Polygon
Chain stats
Real-Time TPS
46.47 tx/s
Max Recorded TPS
282 tx/s
Max Theoretical TPS
649 tx/s
Block Time
2.28s
TTF
4m 16s
Type
Layer 2
Governance Model
Off-chain
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What is Polygon?
Polygon, formerly Matic Network, is a blockchain platform designed to establish a multi-chain system compatible with Ethereum. It employs a proof-of-stake consensus mechanism similar to Ethereum for on-chain transactions, with its native token being MATIC. Functioning as a "layer two" or "sidechain" scaling solution alongside Ethereum, Polygon facilitates quicker transactions and lower fees. Its inception aimed to tackle Ethereum's major challenges, including high fees, subpar user experience, and limited transaction throughput, aspiring to create an "Ethereum's internet of blockchains" or a multi-chain ecosystem of Ethereum-compatible blockchains.
Token symbol:
MATIC
Metrics Overview:
Polygon TPS is 46.47 transactions per second
Polygon Max TPS is 282 transactions per second
Polygon Max Theoretical TPS is 649 transactions per second
Polygon block time is 2.28s
Polygon TTF is 4m 16s
Polygon is a Layer 2 blockchain
Polygon governance model is off-chain