Polygon

Polygon, formerly known as Matic Network, is an innovative platform designed for Ethereum scaling and infrastructure development. Its principal component is the Polygon SDK, a flexible, modular framework that enables the creation of various types of applications.

With Polygon, developers can create Optimistic Rollup chains, ZK Rollup chains, standalone chains or any other required infrastructure. It essentially converts Ethereum into a comprehensive multi-chain system (also referred to as Internet of Blockchains), similar to other systems such as Polkadot, Cosmos, and Avalanche. However, it also offers the added benefits of Ethereum's security features, vibrant ecosystem and openness.

Polygon's Impact on Existing Ecosystems

The existing ecosystems developed on the Plasma-POS chain will remain unaffected by Polygon. This platform aims to build additional features around the existing proven technology to cater to diverse needs from the developer ecosystem. The core technology will continue to be developed by Polygon in order to scale up for a larger ecosystem.

The Role of $MATIC Token

The $MATIC token will persist in its existence and its role is set to become more crucial over time. It will provide system security and facilitate governance functions within this framework.

To stay updated with the latest developments in cryptocurrency like these and more, discover more news on Global Crypto News.