Polygon (previously known as Matic Network) , launched in 2017 and rebranded in 2021, is a Layer 2 scaling solution and blockchain platform designed to enhance the scalability, usability, and accessibility of decentralized applications (dApps) on the Ethereum network. Polygon addresses Ethereum’s limitations, such as high gas fees and slow transaction speeds, by providing a multi-chain ecosystem that supports faster, cheaper, and more efficient transactions.