#PolygonBlockchain Polygon, formerly Matic Network, is a Layer-2 scaling solution for Ethereum, enhancing transaction speed and reducing costs while maintaining security. Launched in 2017 by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic, it uses a proof-of-stake consensus and sidechains to process up to 65,000 transactions per second. Its native token, POL, facilitates governance, staking, and low-fee transactions. Polygon supports a vibrant ecosystem of dApps, DeFi, and NFTs, with partnerships like Starbucks and Google Cloud. Recent updates include the AggLayer protocol for blockchain interoperability and a $640M Community Treasury for ecosystem grants.