Deep Dive
1. Purpose and technology
Polygon aims to make blockchain applications cheaper and more practical to use. Its Polygon PoS network processes transactions using proof of stake, where validators help confirm transactions and secure the network. Polygon also develops tools for connecting and building blockchain networks. CoinMarketCap
2. What POL does
POL is Polygon’s native token. Users pay transaction fees with it on Polygon PoS, while validators stake it to support network security and earn rewards. POL replaced MATIC in a migration that began on September 4, 2024. CoinMarketCap
Conclusion
Polygon is blockchain infrastructure focused on scaling Ethereum and connecting networks; POL is its fee and staking token. How effectively can Polygon make these networks work together for users?
