Polygon Explained in less than 2 mins | History, Consensus Mechanism, Tokenomics etc

Polygon Explained in less than 2 mins | History, Consensus Mechanism, Tokenomics etc

Starting a new series explaining Popular Blockchain terms and networks in less than 2 mins.

The Polygon network is a layer-2 Ethereum chain solution co-founded by blockchain developers Sandeep Nailwal, Jaynti Kanani, and business consultant Anurag Arjun that has risen in popularity over the past few years to become a leading Ethereum sidechain.

Polygon Network uses the MATIC token (the project's native token) which has grown over 2000% in value. Polygon has determined itself as one of the leading defi and gamin networks with over 3000 dapps on the network.