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Polygon (Matic Network): Scalable and Instant Blockchain Transactions of Assets

The Polygon (formerly Matic Network) whitepaper proposes a framework for building and connecting Ethereum-compatible blockchain networks. The architecture lever

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Abstract

The Polygon (formerly Matic Network) whitepaper proposes a framework for building and connecting Ethereum-compatible blockchain networks. The architecture leverages a modified version of the Plasma framework and a Proof-of-Stake (PoS) consensus mechanism to provide scalable and near-instant transaction finality. The paper discusses the architecture of the ‘Matic Sidechain,’ which acts as a bridge for ERC-20 and ERC-721 tokens, offering reduced fees and higher transaction speeds compared to the Ethereum mainnet. A primary goal is to address the fragmentation of the blockchain ecosystem by enabling interoperability among various networks. The research is significant as it emphasizes a practical, production-oriented approach to scaling that prioritizes developer experience and ecosystem compatibility, effectively serving as a gateway for high-frequency decentralized applications that require low-latency asset transfers. Authors: Jaynti Kanani, Sandeep Nailwal, Anurag Arjun Publication: Project Whitepaper Publication date: 2019-01-01

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Key findings

  • Combined Plasma-inspired sidechains with PoS consensus.
  • Enabled fast and inexpensive cross-chain asset transfers.
  • Focused on Ethereum Virtual Machine (EVM) compatibility.
  • Provided a structure for scaling decentralized applications via sidechains.

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Citation

Jaynti Kanani, Sandeep Nailwal, Anurag Arjun (2019). Polygon (Matic Network): Scalable and Instant Blockchain Transactions of Assets. Project Whitepaper. https://github.com/maticnetwork/whitepaper/raw/master/matic-whitepaper.pdf
Canonical knowledge ID: research:polygon-matic-network-scalable-and-instant-blockchain-transactions-of-assets