Polygon is an Ethereum token that powers the Polygon Network: a multi-chain solution for Ethereum scaling and infrastructure development. Polygon is designed to provide faster and cheaper transactions on Ethereum by using layer 2 side-chains that run on other side blockchains, alongside the main Ethereum chain. Efficiently transform Ethereum into a full-fledged multi-chain system. This multi-chain system is similar to Polkadot, Cosmos or Avalanche, combined with the security and ecosystem of Ethereum. It combines the procedures of the Plasma Framework and the Proof-of-Stake protocol.
The Plasma Framework allows you to easily implement smart contracts. New features build on proven technology to adapt to different needs.