#polygon$POL Polygon (formerly Matic Network) is a blockchain platform designed to scale Ethereum and improve its performance. It provides fast, low-cost, and secure transactions by using Layer 2 scaling solutions. Polygon connects multiple blockchains on a single network, making it easier for developers to build decentralized applications (dApps) with better efficiency. Its native token, MATIC, is used for governance, staking, and transaction fees. Polygon supports various frameworks like zkEVM and PoS chain, allowing flexibility and interoperability across blockchains. With partnerships and widespread adoption, Polygon has become one of the leading platforms in the Web3 and decentralized finance (DeFi) ecosystem.
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