What is Polygon?
Polygon (formerly Matic Network) is a layer-2 platform that aims at creating a more decentralized scaling solution for Ethereum-based apps without sacrificing security. Its major purpose is to link blockchains to improve Defi technologies and apps. Polygon's Software Development Kit (SDK) is a flexible, versatile framework that can be used to create a variety of Ethereum-compatible dApps.
Features of Polygon
- Polygon is designed to scale Ethereum, improve its usability, and reduce gas fees while not compromising security.
- It is designed to be Ethereum’s internet of blockchains, making it easy for developers to connect across blockchains networks that are Ethereum-compatible.
- Due to the fixed supply, it relies on a token pool allocated to staking rewards to incentivize validators.
Polygon tech for scaling
- PoS Chain. Polygon's main chain provides a proof-of-stake (POS) security layer to blockchains formed on the Polygon network.
- Plasma Sidechains. Polygon uses Plasma, a scaling technology that enables objects to be moved between the parent and child chains using Plasma bridges.
- Optimistic Rollups. The network incorporates a fraud-proof system to allow for near-instant and correct transactions.
- Zk-rollups. Polygon network combines many off-chain transactions into a single transaction using zero-knowledge rollups to ensure that the data forwarded to the main chain is correct.