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What is Polygon (MATIC) 

One of the top leading tokens of layer 2, Polygon on Ethereum Network, as the solution to weakness of Ethereum, mainly Scaling, to improve the security, efficiency, and utility. Scaling solutions lead to development in speed of transactions, lower cost, and complexity of usage, meaning that users can utilize network fast, highly efficient, and lower fee. 

Founder 

Polygon start in India by: 

• Jaynti Kanani - Blockchain Engineer as CEO of Polygon 
• Sandeep Nailwal – Software Engineer with experience from Welspun, largest textile company within Asia, and advisor at Deloitte 
• Anurag Arjun – CPO of Polygon who is an expert in software product management. Experience including product management at Dexter Consultancy and IRIS Business SErvices 
• Mihailo Bjelic – one of highly regard Ethereum Researcher within community 

Why Polygon 

With Polygon, developers can control and custom their Dapp at an advanced level. Polygon use Proof of Stake with Plasma to architect the blockchain, mainly to solve the scaling of Ethereum, which lead to capacity to handle large and growing number of transactions on chain 

Multi-chain on Polygon allows users to their own blockchain for financial transaction. This multi-chain system is similar to various platforms including Polkadot, Cosmos, Avalanche, etc., but Polygon has the advantage of Ethereum security, ecosystem, and openness for community to join the development of platform. 

As Polygon operates parallel with Ethereum, there is no congestion of transactions on mainnet, leading to faster transactions and much lower fees. 

Matic Utility 

As main token of Polygon ecosystem, Matic have 2 main utilities including: 

1. Fee for transaction on Polygon 

2. Staking to become validator 

Roadmap and future of Polygon 

As Polygon become well accepted in the industry, there are number of well-known Dapps run on Polygon platform including Sushiswap, Curve Finance, 1inch, Aave, Quick Swap, etc. There is other top global brand collaborate with Polygon as well such as: Nike and Adidas to create marketplace for NFT trade, Starbuck for digital trading as part of loyalty program, Meta to create NFT platform on Metaverse, etc. Also, Polygon have announced their roadmap to develop Polygon to 2.0 within this 2024 as well.