January 11, 2022 hypermindnav

This article is a stub and will be developed over-time.

 

What is Polygon? 

Polygon (also known as Matic) is a layer-2 scaling solution for the ethereum blockchain. 

Now in english – Polygon is an add-on layer to Ethereum which is designed to make it easier, faster, economical and cheaper to do stuff on the Ethereum blockchain. 

Initially launched as Matic in 2020, the Matic Network rebranded to Polygon in Feb of 2021, but still uses the namesake Matic as it’s crypto-currency token. 

How does Polygon (MATIC) Work? 

Polygon operates a Proof-of-Stake (PoS) Commit Chain which is by rights, it’s own blockchain. Commit Chains bundle transactions together and confirm them in bulk before committing the data to the Ethereum main-chain. 

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