Educational Post What is Polygon (MATIC)? Polygon responds t | Binance futures & spot signals

Educational Post

What is Polygon (MATIC)?

Polygon responds to some of Ethereum’s current vital issues, such as excessive fees, a bad user experience, and limited transaction throughput.

The platform aspires to build “Ethereum’s internet of blockchains,” or a multi-chain ecosystem of Ethereum-compatible blockchains. It intends to do this by offering a simple framework that allows developers to create their Ethereum-compatible blockchains with a single click. 

Polygon envisions a world in which different blockchains may freely and quickly exchange currency and information, removing the technological and ideological barriers that now exist between most blockchains.

The project was originally called adecentralizedofMatic network, but as it’s scope grew, it was renamed Polygon. Polygon is the architecture for a network of massively scalable, collaborative blockchains that preserve their self-sovereignty, whereas Matic was a basic layer-2 scaling solution for Ethereum.
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