Polygon
Matic MultiSig Cold Wallet
Polygon (MATIC) MultiSig Wallet
Download Ownbit wallet to secure your ERC20 assets now! Store MATIC and ERC20 tokens in Ownbit cold wallet now.
MATIC/ERC20 MultiSig Wallet
About Polygon (MATIC)
What is
Polygon is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more.
Features
You can picture Polygon as being like an express train on a subway — it travels along the same route as the regular train, but it makes fewer stops and thus moves much faster. (In this analogy the main Ethereum blockchain is the local train.) Polygon uses a variety of technologies to create this speedy parallel blockchain and link it to the main Ethereum blockchain.
To create new MATIC and secure the network, Polygon uses a proof-of-stake consensus mechanism — which means that one way you earn money on MATIC you hold is via staking.
Recovering
Different wallets may implement Polygon support (generating MATIC address) in a different way. Ownbit uses uses the same address of ETH for MATIC address. i.e. BIP44 path: m/44'/60'/0'/0/0 for generating the MATIC address. For recovering ETH / ERC20 assets in other wallets, or vice versa, you may export / import by ETH private key.
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