Polygon NFT Calendar
Polygon Blockchain
Polygon (MATIC) is an Ethereum token that drives the Polygon Network, an Ethereum scaling solution. Polygon intends to use Layer 2 sidechains, which are blockchains that operate alongside the Ethereum main chain, to allow faster and cheaper transactions on Ethereum. Users can deposit Ethereum tokens into a Polygon smart contract, interact with them within Polygon, and then withdraw their funds back to the Ethereum main chain. The MATIC coin pays transaction fees and participates in proof-of-stake consensus.
Polygon is a Layer-2 solution meant to assist scale and improve the operation of the Ethereum network. The protocol intends to make Ethereum transactions faster and cheaper by utilizing sidechains, which are blockchains that operate alongside the Ethereum main chain like fast HOV lanes. To use Polygon, you must first “bridge” part of your crypto over to Polygon (through the official Polygon Bridge), and then engage with a wide range of popular crypto apps that were previously only available on the main Ethereum blockchain. Users can deposit Ethereum tokens into a Polygon smart contract, interact with them within Polygon, and then withdraw their funds back to the Ethereum main chain. It is possible to sell and buy polygon NFTs without using any gas. Only when moving ETH funds to the Polygon network are gas fees required.