What is Polygon (MATIC)?
The Ethereum blockchain is domestic to a enormous range of monetary interest — from NFT markets and games to the growing DeFi atmosphere. Ethereum is properly applicable to this pastime because it’s like minded with clever contracts, which may be used to construct a massive range of packages. However, the growing popularity of those packages adds many transactions to the Ethereum blockchain — and as a result, transaction prices (additionally referred to as “gasoline”) can now and again upward thrust to the point wherein making small or common investments can be economically unviable. Enter Polygon , that is a “Layer 2” scaling answer (or “sidechain”) that’s emerged to provide quicker transactions and decrease costs for users. It acts as a speedy parallel blockchain jogging alongside the primary Ethereum blockchain. To use it, you can “bridge” some of your crypto over to Polygon, and then interact with a huge range of famous crypto apps that have been once distinct to t...