Polygon (MATIC) is a scaling solution built on top of the Ethereum network, designed to help the blockchain's scalability and infrastructure. Due to the size of the Ethereum blockchain, validation latency and high gas fees has become a problem for marketplaces. To solve this problem, the developers of Polygon have implemented various enhancements to the existing blockchain using a secondary Layer2 blockchain. This blockchain utilizes the Ethereum's validators for security while allowing faster transactions by transferring data using side-chains, hence, minimizing the gas fees of every transactions.

• Far higher capacity for transactions (65,000 per second vs 30 in Ethereum)

• Low gas fees ($20 on Ethereum vs $.01 on polygon)

With Polygon, organizations can choose the blockchain that suits their need best. For the ones seeking independence and flexibility, the Stand-Alone Network allows them the full control over their models and transactions while sacrificing the security that the Ethereum Layer would provide. For those who must have the top security of the data, Polygon can accomodate them by placing their blockchain "near" the Ethereum Blockchain and have the numerous validators of the network verify the data around the clock. Based on the priority, communities can either opt of the Stand-Alone Network or the Secured Chain Network.

• Tier Transaction Speed: Execution >> Polygon >> Security >> Ethereum Network

Other capabilities of Polygon include the MATIC POS Chain or "side-chains". Having scalability in mind, Polygon was designed intentionally to make data migration among different networks easy. Contracts and assets created on Polygon are portable and may be transferred cross-chain. Token standards ERC20, ERC721, ERC,1155 can all be traded on Polygon and also be taken to other networks at the owner's discretion.

The Polygon uses the PoS, Proof-of-Stake, consensus model to confirm the activities within the network. While the PoW, Proof-of-Work, model on Ethereum encouraged validators to compete among themselves and allowed noether wallets to start mining. Using the PoS mechanism, the validators do not need significant amounts of computational power; the validators are chosen randomly and use the attesting method to confirm or create new blocks. It also asks them to put a stake in the network. The more control you have within the chain, the more stake or risk you will carry. This prevents bad behaviors and malicious intents within the community.