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Polygon, formerly known as Matic Network, is a protocol and framework for building and connecting Ethereum-compatible blockchain networks. It aims to address some of the key limitations of the Ethereum network, such as scalability, high transaction fees, and slow transaction confirmation times.

Polygon achieves scalability through a combination of technologies, including a Layer 2 scaling solution called Plasma, sidechains, and a decentralized consensus mechanism. By offloading transactions from the Ethereum mainchain onto secondary chains, Polygon significantly increases transaction throughput and reduces fees while maintaining a high level of security.

One of the core components of Polygon is the Polygon SDK (Software Development Kit), which provides developers with tools and libraries to create custom blockchain networks tailored to their specific use cases. These networks can be interoperable with the Ethereum mainchain, allowing for seamless asset transfers and communication between different chains.

Polygon also supports the deployment of decentralized applications (DApps) and smart contracts, enabling developers to build scalable and efficient applications without compromising on decentralization or security. Additionally, Polygon offers various developer-friendly features, such as developer grants, documentation, and community support, to foster innovation and adoption within the ecosystem.

The native cryptocurrency of the Polygon network is MATIC, which is used for various purposes, including paying transaction fees, participating in network governance, and securing the network through staking. MATIC holders can also delegate their tokens to validators to help secure the network and earn rewards in return.

Overall, Polygon aims to make blockchain technology more accessible and scalable by providing a flexible framework for building and connecting Ethereum-compatible blockchain networks. With its focus on scalability, interoperability, and developer-friendliness, Polygon has emerged as a key player in the blockchain ecosystem, supporting the growth of decentralized finance (DeFi), non-fungible tokens (NFTs), and other innovative applications.