Polygon is considered by many as a real alternative to using Ethereum.
The Polygon network is an Ethereum-compatible second-level sidechain powered by the PoS (Proof-ot-Stake) algorithm.
Due to lower fees and faster transaction speed, compared to the main Ethereum network, Polygon has proved itself well in the community.
Polygon scales to millions of transactions per second.
The Polygon project was launched in May 2020. It is led by three founders, all of whom were born in India and already have experience in developing blockchain platforms: CEO Janti Kanani, COO Sandip Nalwal and product manager Anurag Ayrun.
In two years, the value of the Polygon token has grown more than 500 times. The core growth happened this year: on January 1, 2021, MATIC was worth less than $0.02, at the peak on May 18, it was traded at $2.45.
The main reason for Polygon's success is because it is an Ethereum-compatible chain.
And the main goal of the project is to work on increasing the scalability of the Ethereum network.
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