#Polygon
Polygon (MATIC) is a blockchain platform designed to make Ethereum faster, cheaper, and more scalable.
Here’s a quick overview 👇
🔹 What it is:
Polygon is a Layer 2 scaling solution for Ethereum — meaning it builds on top of Ethereum to handle transactions more efficiently.
🔹 Main purpose:
To solve Ethereum’s problems of high gas fees and slow transaction speeds without sacrificing security or decentralization.
🔹 Token (MATIC):
The native token, MATIC, is used for:
Paying transaction fees
Staking (to help secure the network)
Governance (voting on network changes)
🔹 Key features:
Low fees & fast speed
Compatibility with Ethereum apps (EVM)
Support for multiple chains (zkEVM, PoS chain, etc.)
Widely used for DeFi, NFTs, and gaming projects