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Polygon
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.