Polygon is a blockchain platform which aims to create a multi chain blockchain system compatible with Ethereum. As with Ethereum, it uses a proof of stake consensus mechanism for processing transactions on chain.
Polygon is a layer two or sidechain scaling solution that runs alongside the Ethereum blockchain.$POL is allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking and more. You can buy or sell MATIC via exchanges like Coinbase.
Enter Polygon,make your journey in crypto more comfortable.$POL is a Layer 2 scaling solution or ca call it side chain as well, that’s emerged to provide faster transactions and lower costs for users. It acts as a speedy parallel blockchain running alongside the main Ethereum blockchain. To use it, you can bridge some of your crypto over to Polygon, and with it you can interact with a wide range of popular crypto apps that were once only a dream of many of us but now it is not exclusive for only main Ethereum blockchain.
