Polygon

About Polygon

The Ethereum blockchain can only handle a certain amount of transactions per second. The basic layer has a throughput rate of about 14 transactions per second. On Ethereum, each transaction incurs transaction costs known as gas fees. Scaling methods like Polygon conduct transactions on side chains to reduce gas costs. Polygon can manage up to 65,000 transactions per second, whereas Ethereum can only handle about 17 transactions per second.

• Polygon is the only network that allows the staking of its token, MATIC, on the Polygon blockchain.
• Polygon's native cryptocurrency token is MATIC.
• Gives developers more freedom and customization when selecting the appropriate scaling solution for their application.

Relevant information

Here is a great resource for learning more about the Polygon blockchain APIs.