Polygon is a Layer-2 scaling solution for Ethereum, aiming to provide faster and more cost-effective transactions. It utilizes a Proof-of-Stake (PoS) consensus mechanism to secure its network. The native token, POL, serves multiple functions within the ecosystem, including paying for transaction fees (gas), staking to secure the network, and participating in governance decisions.
Service Type: Digital Asset Exchange & Brokerage
Learn more:
- Official Website: https://polygon.technology/
- Whitepaper: https://polygon.technology/papers/pol-whitepaper
- Block Explorer: https://polygonscan.com/
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