Polygon is a framework and protocol that can be used for connecting Ethereum compatible networks and promotes interconnectivity amongst blockchains.
Polygon aims at solving many of the Ethereum blockchain’s problems like low throughput, poor UX, and no sovereignty. Many users have complained about how lax some of the UX features are on the blockchain after being touted as a viable option to the Bitcoin blockchain.
Ethereum was supposed to be a better blockchain than Bitcoin and faster in every sense of the word. But as Ethereum got more and more popular, problems started creeping up.
These days gas and delayed PoW finality are some of the major problems in it. On top of that, the tech stack is not customizable and there is still governance dependence. The shared throughput doubles up as a clogging risk that still hasn’t been sorted.
Polygon comes in with their solution and aims to chain Ethereum into a Layer 2 secured multi-chain system.The chain of networks will later be changed to “Polygon”.
This new Polygon network will give rise to scalability and add Ethereum compatible blockchains to the projects easily. On top of that, the modular design of the network allows for never-ending customization. They can be upgraded when needed and community operation also increases.
Due to its Ethereum compatibility, it can use the tools, standards, and languages that have been in use in the chain already.
If you have been planning to get into the crypto market, right now is the best time to do so. With more and more countries accepting this new-age tech, it is time that you invest in it too.