Polygon (MATIC) is an ERC-20 token that helps the Polygon Network (fka Matic Network), a layer 2 scaling resolution for Ethereum. Polygon’s finish purpose is to supply an improved person expertise for Ethereum decentralized functions which are impaired by excessive gasoline charges and transaction processing instances. Polygon goals to enhance community velocity and decrease the price of using the Ethereum blockchain by utilizing sidechains, that are separate blockchains anchored to Ethereum’s essential chain. Polygon offers parts and instruments to construct tasks on prime of Ethereum by permitting builders the choice to launch stand-alone sidechains that depend on Ethereum as the bottom layer for safety. Since these sidechains run alongside the primary chain, customers can deposit Ethereum tokens to a Polygon sensible contract, work together with them inside the Polygon Network and then withdraw the tokens again to the Ethereum essential chain.