Why?
Polygon (MATIC) is a layer-2 blockchain solution compatible with Ethereum. It aims to increase Ethereum's transaction volume and speed. It does this by using separate blockchains called sidechains.
Created by Who?
Polygon was founded in 2017 by Sandeep Nailwal, Jaynti Kanani, Anurag Arjun and Mihailo Bjelic.
When Was It Created?
Polygon was first launched in 2017 under the name Matic Network. In 2021, it was renamed Polygon.
Where is it used?
Polygon can be used in various areas. Some of these are those:
Game
Non-fungible tokens (NFTs)
Decentralized finance (DeFi)
Enterprise blockchain solutions
Why Used?
Polygon offers many advantages over Ethereum. Some of these are those:
Faster and cheaper transactions
Higher scalability
More security
How to use?
To use Polygon, you need an Ethereum wallet. Once you connect your wallet to the Polygon network, you can make transactions using MATIC tokens.
What's the Future of Polygon?
Polygon is one of Ethereum's most popular layer-2 solutions. In the future, Polygon's usage is expected to increase and be adopted by more applications.
