POL is the native cryptocurrency of the Polygon Network. It was launched as an ERC-20 token in 2019. Polygon, formerly known as MATIC Network, is a layer 2 blockchain that uses a proof-of-stake consensus mechanism.

POL serves as the primary payment token and governance token on the Polygon Network. Users use POL tokens as transaction fees and also get voting rights on the network. The Polygon SDK helps create and develop interoperable, decentralized sidechains compatible with the Ethereum blockchain. It is worth noting that this scalable Ethereum blockchain recently changed its token from MATIC to POL.

Benefits of the Polygon Project

Here we will try to provide you with everything that matters to the project in terms of technical characteristics.

Scalability

Polygon effectively addresses the scalability issues of Ethereum, enabling faster and cheaper transactions through its layer 2 solutions. By introducing sidechains, it helps reduce congestion on the Ethereum mainnet, allowing for smoother and more efficient operations.

Interoperability

The Polygon architecture supports interoperability, allowing different blockchains to communicate and work together seamlessly. This feature opens the door for various decentralized applications (dApps) to interact across different blockchains, enhancing the overall utility of the blockchain ecosystem.#PolygonMATIC #BTC☀