About Polygon (MATIC)
Polygon (MATIC), previously known as MATIC network, is an interoperability layer-2 scale solution for Ethereum-compatible blockchains. Polygonâs native cryptocurrency, MATIC, is used for governance, staking and gas fees.Â
Polygon was developed to address Ethereumâs limitations, including throughput, transaction speed, and lack of community governance. By design, Polygon is a platform built for launching interoperable blockchains.Â
Polygon achieves this using Proof-of-Stake checkpoints built on the Ethereum mainchain and its More Viable Plasma, a variant of the Plasma Network.