MATIC is the main token of the Polygon network, an L2 scaling solution for Ethereum. The Polygon network is designed to provide faster and cheaper Ethereum transactions using secure L2 solutions and autonomous sidechains.
Using the keys from the Ethereum wallet, you can use both tokens on the Ether blockchain and on the Polygon blockchain.
MATIC is the main token in the polygon network, just as Ether is the main token in the ether network. Without the MATIC token, you will not be able to perform operations on the polygon network.
Let's create a wallet for MATIC storage together.
Step 1. Go to MetaMask and click the «Download for Chrome» button.
Step 2. Click the «Add to Chrome» button and install the extension to your device.
Step 3. Once the extension is installed, it will open in a new window. Click the «Get Started» button.
Step 4. Agree with the terms of usage of MetaMask by clicking «I agree».
Step 5. Click the «Create a Wallet» button.
Step 6. Come up with a strong password and set it. Then press «Create».
Step 7. Watch the video about secret recovery phrase for the safety of your funds and then go next.
Step 8. Save the 12-word recovery phrase in a secure place.
You will need it to quickly regain access to your wallet. It is better to save the phrase in several places: without it, if the password is lost, it will be impossible to restore access to the wallet even through the support service. And never share this data with anyone!
Step 9. Confirm your Secret Recovery Phrase.
Step 10. Congratulations! You created a MetaMask account. Click «All done». But the work doesn't end here.
Step 11. Let's configure MetaMask to connect to the Polygon Network. Click the arrow next to «Ethereum Mainnet» in the upper right corner. In the new menu click «Add Network».
Step 12. You will see a list of popular networks. Click the «Add» button.
You can also add a polygon mesh manually. More about that on step 15.
Step 13. Approve the addition of the new network.
Step 14. After you have added the Polygon network, you will be prompted to change your network to the one you just added.
Step 15. You can also add a polygon network manually. You need to fill in some details.
🕸 Network Name: Polygon Mainnet
🔗 New RPC URL: https://polygon-rpc.com/
💬 Chain ID: 137
🪙 Symbol: MATIC
📖 Block Explorer URL: https://polygonscan.com/