Polygon is a platform that utilizes zero-knowledge (ZK) technology to create a scalable ecosystem of interconnected blockchains, enabling fast transactions with near-zero gas fees. It addresses the limitations of Ethereum's scalability by allowing developers to build and deploy Layer 2 solutions that maintain security and interoperability.
Funding
$282M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+9Founders
Product
Problem
Ethereum's scalability limitations result in slow transaction speeds and high gas fees, hindering the widespread adoption of decentralized applications. Developers need efficient and cost-effective Layer 2 solutions to overcome these constraints while maintaining security and interoperability.
Solution
Polygon provides a suite of scaling solutions for Ethereum, leveraging zero-knowledge (ZK) technology to enable a scalable ecosystem of interconnected blockchains. The platform allows developers to build and deploy various Layer 2 solutions, including Polygon PoS, an EVM-compatible sidechain, and Polygon zkEVM, a ZK-rollup offering EVM equivalence. Polygon's architecture aims to unify Web3 by creating a network of sovereign blockchains that function as a single, cohesive chain, facilitating fast transactions with low fees. The AggLayer CDK allows developers to build Ethereum Layer 2s with industry-leading ZK tech.
Target Audience
Polygon targets Web3 developers, enterprises, and users seeking scalable and cost-effective solutions for building and interacting with decentralized applications on the Ethereum network.
Features
- Polygon PoS: An EVM-compatible sidechain offering fast transactions and low gas fees.
- Polygon zkEVM: A ZK-rollup providing Ethereum equivalence and enhanced scalability.
- AggLayer: A protocol for trustless cross-chain interoperability.
- AggLayer CDK: Tooling to build Ethereum Layer 2s with ZK technology.
- Miden: A ZK-optimized rollup with client-side proving for enhanced privacy.
- Plonky3: A ZK proving system designed for speed and efficiency.
- POL Token: The native currency used within the Polygon ecosystem.