Polygon (MATIC)

by Polygon Technology
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A protocol for creating and scaling Ethereum-based projects.

Polygon (MATIC) description

Polygon (MATIC) is a framework and protocol for creating and scaling Ethereum blockchain-based solutions. Polygon is designed to help developers create and support a variety of DeFi projects. Polygon combines elements of Ethereum and other decentralized blockchains for a full-fledged multi-chain system.

Polygon supports two types of Ethereum systems - secured and standalone. A standalone Polygon blockchain allows for faster transactions and lower fees. Polygon gives developers the ability to work in a comfortable framework to scale and increase performance. Since standalone circuits do not have Ethereum's internal protection, Polygon has a dedicated protection. It is built on the PoS (Proof-of-Stake) model.

Polygon’s secure chain uses a Secure-as-a-Service (SaaS) model and is powered directly by Ethereum. It is operated in two ways: “proof of fraud” or through a pool of validators. This text is from p​roject CryptoDeFix. Secure networks guarantee high security, but projects built on them lose their independence and flexibility. This protection model is preferred by projects where confidentiality is important.

Polygon features

  • Development speed
  • Low fees
  • Scalability of projects
  • Fast transfer of projects from Ethereum to Polygon
  • Two types of security model

Polygon (MATIC) features

Cryptocurrencies

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