Definition ∞ The Polygon Network is a framework for building and connecting blockchain networks, primarily designed to scale Ethereum. It offers solutions for developers to create decentralized applications with lower transaction fees and faster confirmation times. Polygon functions as a sidechain or Layer 2 scaling solution, enhancing the performance of the Ethereum ecosystem.
Context ∞ The Polygon Network is frequently mentioned in news concerning the growth and adoption of decentralized applications (dApps) and non-fungible tokens (NFTs). Its ability to provide cost-effective transactions makes it an attractive platform for developers and users alike, contributing to the expansion of the decentralized economy. Developments on the Polygon Network often signal broader trends in blockchain scalability and user accessibility.
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