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Polygon Explained - 2 Minute Crypto AnimationPolygon is a stack of protocols designed to fix Ethereum's scalability issues. The Polygon network addresses the network's challenges by handling. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Polygon is a blockchain platform which aims to create a multi-chain blockchain system compatible with Ethereum. As with Ethereum, it uses a proof-of-stake consensus mechanism for processing transactions on-chain. Polygon's native token is named.
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