Polygon (MATIC) Wallet

Polygon (formerly Matic Network) was originally a layer-two scaling solution but now progressed into an infrastructure, building a multi-chain ecosystem consisting of Ethereum compatible blockchains – Internet of Blockchains.

Polygon was launched in 2017 in India, and its website claims that it is created by a “decentralized team of contributors”. However, a core team of four co-founders is highlighted: Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. Initially, the Polygon team took part in contributing to the Ethereum ecosystem. Some of their work included the Plasma MVP, Dagger, and the WalletConnect protocol. Then, the launch of the project was followed by a move to an independent network in 2019.

Polygon allows developers to access an assortment of modules, which can be operated to build their blockchains that are applicable to the Proof of Stake sidechain and are able to benefit from it. The said sidechain provides a higher transaction speed, performing 7,432,973 transactions per day, and lower fees. Polygon’s Plasma framework, which is built onto its PoS, also allows it to take in an unlimited number of DApps.

Polygon’s current goals include becoming an interoperable platform by supporting basechains beyond the Ethereum one.