Polygon, formerly known as the Matic Network brand, is the second layer of the Ethereum network. This solution makes it possible to radically solve the scalability problem, improve security, and make the decentralization mechanism more stable and simple.

The platform uses 2 components that complement the main Ethereum network. This is Plasma Chains, the second level of Ethereum, which is implemented using Polygon. PoS Chain is a PoS fork of the Ethereum blockchain.
How Polygon works

The main network consists of the Polygon SDK. This is a package of modules that design a large number of applications, including the so-called Optimistic Rollups, ORUs, ZK rollup chains, and other elements of the architecture.

The developer uses a modular package to create his blockchain, deploying the project architecture based on the SDK, using the chains and components necessary for it.

The popularity of Polygon is due to a set of advantages.

Main advantages

Since Polygon is a superstructure over the Ethereum blockchain, it changes its structure to a multi-universal blockchain system. With its help, you can increase the scalability of the network, make it as secure as possible, make decentralization true, and not imaginary, as it is now.

Since Polygon combines the Plasma Framework and the PoS blockchain architecture, it makes it possible to conduct smart contracts without downloading the main Ethereum blockchain. The use of Polygon allows you to make the functioning of the payment structure much more efficient than the classical banking systems.

In addition, Polygon provides an unprecedented high speed of cryptocurrency payments, and most importantly, they become more reliable than the giants Visa, Mastercard and other systems.

Due to its unique sadchains, Polygon makes it possible to conduct transactions quickly and cheaply on the basis of the Ethereum blockchain, solving the problem of network scalability. As you know, this is one of the main problems of the entire sphere of decentralized finance. Because of this, the use of De-Fi applications is still extremely difficult, and they are poorly represented in the traditional economy.

New types of DApps built on top of Polygon can completely eliminate slow and expensive transactions before De-Fi gets to mass production. Due to its architecture, the Polygon (Matic) network has the ability to conduct millions of transactions on blockchains in just one block.

Polygon also provides a simple interface for work that improves customer interaction with decentralized sites. The Network SDK has also been created, it also simplifies the creation of De-Fi applications, making them more efficient.

It is worth noting that the Network SDK contains a number of modules that allow each of the developers to deploy their blockchains that are connected to Ethereum. Due to it, the basis for the development of multichains for Ethereum is formed.

That is, thanks to Polygon, Ethereum gets the opportunity to become more scalable, more convenient for blockchain developers when creating their own platforms. At the same time, it is worth noting that Polygon cannot solve all the existing problems of the Ethereum network.

New version - Polygon Network

In February of this year, the new Polygon Network was presented by the Matic developers. It is a modular platform, Security-As-a-Service type. It provides frameworks for developing and communicating with each other blockchain networks that are compatible with Ethereum. Since the shortcomings of this network have not yet been fully eliminated, namely low bandwidth, high fees for Gas, blockchain developers cannot fully use its capabilities.

All solutions that are represented by blockchains compatible with Ethereum are fragmented. In fact, this means that a single protocol has not been created that can establish contacts between blockchains with each other. Polygon Network intends to create a single, scalable infrastructure for the emergence of the Internet of blockchains.

In addition, it can be used for other blockchains to expand their operational capabilities and make the infrastructure more adaptable to the changing conditions of the cryptocurrency economy. Because Polygon is a one-stop solution, its popularity has skyrocketed. At the end of May this year, about 1 million accounts were registered on the platform, with at least 85 million transactions per day.

The Polygon Network developers are counting on the fact that they will be able to create the Internet of blockchains in the near future, which will allow for a true blockchain revolution, which was talked about several years ago in expert circles.