Polygon, formerly known as MATIC network, is a layer-2 scaling solution created in 2019 to address several limitations in the Ethereum blockchain, such as transaction speed, throughput, and gas fees.
It was originally designed as a scaling solution, but it rapidly evolved into a multi-purpose ecosystem that’s been receiving a lot of attention. MATIC, its native token, debuted on the Binance Launchpad in 2019 amid the Initial Exchange Offerings (IEO) boom.
But first thing’s first, let’s see what layer-2 solutions are if we want to have a better knowledge of Polygon.
Quick Navigation:
What Are Layer-2 Solutions and Why Do We Need Them?
How Does Polygon Work?
Utility: What Can You Do on Polygon?
The MATIC Token
the Team Behind Polygon
Popular DApps Using Polygon
What Are Layer-2 Solutions and Why Do We Need Them?
A layer-2 solution is a blockchain that runs parallel to a mainnet — in Polygon’s case, Ethereum — but processes transactions outside of the mainnet, resulting i
We współpracy z: https://cryptopotato.com/what-is-polygon-matic/
