Polygon to Hold AMA on X on August 22nd

Polygon will host an AMA on X on August 22nd, during which Polygon Labs chief executive officer will outline the organisation’s forthcoming plans and strategic direction.

MATIC Info

Polygon (previously known as Matic Network) is a layer-2 scaling solution for Ethereum that aims to provide major scalability improvements for decentralized applications by utilizing a modified version of Plasma with sidechains. The Polygon token (MATIC) is used for payment services on the network and as a settlement currency between users who operate within the Polygon ecosystem. The goal of Polygon is to overcome some of the major limitations of traditional blockchain networks, including low throughput, poor user experience, and lack of community governance, by leveraging a novel sidechain solution.