Polygon

Polygon, formerly Matic Network, is a blockchain platform designed to establish a multi-chain system compatible with Ethereum. It employs a proof-of-stake consensus mechanism similar to Ethereum for on-chain transactions, with its native token being MATIC. Functioning as a "layer two" or "sidechain" scaling solution alongside Ethereum, Polygon facilitates quicker transactions and lower fees. Its inception aimed to tackle Ethereum's major challenges, including high fees, subpar user experience, and limited transaction throughput, aspiring to create an "Ethereum's internet of blockchains" or a multi-chain ecosystem of Ethereum-compatible blockchains.

Token symbol:
MATIC

Metrics Overview:
Polygon TPS is 47.95 transactions per second
Polygon Max TPS is 429.1 transactions per second
Polygon Max Theoretical TPS is 714.3 transactions per second
Polygon has processed 172,612 total transactions
Polygon block time is 2.15s
Polygon finality is 5s
Polygon nakamoto coefficient coming soon
Polygon active addresses coming soon
Polygon governance is off-chain
Polygon is a sidechain
Polygon was launched on May 30, 2020 (5 years ago)