- Launched: 2017
- Creator: Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun
- Purpose: Polygon is a scaling solution for Ethereum, aiming to solve the blockchain’s issues related to scalability, high transaction costs, and congestion.
- Features:
- Layer 2 Solution: Polygon provides a Layer 2 scaling solution to help Ethereum scale, without sacrificing decentralization.
- Multiple Chains: It enables the creation of sidechains and other blockchains that are interoperable with Ethereum.
- Use Cases: Ethereum scaling, decentralized finance (DeFi), gaming, NFTs, and dApps.
- Status: Polygon has quickly grown as a leading Ethereum scaling solution and is widely used by developers looking to reduce transaction costs and improve speed.
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