Polygon
What is Polygon?
There’s no doubt that most transactions currently happen on the Ethereum Blockchain using ETH cryptocurrency. But, the issue with Ethereum is the network congestion, resulting in rather expensive transactions ($10 to over $100 per transactions).
Polygon is a stack of protocols designed to fix Ethereum’s scalability issues. The Polygon network addresses the network’s challenges by handling transactions on a separate Ethereum-compatible blockchain.
Polygon then returns transactions to the main Ethereum blockchain post-processing. This approach lowers the network load on Ethereum. In doing so, Polygon can speed up transactions and lower transaction costs to less than a cent.
In other words, Polygon, formerly known as Matic network, provides an easy framework for new and existing blockchain projects to build on Ethereum without scalability issues.
Using Polygon, users can interact with any decentralized application (DApp) without ever having to worry about network congestion.
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Also, check out this site for more information about the Polygon Network…
