Tag: DefiLayer-2

Rebranded from “Matic Network” in February 2021, Polygon is a layer-2 network designed to bring mass scalability to Ethereum and interoperability between other blockchains. Retaining the MATIC cryptocurrency ticker, Polygon is evolving into a platform to help developers bring products to market quickly. This is achieved using customizable, modular blockchain network tools and services that harness the power of the Ethereum network, without the drawbacks associated with high transaction fees and network congestion. As such, layer-2 solutions are drawing a lot of attention as the crypto industry looks to expand and interoperate.