Polygon

MATIC

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Polygon
Polygon (formerly known as the Matic Network) is a Layer-2 solution on the Ethereum network. Using sidechains, it offers scalable, safe, and immediate transactions. Polygon optimizes for asset security and makes use of a decentralized network of Proof-of-Stake (PoS) validators, based on a modified implementation of the Plasma framework. Polygon enhances the utility of the Ethereum blockchain by dramatically boosting its network scalability and overall transaction speed. Developers of decentralized applications (DApps) can take advantage of the Polygon network's quick and inexpensive transactions. The Polygon Network's native ERC-20 token MATIC is used for governance, staking, and payment of transaction fees, among other things. MATIC can be kept in a custodian and cryptocurrency wallet.
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