What is Polygon (MATIC)?
Polygon (formerly Matic Network) is the first well-structured and easy-to-use platform for scaling and developing Ethereum infrastructure. Its core component is the Polygon SDK, a modular and flexible framework that supports the creation of various types of applications.
Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand-alone chains, or any other type of infrastructure required by developers.
Polygon effectively turns Ethereum into a complete multi-chain system (aka the Internet of Blockchains). This multi-chain system is similar to others like Polkadot, Cosmos, Avalanche, etc. with the superior security, dynamic ecosystem and openness of Ethereum.
The $MATIC token is here to stay and will play an increasingly important role, securing the system and enabling governance.
Polygon (formerly Matic Network) is a Layer 2 scaling solution supported by Binance and Coinbase. The project seeks to drive mass adoption of cryptocurrencies by solving scalability issues across multiple blockchains.
Polygon combines the Plasma Framework and proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by Ethereum co-founder Vitalik Buterin allows for easy, scalable and autonomous execution of smart contracts.
Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around proven technologies to expand capabilities to meet the diverse needs of the developer ecosystem. Polygon will continue to develop its core technology so it can scale into a larger ecosystem.
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