Ethereum's Internet of Blockchain
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.
Polygon started out in 2019 as "Matic Network," . In 2021 the protocol was rebranded to "Polygon".
On December 17th, 2021, Polygon announced that they had partnered with Reddit co-founder, to launch a $200 million dollar fund to invest in social media, gaming, and Web 3.0 projects.
MATIC is used for transaction fees and paid out as staking rewards to validators.
Users can stake MATIC to validate transactions or delegate MATIC to validators.
Polygon plans to enable staking for projects in the Polygon ecosystem in the future.
VISIT OUR WEBSITE FOR MORE UPDATE