Polygon
About Polygon
A Layer 2 scaling solution for Ethereum. Originally called Matic Network. Polygon uses sidechains and Plasma to process transactions off the Ethereum mainnet, reducing fees and increasing speed. MATIC tokens are used for staking and governance. Polygon has been rebranded as a general purpose blockchain development platform. Major brands including Starbucks, Nike, and Reddit have used Polygon for Web3 initiatives. The Polygon network processes more transactions than Ethereum mainnet, demonstrating the demand for Layer 2 scaling.
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