Polygon aims to create "Ethereum's internet of blockchains" by providing a simple-to-use framework that allows developers to each launch their own custom Ethereum-compatible blockchain in a single click.
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Polygon offers developers a range of modules for deploying custom blockchains, including consensus and governance modules, execution environments, and virtual machine implementations. These blockchains benefit from the Matic proof-of-stake sidechain, which speeds up transactions and reduces fees while finalizing everything on the Ethereum mainchain.
Polygon supports stand-alone and secured chains and various blockchain scaling mechanisms, including Matic Plasma. The platform's utility token is still known as MATIC and is used for gas fees, governance, and in the Polygon DeFi ecosystem.