Polygon is a layer-2 scaling solution that “brings the world to Ethereum” — working in tandem to create a multi-chain system where developers on Ethereum can create applications and smart contracts for lower gas fees and faster speeds. Put simply, it rolls up its sleeves and sorts out a lot of Ethereum’s drawbacks — at least pre-Ethereum 2.0 — while also taking advantage of its thriving ecosystem. As a sidechain, however, it doesn’t inherit Ethereum's security. Since its inception, Polygon has attracted adopters as famous as Disney, Prada, Adidas, and Instagram. Its native token MATIC is used for governance and transaction fees within the Polygon ecosystem, while also deployed as a settlement currency between users.
