Polygon’s main goal is to operate as a layer-2 solution for the Ethereum network. Polygon’s long-term plan is to create a blockchain framework. Developers can create their own customizable blockchains and connect them together to create a more open online world.
Once those long-term plans get underway, Polygon would likely increase in value. Now investors can stake their MATIC and earn extra crypto as they wait for Polygon to continue development and become more valuable.
Polygon sidechains can handle up to 65,000 transactions per second, while the Ethereum blockchain can handle only around 15 per second. As a result, Polygon has been recognized as one of the best solutions for Ethereum’s scaling issues.
What’s more, all of Polygon’s sidechains interact with each other as well as directly with the Ethereum blockchain. That ultimately paves the way for shared, compatible smart contracts and dApps. The ability to trade cryptocurrencies and other assets seamlessly between blockchains was inconceivable until very recently.
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