# Polygon(MATIC)

**Published by:** [john0006](https://paragraph.com/@john0006/)
**Published on:** 2023-01-08
**URL:** https://paragraph.com/@john0006/polygon-matic

## Content

Polygon (formerly Matic Network) is a blockchain platform that enables blockchain networks to connect and scale. It aims to create a multi-chain blockchain ecosystem compatible with Ethereum. As with Ethereum, it uses a proof-of-stake consensus mechanism for processing transactions on-chain while deriving its security from Ethereum. Polygon's native token is named MATIC. Polygon is used in decentralized applications (dApps) such as Defi, DAOs, and NFTs.

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