What is the Polygon Network?
Previously known as the Matic Network, Polygon is an interoperability layer two scaling solution for building Ethereum-compatible blockchains. The blockchain uses the Matic token for governance, staking and for gas fees via a proof of stake (PoS) consensus mechanism.
Source & Further reading
Matic Coin
Matic Network (MATIC) focuses on scalability and security improvements via the Ethereum network. This project is built through the utilisation of the PLASMA framework and functions on off-chain development.
Learn howMining & GAS
As a blockchain network, Ethereum is a decentralized public ledger for verifying and recording transactions. The network’s users can create, publish, monetize, and use applications on the platform, and use its Ether cryptocurrency as payment.
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