Polygon (MATIC) is an ERC-20 token that helps the Polygon Community (fka Matic Community), a layer 2 scaling answer for Ethereum. Polygon’s finish aim is to supply an improved person expertise for Ethereum decentralized purposes which are impaired by excessive gasoline charges and transaction processing instances. Polygon goals to enhance community pace and decrease the price of using the Ethereum blockchain through the use of sidechains, that are separate blockchains anchored to Ethereum’s most important chain. Polygon gives elements and instruments to construct tasks on prime of Ethereum by permitting builders the choice to launch stand-alone sidechains that depend on Ethereum as the bottom layer for safety. Since these sidechains run alongside the primary chain, customers can deposit Ethereum tokens to a Polygon sensible contract, work together with them throughout the Polygon Community after which withdraw the tokens again to the Ethereum most important chain.