Polygon blockchain is a Layer 2 scaling solution for Ethereum that enhances its scalability, transaction speed, and reduces costs. It offers a framework for building and connecting Ethereum-compatible blockchain networks, improving the overall Ethereum ecosystem's performance. Polygon leverages sidechains, which are separate chains that process transactions and then settle on the Ethereum mainnet, ensuring faster and cheaper transactions. By making decentralized applications (dApps) more efficient, Polygon enables developers to build highly scalable and user-friendly applications within the Ethereum ecosystem.
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