Established in 2017, Polygon is a network for Ethereum scaling and infrastructure development. Combining the Plasma Framework and the Proof-of-Stake architecture, Polygon enables building and connecting Ethereum-compatible blockchain networks.
Its native token, MATIC, helps to secure the system and enable governance. The company is planning to release all the tokens by December 2022. Its core component is Polygon SDK, which presents itself as a flexible framework supporting building multiple types of applications.
3. Characteristics of Polygon (MATIC)
Polygon enables its users to create optimistic rollup chains, ZK rollup chains, stand-alone chains, or any other kind of infra required by the developer. The platform boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds.
What is more, Polygon describes itself as a Layer 2 scaling solution, which allows it to not upgrade the current blockchain layer any time soon. Additionally, Polygon’s Plasma network runs on the Ethereum main-chain. Its sidechains are designed to support a variety of DeFi protocols.