Polygon (MATIC)

Polygon (formerly “Matic Network”) is an Ethereum-compatible protocol and a framework for building blockchain networks. Established to solve several challenges with blockchains and encourage crypto adoption, it combines “the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system.” Polygon optimizes for security, fast transaction speed, and low costs for transactions. MATIC, its native token, is used for paying transaction fees, staking, and governance.