Polygon, formerly known as Matic Network, is a Layer 2 scaling solution for Ethereum. It aims to address Ethereum's scalability challenges by providing a framework for building and connecting scalable blockchain networks. Polygon enables faster and cheaper transactions while still benefiting from Ethereum's security and decentralization. It offers a variety of tools, such as sidechains and plasma chains, to enhance the scalability and usability of decentralized applications, enabling developers to create scalable and user-friendly blockchain solutions.
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