Crypto 101: Learn all about Polygon (Matic)

1 year ago
6

Learn about Polygon, the open-source, multi-chain scaling solution for Ethereum that aims to increase the throughput and lower the cost of transactions on the Ethereum network. In this video, we discuss how Polygon uses a system of sidechains, known as "child chains," that run parallel to the main Ethereum blockchain, and are secured by a network of proof-of-stake validators. We also cover how Polygon supports a wide variety of decentralized applications (dApps) and protocols, including Ethereum-compatible smart contracts, decentralized finance (DeFi) platforms, and non-fungible token (NFT) marketplaces, using its own token, MATIC. We also touch on how Polygon's architecture allows for faster and cheaper transactions, as well as greater scalability and security.

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