matic |
| Testnet Faucet | https://faucet.polygon.technology/ |
| Figment’s Public Validator Address | 0x6ae6c540c7b110d5c01cb9bc23297a013f9f4982 |
| Figment Staking Guide | HERE |
| Figment Supported MEV Relay | Fastlane |
| Recommended Wallet(s) | Ledger, Metamask |
| CoinGecko Profile | https://www.coingecko.com/en/coins/polygon |
Updated 11 months ago
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