Polygon (POL) A Scalable Solution for Ethereum. Originally known as MATIC, Polygon is a digital token powering the Polygon network, a Layer 2 scaling solution designed to enhance transaction throughput and reduce fees on the Ethereum network.

History and Background
Founded in 2017, Polygon was envisioned to create a blockchain network capable of supporting a high volume of decentralized applications (dApps).

Purpose and Goals
Addressing Ethereum's Scalability Issues: Polygon aims to alleviate the congestion on the Ethereum network, which often leads to high transaction fees and slow confirmation times.
Layer 2 Solution: As a Layer 2 solution, Polygon allows Ethereum to process more transactions faster without compromising the security of the main network.
The Rebranding from MATIC to POL: In 2023, Polygon underwent a significant upgrade, rebranding from MATIC to POL and expanding its scope to support interoperability across multiple blockchains.

Why the Change from MATIC to POL?
The name change from MATIC to POL reflects Polygon's evolution and broader vision:
Representing a Wider Ecosystem: POL signifies the token's role in powering the expanding Polygon ecosystem.
Enhanced Flexibility: The new name provides more flexibility for future development and expansion.
Establishing a Unique Identity: POL helps Polygon stand out and become more recognizable in the cryptocurrency market.

Official Website: https://polygon.technology

Whitepaper: https://polygon.technology/papers/pol-whitepaper

Note
Cryptocurrency and digital tokens are high risk. You may lose the entire investment amount. Please study and invest appropriately with your acceptable risk level.