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What Is The Difference Between Ethereum and Polygon?

The Ethereum blockchain is basically a large, digital, public record, or digital ledger that allows you to write and execute smart contracts and decentralized apps (dapps). Think of it as a ledger that keeps track of all transactions and information in a secure and decentralized way.

However, because of the way Ethereum is built, it can be slow and expensive to use, especially when a lot of people are using it at the same time. This is where Polygon comes in.

Polygon (previously known as Matic Network) is a Layer 2 scaling solution for Ethereum (like an addition to Ethereum), designed to make it faster and cheaper to use. It does this by allowing some transactions to take place outside of the Ethereum network, in a more efficient way, before eventually being recorded on the Ethereum ledger.

In other words, Polygon is built on top of Ethereum to help address its scalability issues, allowing for faster and cheaper transactions, while Ethereum is the underlying blockchain network that provides security and decentralization.

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