Polygon is the protocol and a framework that is used to build and connect Ethereum-compatible blockchain networks. It aggregates scalable solutions on the Ethereum blockchain, supporting a multichain Ethereum ecosystem.

The Multichain Ethereum ecosystem bridges all the blockchains, products, and apps based on the Ethereum Network. Thus, providing for interoperability, which is important to connect everyone and everything in the crypto-verse, for a more connected blockchain space is more efficient and productive.

Polygon tracks down to the best in the Ethereum blockchain and the sovereign blockchains. By combining the best in all, it provides for a full-fledged multichain system.

There are several pain points in blockchains which are high gas costs, slow speeds, and others. Polygon MATIC focuses on solving it all without sacrificing on security.  The multichain system proposed by Polygon Matic is very similar to Polkadot, Cosmos, Avalanche, etc.

Polygon Matic is different from other Multichain Systems as it is inherently secure, more open, and powerful, and it enjoys the advantage of the network effect of Ethereum.

The limitations of Ethereum like Low Throughput, Poor UX, and lack of Sovereignty are addressed.  The lack of Sovereignty in Ethereum is due to the clogging risk, tech stack, through output, governance dependence, and the ability to be customized.

The thriving Ethereum ecosystem is being leveraged to offset the limitations by doing away with these limitations. But, unfortunately, there has been no specialized framework to build such blockchains, and therefore there is a lack of protocol to connect them all.  This is where Polygon Matic comes into play.

The protocol makes it possible to deploy present connected blockchain networks with just one click.  A set of modules that can be used to develop custom networks is provided. Arbitrary messages can be exchanged with Ethereum and other blockchain networks, thus providing interoperability.  Security as a service is made modular and optional. The adaptor modules enable interoperability for already existing blockchain networks.

Polygon helps conduct fast and cheap transactions to explore and use different Dapps, which support the network. Many developments are happening to make it easier for users to access and interact with several Layer 2 networks.

Needless to say, MATIC is a trendy token. The price trends are currently bearish with a significant decline.  It just looks like the prices are in the early stage of a new correction. It is expected to create a massive loss for several committed Polygon MATIC investors.