Ethereum is one of the oldest blockchains in the market. However, you must have seen its own set of issues arising out of nowhere. There are issues with its scalability and fees. Moreover, many people transact on Ethereum at any given time. This leads to clogging of the networks very frequently. Polygon has emerged as the savior for Ethereum users, to be exact.
Polygon is a blockchain platform, which is based in India. Now, this layer 2 secure solution allows Polygon to use Ethereum for transaction verification at extremely low rates. Since it works on a layer 2 solution, Polygon does not need to work on its own blockchain infrastructure. It operates on Ethereum. You can also avail of its myriad benefits, wherein it diverts traffic to side chains and eases off the pressure on the main blockchain. So, now you can understand the ultimate motives for which Polygon was created. It connects and grows Ethereum-compatible projects and blockchains.
Moreover, Polygon combines the best of Ethereum and develops a multichain system. It also benefits from Ethereumβs network effects. And, it is safer than the others and more powerful.