History of Polygon: Scalability for Ethereum

Polygon, formerly known as Matic Network, emerged as a solution to improve the scalability of Ethereum. This project aims to address the issues of high transaction costs and low throughput in the Ethereum network. Polygon uses a multi-layer architecture that increases transaction processing speed and reduces gas fees. Additionally, it is compatible with existing Ethereum decentralized applications, facilitating an easy transition to the new network. In a short period, Polygon has become a significant player in the Ethereum ecosystem, offering fast and affordable solutions for developers and users.