Polygon

MATIC

About Polygon

Polygon is a blockchain platform built alongside Ethereum and provides higher transaction throughput, lower transaction fees and different proof-of-stake consensus mechanism.

Polygon and its native token MATIC can be considered a "layer 2" blockchain, as it relies on Ethereum at the most basic level, but provides on some of the technical shortcomings of Ethereum, namely the transaction performance and cost.

Polygon network and tooling is popular for building decentralized apps (including decentralized finance apps), non-fungible tokens (NFTs) and "regular" ERC-20 style tokens.

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