What Is Polygon
Polygon is a Layer 2 scaling solution for Ethereum, designed to enhance its scalability and reduce transaction costs while maintaining security. It uses sidechains and a Proof of Stake (PoS) consensus mechanism to process transactions more efficiently. Polygon is fully compatible with Ethereum, allowing developers to build decentralized applications (dApps) with faster, cheaper transactions. Its flexible architecture supports various scaling solutions like Plasma, zk-Rollups, and Optimistic Rollups, making Polygon a versatile platform for scaling Ethereum-based projects.