Polygon (formerly known as Matic Network) is an Ethereum-compatible blockchain platform that focuses on scalability and security.
It aims to solve the scalability issues of the Ethereum network by providing fast and low-cost transactions. Polygon uses a layer 2 scaling solution that runs on top of Ethereum and supports a variety of consensus mechanisms such as Proof of Stake (PoS) and Proof of Work (PoW).
Polygon’s network comprises multiple interconnected chains, known as Polygon chains, which provide a high degree of modularity and flexibility. This allows developers to create and deploy their decentralized applications (dApps) on Polygon, without dealing with the Ethereum network’s limitations.
Polygon also provides a suite of tools and services for developers, such as Polygon SDK and Polygon Loom, which make it easier to build and deploy dApps on the Polygon network. Additionally, Polygon has implemented several security measures to ensure the safety of the network, including regular audits and bug bounties.
