Polygon Explained
Ethereum's Internet of Blockchains for Web3 applications.
What is Polygon?
Polygon (formerly Matic Network) is a Layer 2 scaling solution designed to address Ethereum's scalability and usability challenges while maintaining its security and decentralization. It provides a framework for building and connecting Ethereum-compatible blockchain networks.
As a "Layer 2" solution, Polygon operates alongside the Ethereum main chain, processing transactions on its own network before finalizing them on Ethereum. This approach dramatically increases transaction speed and reduces gas fees, making decentralized applications more viable for everyday use.
Did you know? Polygon's native token MATIC is used for governance, staking, and payment of transaction fees on the network.
How Polygon Works
Plasma Framework
Polygon implements a modified version of Plasma with PoS-based side chains that process transactions off the main Ethereum chain before periodically committing them to Ethereum.
Proof of Stake
Polygon uses a Proof of Stake consensus mechanism where validators stake MATIC tokens to participate in the consensus process, making the network more energy-efficient.
Polygon SDK
The Polygon Software Development Kit enables developers to create their own sovereign blockchains (Polygon chains) with customizable features while maintaining compatibility with Ethereum.
Bridges
Polygon bridges enable secure asset transfers between Ethereum and Polygon networks, allowing users to move tokens back and forth while maintaining ownership.
Polygon Ecosystem
DeFi
Popular DeFi protocols from Ethereum deployed on Polygon with faster speeds and lower costs.
Gaming
Blockchain games leveraging Polygon's fast transaction speeds and low fees.
NFTs
NFT marketplaces and collections with minimal minting and transaction costs.
Trading Polygon on Blanket
Blanket offers seamless trading of MATIC tokens and Polygon-based assets with our intuitive platform. Take advantage of Polygon's low fees and fast transactions while enjoying Blanket's powerful trading features.
Cost-Efficient
Trade with dramatically lower gas fees compared to Ethereum mainnet, preserving more of your investment.
Fast Transactions
Execute trades in seconds instead of minutes, with Polygon's efficient block confirmation times.
Cross-Chain Compatibility
Easily bridge assets between Ethereum and Polygon networks through our integrated bridge tools.
Start trading on Polygon?
Connect your wallet and experience fast, low-cost Ethereum-compatible trading.