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What is Polygon (MATIC)?
Polygon is a framework for creating blockchain scaling solutions that are compatible with Ethereum. The Polygon Network is a Proof of Stake (PoS) sidechain that has garnered decent adoption thanks to its fast, low-cost transactions, and EVM compatibility.
Polygon aims to offer more scalability solutions in the future, including zk rollups, optimistic rollups, and stand-alone blockchains, which should help create a more vibrant and interconnected Layer 2 ecosystem for Ethereum.
Some of the most popular DeFi dapps have already been deployed on it, such as Aave, 1inch, Curve, and Sushi. But there are also some native applications on it that don’t exist elsewhere, such as QuickSwap and Slingshot.
How does Polygon work?
The Polygon framework supports two major types of Ethereum-compatible networks: secured chains and stand-alone chains. An example for a secured chain is a rollup, while an example for a stand-alone chain is a sidechain.
Secured chains rely on the infrastructure of the chain they are attached to, so they don’t have to adopt their own security model. In contrast, stand-alone chains have to take care of their own security. This means that secured chains tend to offer a higher level of security, while stand-alone chains offer more flexibility for specific needs.
So, what about the Polygon Network? The Polygon sidechain is secured by its own set of validators (validator pool), and it has to submit checkpoints to Ethereum from time to time.