Polygon provides scalable, instant, and secured transactions for blockchains. Start trading Polygon on Binance.US.
Polygon is a layer-2 scaling solution with side-chains for off-chain computation, while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. It aims to offer scalable and instant blockchain transactions.
- By utilizing adapted version of the Plasma framework, the system is built on PoS checkpoints that are pushed to the Ethereum main-chain. As a result, it is expected to allow each Polygon sidechain to theoretically achieve 2^16 transactions per block.
- Polygon has been a significant contributor to the Ethereum ecosystem, having worked on implementations of Plasma MVP (Minimum Viable Plasma), the WalletConnect protocol, and Dagger, a popular Ethereum event notification engine. Many projects have already been building applications on and integrating with Polygon.
- Polygon is an ERC-20 token running on Ethereum, it used to pay for services on Polygon but also serves as a settlement currency between users who operate within the Polygon ecosystem.
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