Polygon was originally launched under the name Matic Network in 2017.It is an Indian project and now it is called Polygon but the actual coins are called Matic. It is actually a platform built around the Ethereum Blockchain .It was founded by Sandeep Nailwal, Anurag Arjun and Jaynti kanani.
Polygon is a system that is designed to solve scalability and usability issues that exist in Ethereum blockchain. It allows companies to build decentralised apps ,to scale their solutions and to gain more users.
Polygon cryptocurrency is now among top 20 cryptocurrencies globally according to CoinMarketCap.The token reached $2.14 on May 18.It’s current market captilisation is $13 billion.
Recently Ethereum co-founder ,world’s youngest cryptocurrency Vitalik Buterin donated 50 trillion Shiba Inu tokens to India Covid Relief Fund set up by Polygon founder Sandeep Nailwal as India is suffering from second wave of pandemic.