Polygon is a decentralised Ethereum scaling platform that allows developers to build scalable user-friendly decentralised applications with low transaction fees.

Ethereum has untapped new potential using blockchain technology through its smart contract capabilities.

This has attracted multiple other industries and uses in comparison to its predecessor, Bitcoin.

Ethereum however, is still burdened by slow speed and high transaction costs.

Polygon's Advantage

• Polygon is referred to as ‘side-chain’ meant to move transactional information out of the blockchain.
• The reduction of information on the blockchain will improve the speed and scale capabilities of the blockchain.
• Polygon currently houses more than 7,000 decentralised applications.
• The company is focused on expanding its scaling services and keeping a keen eye on the advancements of Web3.

Investors such as Shark Tank’s Kevin O'Leary, Tiger Global and many others have backed Polygon and its scaling capabilities.

The company reached a US$13 billion market cap after securing US$450 million in their first major financing round since 2017.