What is Polygon?

Polygon is a multi-chain scaling solution for Ethereum-compatible blockchain networks. Formerly known as Matic Network, Polygon aims to provide faster and cheaper transactions, increased scalability, and a better user experience for decentralized applications (DApps) and users on the Ethereum ecosystem.

Key Features:

• Layer 2 Scaling Solution for Ethereum
• Multiple Sidechains with Interoperability
• Fast and Low-Cost Transactions
• Scalable Decentralized Applications (DApps)
• Economic and Incentive Mechanisms

Use Cases:

Polygon is used for building and deploying DApps that require high throughput and low fees, transferring assets across multiple chains, participating in decentralized finance (DeFi) applications, and enjoying a seamless experience within the Ethereum ecosystem.