Polygon, a decentralized L2 scaling solution created to bring mass adoption to the Ethereum network.
Polygon is an Ethereum/EVM compatible sidechain and scaling solution. It provides a protocol for building and connecting stand-alone and secured blockchains to Ethereum. Polygon improves the functionality of the Ethereum blockchain by drastically increasing its network scalability and overall transaction speed.
Polygon uses its own Proof-of-Stake Commit Chain connectivity to help scale the Ethereum network, and seeks to solve inefficiencies that may hinder widespread adoption of blockchain technology.
MATIC, Polygon’s native token, is used for paying gas fees, participate in governance and secure the network through staking incentives.