Polygon

About

Polygon is a layer-2 scaling solution designed to enhance the scalability and usability of the Ethereum blockchain. It provides a framework for building and connecting Ethereum-compatible blockchain networks, enabling faster and cheaper transactions. Polygon uses sidechains and various scaling technologies like Plasma and Optimistic Rollups to reduce the computational load on Ethereum, thereby increasing transaction speed and lowering costs. Polygon operates with a Proof-of-Stake consensus mechanism, ensuring faster transaction finality and better security. Its modular architecture allows developers to create customized solutions, supporting multiple consensus mechanisms and interoperability between blockchains. Polygon is EVM-compatible, making it easy for developers to transition from Ethereum. It aims to create an interconnected ecosystem, empowering developers and users alike with scalable, cost-effective solutions for decentralized applications.