My Crypto Learning Journey
#15 – Polygon ( $POL )
Polygon is a system that helps Ethereum run faster and cheaper.
It was created in 2017 as MATIC Network to fix Ethereum’s problems with slow speeds and high gas fees. Now, it's grown into something much bigger.
What POL Is Used For:
- Staking: Helps secure Polygon’s different blockchains
- Gas Fees: Some chains may use POL to pay for transactions
- Voting: Holders can help decide on upgrades and changes
- Rewards: You can earn more POL by supporting the network
What You Can Do with POL:
- Stake POL to help keep the network running
- Vote on how the ecosystem should grow
- Use it to build and run apps or games
- Pay gas fees (on supported chains)
- Earn rewards as the network grows
Real-Life Example:
Imagine Ethereum is a big, busy city. Polygon is like a high-speed metro system built around the city so everyone can move faster.
The POL token is like your access pass. It lets you ride the trains, help run them, and even vote on where to build new tracks.
Big Brands Using Polygon:
✅ Reddit (for NFTs)
✅ Starbucks (loyalty program)
✅ Nike and Adidas (digital collectibles)
✅ Jio in India (bringing Web3 to millions)