eventually have thousands of chains scaling together to increase throughput

with the potential of generating millions of transactions per second (TPS)

one day. Polygon currently only makes use of commit chain connectivity to

improve transaction times but will eventually make use of other Layer 2

scaling mechanisms such as optimistic roll-ups.

Polygon plans to develop its scalability-focused product offering to support

other blockchains and to produce cross-chain interoperability between

different protocols. However, at present, it is entirely focused on Ethereum.

The Matic token (MATIC) is the polygon’s native token and has several

distinct uses, one of them being to power the protocol via a gas-based

mechanism used to pay network fees accrued from the computational power

the network exerts to transfer data. This mechanism also allows software

developers and ecosystem contributors to build dApps on a polygon by

paying MATIC tokens to use the platform and its development framework.

MATIC can be stored in the Matic Wallet, instantly giving holders the

option to stake their tokens and manage their own investments directly. The

wallet allows users to connect with various dApps, stake their MATIC

tokens, and hold other ERC-20 tokens.

Polygon, in the future, hopes to expand beyond Ethereum and be used for

other blockchains that are creating their own decentralized finance (DeFi)

ecosystems.

Polygon crypto network use cases in the real world:

Payments: Through specialized API and SDK integration, the

polygon crypto platform is designed to allow dApps to speed up

payments, enabling nearly instant payment settlement. This process

allows dApps, merchants, and users to instantly accept or pay in any

type of cryptocurrency—

though usually in ERC-20 or ETH.

Lending platform: By assessing their transaction history, a polygon is

building a mechanism to allow merchants to analyze the credit ratings

of users who have signed up to use the platform. This functionality is

carried out in partnership with the Dharma protocol. The leading

lending protocol Aave has more than $ 1bn liquidity locked on its

polygon markets with more than 8,000 users.

Games: Polygon’s Layer 2 side chain scaling solution stands to make

blockchain-based gaming faster and perform better. Because of poor