Polygon and Matic: What’s the Difference?

Polygon and Matic: What’s the Difference?
Polygon is a secondary scaling solution for the Ethereum blockchain. These types of solutions work on top of an existing blockchain network rather than using their own blockchain. In this instance, Polygon works on top of Ethereum which has become slow and expensive to use as it becomes ever more popular.As of December 2021, the Ethereum blockchain can process about 14 transactions per second with each transaction costing on average around $25. However, these fees can spike during times of high network congestion, making life difficult and unpredictable for all but the richest of users. In May, the average Ethereum…