@0xPolygon Polygon, previously known by the ticker MATIC, is a blockchain scalability platform built to improve Ethereum’s performance by providing faster and cheaper transactions. It acts as a layer-2 solution, enabling developers to build scalable decentralized applications (dApps) without facing high gas fees or slow confirmation times typical on Ethereum’s base layer.
The native token of Polygon is now $POL (it replaced MATIC via a migration). POL serves multiple roles: paying transaction (“gas”) fees on the network, staking to secure the network, and participating in governance decisions.
