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Information about Polygon (POL)
Polygon is a Layer-2 Ethereum blockchain project, aiming to scale and improve the existing issues on the Ethereum network such as slow transaction speed, limited scalability, and high fees. Polygon combines Plasma Framework and Proof-of-stake model, enabling easy-to-implement, scalable, and self-governing smart contracts.
POL is the new native token of the Polygon ecosystem, operating on the Ethereum platform under the ERC20 standard. POL is integrated into the core operations of Polygon’s main products and applications within the ecosystem. POL will replace the old MATIC token and will be used for the following purposes:
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