Polygon, formerly known as Matic Network, is a blockchain platform that enables the development and deployment of decentralized applications (DApps).
It is built on top of the Ethereum blockchain and uses a modified version of the Ethereum Virtual Machine (EVM) to enable faster and cheaper transactions.
Polygon aims to provide a more scalable and user-friendly platform for DApp developers, allowing them to build and deploy their applications more easily and efficiently.
The platform uses a proof-of-stake consensus algorithm, which allows users to earn rewards by participating in the validation of transactions. Polygon’s native cryptocurrency is called MATIC.