What is Polygon - Steven Kelly
Channel: Steven Kelly
Date: 23/05/2023

Polygon is a layer 2 scaling solution for the Ethereum blockchain. It aims to address Ethereum's scalability and usability challenges by providing a framework for building and connecting multiple blockchains, known as sidechains, to the Ethereum network. By offloading transactions to these sidechains, Polygon enables faster and cheaper transactions while maintaining compatibility with Ethereum. It offers various layer 2 solutions, including Plasma chains, sidechains, and rollups, to enhance the performance and scalability of decentralized applications (dApps) on the Ethereum ecosystem. Polygon also promotes interoperability between different blockchains, expanding possibilities for decentralized applications and facilitating seamless asset and data transfer.
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