Technology Behind Polygon: How It Works?
Polygon, formerly known as MATIC was founded in 2017 by a team of Ethereum developers. It is a protocol and framework developed for linking blockchain networks that are compatible with Ethereum. It not only has support for the multi-chain Ethereum ecosystem but also boosts the transaction speed while reducing the transaction fee. Polygon is developed to address the challenges associated with Ethereum, like high gas fees and slow transaction speeds, without compromising security. It does this by creating child chains that can process transactions 500 times faster than Ethereum. Low Polygon gas fees and high transaction speed make it an…
