Convert and Swap Polygon MATIC to Bangladeshi Taka BDT
MATIC/BDT: 1 Polygon equals BDT 55.86 BDT
Last update: 4:08 PM, December 23, 2024
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Polygon is falling this week.
The current price of Polygon is BDT 55.86 per MATIC. With a circulating supply of 1,913,783,718 MATIC, it means that Polygon has a total market cap of BDT 107,398,700,591.47. The amount of Polygon traded has risen by BDT 29,488,494.05 in the last 24 hours, which is a 5.67% increase. Additionally, in the last day, BDT 520,296,479.00 worth of MATIC has been traded.
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About Polygon
Polygon was formerly called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain. The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.
Polygon, formerly known as Matic Network, is a platform designed to facilitate the development and scaling of Ethereum-based applications. It aims to address some of the key challenges faced by the Ethereum network, including slow transaction speeds, low transaction throughput, and high transaction fees. At its core, Polygon utilizes a modular, flexible framework known as Polygon SDK, which supports the creation of multiple types of applications. The platform's native token, MATIC, is used for payment services within the Polygon ecosystem and as a settlement currency between users.
Polygon operates on a dual-layer structure consisting of a proof-of-stake (PoS) checkpointing layer and a block producer layer. The PoS layer validates blocks and periodically submits proofs (Merkle roots) of the blocks to the Ethereum mainchain, providing a high level of decentralization. The block producer layer, on the other hand, is responsible for creating blocks at a rapid pace, enabling fast and low-cost transactions. This unique architecture allows Polygon to achieve up to 65,000 transactions per second on a single side chain, with a block confirmation time of less than two seconds.
Polygon's infrastructure is designed to support a wide range of decentralized applications (DApps) without the typical drawbacks associated with proof-of-work blockchains. Its high transaction speed and low cost make it an attractive platform for developers looking to build scalable DApps. Furthermore, Polygon's compatibility with Ethereum allows developers to leverage Ethereum's existing developer community and ecosystem. The platform also supports the creation of optimistic rollup chains, ZK rollup chains, and standalone chains, providing developers with the flexibility to create the infrastructure they need.
Polygon was launched in October 2017 by co-founders Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. Prior to establishing its own network in 2019, the Polygon team made significant contributions to the Ethereum ecosystem, including the implementation of the Plasma MVP, the WalletConnect protocol, and the Dagger event notification engine. The team's commitment to enhancing the Ethereum ecosystem, coupled with their innovative approach to scalability and infrastructure development, has helped Polygon become a key player in the cryptocurrency space.
How Polygon and Bangladeshi Taka differ
Polygon and Bangladeshi Taka are two distinct forms of currency, each with its unique characteristics and uses. Polygon, previously known as Matic Network, is a digital platform that facilitates the development and scaling of Ethereum-based applications. It aims to tackle challenges such as slow transaction speeds, low transaction throughput, and high transaction fees that are common in the Ethereum network. Its native token, MATIC, is used for payment services within the Polygon ecosystem and as a settlement currency between users. On the other hand, the Bangladeshi Taka (BDT) is the official currency of Bangladesh, a physical form of money used for traditional transactions. Unlike Polygon, which operates on a dual-layer structure consisting of a proof-of-stake (PoS) checkpointing layer and a block producer layer, the Bangladeshi Taka is regulated by the Bangladesh Bank, the country's central bank. While Polygon's infrastructure supports a wide range of decentralized applications (DApps) and aims to achieve up to 65,000 transactions per second on a single side chain, the Bangladeshi Taka is used for everyday transactions in Bangladesh and does not have the same technological capabilities.
Frequently asked questions
How much is 1 Polygon in BDT?
Right now, 1 Polygon is worth about BDT 55.86.
How much MATIC could I buy for 1 BDT?
Based on the current rate, you could get 0.0179 MATIC for 1 BDT.
How much has the price of Polygon changed?
Polygon price has been declining. Since yesterday, the exchange rate of Polygon has decreased. Since last month, the exchange rate of Polygon has decreased. Since this time last year, the price of Polygon has decreased.
How do I calculate or convert MATIC to BDT?
You can use our MATIC to BDT calculator at the top of this page to convert any amount of MATIC to BDT. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 BDT is equivalent to 0.0895 MATIC. Inversely, 5 MATIC will cost about BDT 279.30
How can I buy 1 Polygon on Coinbase?
Polygon is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Polygon.
Buy Polygon with Coinbase
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MATIC to Bangladeshi Taka conversion tables
The exchange rate of Polygon is increasing.
The current value of 1 MATIC is BDT 55.86 BDT. In other words, to buy 5 Polygon, it would cost you BDT 279.30 BDT. Inversely, BDT 1.00 BDT would allow you to trade for 0.0179 MATIC while BDT 50.00 BDT would convert to 0.8951 MATIC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 21.1%. Meanwhile, in the last 24 hours, the rate has changed by 0.06%, and that the the highest exchange rate of 1 MATIC to Bangladeshi Taka was BDT 58.48 BDT and the lowest 24 hour value was 1 MATIC for BDT 54.97 BDT. This time last month, the value of 1 MATIC was BDT 71.57 BDT, which is a 20.79% increase from where it is now. Looking back a year, Polygon has changed by BDT 94.18 BDT. That means that in a single year, the value of Polygon has shrank by 44.88%.
MATIC to BDT performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
BDT 56.22 BDT | 0.06% | BDT 71.21 BDT | -21.10% | BDT 71.57 BDT | -20.79% | BDT 94.18 BDT | -44.88% |
MATIC to BDT
Amount | Today at 4:08 pm |
|---|---|
0.5 MATIC | BDT 27.93 |
1 MATIC | BDT 55.86 |
5 MATIC | BDT 279.30 |
10 MATIC | BDT 558.59 |
50 MATIC | BDT 2,792.97 |
100 MATIC | BDT 5,585.94 |
500 MATIC | BDT 27,929.72 |
1,000 MATIC | BDT 55,859.44 |
BDT to MATIC
Amount | Today at 4:08 pm |
|---|---|
0.5 BDT | 0.0090 MATIC |
1 BDT | 0.0179 MATIC |
5 BDT | 0.0895 MATIC |
10 BDT | 0.18 MATIC |
50 BDT | 0.90 MATIC |
100 BDT | 1.79 MATIC |
500 BDT | 8.95 MATIC |
1,000 BDT | 17.90 MATIC |
Today vs. 24 hours ago
Amount | Today at 4:08 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 MATIC | BDT 27.93 | BDT 28.23 | -1.05% |
1 MATIC | BDT 55.86 | BDT 56.45 | -1.05% |
5 MATIC | BDT 279.30 | BDT 282.26 | -1.05% |
10 MATIC | BDT 558.59 | BDT 564.52 | -1.05% |
50 MATIC | BDT 2,792.97 | BDT 2,822.61 | -1.05% |
100 MATIC | BDT 5,585.94 | BDT 5,645.21 | -1.05% |
500 MATIC | BDT 27,929.72 | BDT 28,226.05 | -1.05% |
1,000 MATIC | BDT 55,859.44 | BDT 56,452.10 | -1.05% |
Today vs. 1 month ago
Amount | Today at 4:08 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 MATIC | BDT 27.93 | BDT 35.85 | -22.09% |
1 MATIC | BDT 55.86 | BDT 71.69 | -22.09% |
5 MATIC | BDT 279.30 | BDT 358.47 | -22.09% |
10 MATIC | BDT 558.59 | BDT 716.94 | -22.09% |
50 MATIC | BDT 2,792.97 | BDT 3,584.68 | -22.09% |
100 MATIC | BDT 5,585.94 | BDT 7,169.36 | -22.09% |
500 MATIC | BDT 27,929.72 | BDT 35,846.78 | -22.09% |
1,000 MATIC | BDT 55,859.44 | BDT 71,693.57 | -22.09% |
Today vs. 1 year ago
Amount | Today at 4:08 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 MATIC | BDT 27.93 | BDT 51.35 | -45.61% |
1 MATIC | BDT 55.86 | BDT 102.70 | -45.61% |
5 MATIC | BDT 279.30 | BDT 513.52 | -45.61% |
10 MATIC | BDT 558.59 | BDT 1,027.03 | -45.61% |
50 MATIC | BDT 2,792.97 | BDT 5,135.17 | -45.61% |
100 MATIC | BDT 5,585.94 | BDT 10,270.33 | -45.61% |
500 MATIC | BDT 27,929.72 | BDT 51,351.66 | -45.61% |
1,000 MATIC | BDT 55,859.44 | BDT 102,703.31 | -45.61% |
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