$POL

Polygon is a second-layer solution developed to increase the scalability of the Ethereum blockchain and reduce transaction costs. Founded in 2017 as Matic Network, Polygon allows users to make faster and cheaper transactions. The project offers a range of scalability solutions to support high transaction volumes while maintaining the security and decentralization of Ethereum.

Polygon’s core components include:

1. **Plasma**: A framework that allows users to make transactions at high speed with lower transaction fees.

2. **ZK-Rollups**: By combining user transactions in bulk, it sends less information to the Ethereum main chain, thus increasing transaction speed.

3. **Optimistic Rollups**: It makes transactions quickly and resorts to verification when necessary, thus providing a more efficient transaction.

Polygon has created a large ecosystem in various application areas such as DeFi (decentralized finance), NFT (non-fungible token), and gaming. Developers prefer to develop applications on Polygon because they can use the security provided by Ethereum and conduct transactions at lower costs. In addition, Polygon’s user-friendly structure allows it to appeal to a wider audience.

As a result, Polygon aims to accelerate the adoption of blockchain technology by contributing to the expansion of the Ethereum ecosystem.