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 28.94 transactions per second
Polygon Max TPS is 429 transactions per second
Polygon Max Theoretical TPS is 649 transactions per second
Polygon block time is 2.13s
Polygon time to finality is 4m 16s
Polygon is a Layer 2 blockchain
Polygon governance model is off-chain
Polygon was launched on May 30, 2020 (4 years ago)