Ethereum’s exorbitant transaction fees have made headlines for several years, and scaling solutions, or Layer 2s, have become an important niche. One project that has gained traction over the last few years in the scalability race is Polygon.

But what exactly is Polygon, and how does it function? In this beginner’s guide, we will delve into the fundamentals of Polygon and its native asset, MATIC.

Polygon is a suite of scaling solutions designed to empower developers to create decentralized applications (dapps) with high throughput, low transaction fees, and quick finality.

By redirecting transactions from the Ethereum mainnet to a sidechain, a blockchain that operates in parallel with Ethereum, and a distinct Layer 2 zkEVM network, Polygon processes …