What is the origin of Polygon in the cryptocurrency world?

3 answers

• chiru varshith peddisettyApr 11, 2025 · 4 months ago
  Polygon, also known as Matic Network, was created as a Layer 2 scaling solution for Ethereum. It was founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun in 2017. The aim was to address the scalability issues of Ethereum and provide faster and cheaper transactions. Polygon achieves this by utilizing a combination of sidechains, Plasma chains, and a decentralized network of validators. It has gained popularity due to its ability to support various decentralized applications (dApps) and provide a seamless user experience. With its growing ecosystem and partnerships, Polygon has become a prominent player in the cryptocurrency world.
  644

  322
• Martens MagnussonApr 30, 2021 · 4 years ago
  Polygon, also known as Matic Network, emerged in response to the increasing demand for scalability in the Ethereum network. It was developed to overcome the limitations of Ethereum's mainnet and enable faster and more cost-effective transactions. By leveraging Layer 2 technology, Polygon aims to enhance the overall user experience and foster the adoption of decentralized applications. Its origin can be traced back to the vision of its founders to create a scalable and interoperable blockchain platform. Today, Polygon continues to evolve and expand its capabilities, attracting developers and users from across the cryptocurrency community.
  645

  215
• g.tchanturidzeDec 20, 2020 · 5 years ago
  As an expert in the cryptocurrency world, I can tell you that Polygon, formerly known as Matic Network, was introduced as a Layer 2 scaling solution for Ethereum. It was founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun in 2017. The primary goal of Polygon is to address the scalability issues faced by Ethereum and provide a more efficient and scalable blockchain infrastructure. By utilizing sidechains and a network of validators, Polygon enables faster and cheaper transactions compared to the Ethereum mainnet. Its origin can be attributed to the need for a scalable and user-friendly blockchain platform in the cryptocurrency ecosystem.
  652

  163