polygon logo download PNG or SVG

Information about polygon

Crypto currency Polygon, formerly known as Matic Network, is a popular scaling solution for Ethereum. It is an open-source protocol that aims to address the limitations of Ethereum by enhancing its scalability, usability, and security.

Polygon achieves this by utilizing a Layer 2 solution, which allows for faster and cheaper transactions compared to directly using the Ethereum mainnet. It offers a framework for building and connecting Ethereum-compatible blockchains, called sidechains or "Polychains." These sidechains can execute transactions and smart contracts independently while staying connected to the Ethereum mainnet, benefiting from its security and decentralization.

The network also introduces various scaling techniques like Plasma chains, Optimistic Rollups, and more, to ensure high throughput and low fees. Additionally, Polygon provides developers with a wide range of tools and infrastructure to easily create and deploy decentralized applications (DApps).

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