Polygon (formerly known as Matic Network) is a decentralized platform that aims to provide fast and low-cost transactions for Ethereum-compatible blockchain networks. It utilizes a system of sidechains that are secured by a network of proof-of-stake (PoS) validators, which allows for faster and cheaper transactions than the main Ethereum blockchain.
One of the key features of Polygon is its use of Plasma, a framework for building and securing scalable blockchain systems. Plasma allows for the creation of child chains that operate independently of the main blockchain, but are still secured by it. This allows for faster and cheaper transactions, as well as increased scalability and security.
- Category : Coins & Currency