Polygon (previously known as Matic Network) is an Ethereum-compatible, Layer 2 scaling solution and infrastructure platform for building and connecting Ethereum-compatible blockchain networks. Its primary goal is to provide faster and more efficient transactions, overcoming the limitations of Ethereum's current scalability and high gas fees.
Polygon uses a combination of technologies, such as Plasma chains, zk-rollups, and optimistic rollups, to improve transaction throughput and create a seamless experience for users and developers. In addition to scaling, Polygon also aims to offer interoperability between different blockchain networks.
The Polygon network is secured by its native token, MATIC, which is used for various purposes, including staking, governance, and paying for transaction fees.
In summary, Polygon is a platform designed to address the scalability and usability challenges of Ethereum, enabling developers to create and deploy scalable and interoperable decentralized applications (dApps) efficiently.