# Polygon (Matic Network): Scalable and Instant Blockchain Transactions of Assets Content type: Research Paper Summary: 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 E Key concepts: Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, polygon, sidechains, scalability, interoperability, ethereum, matic
Whitepaperintermediate

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

Jaynti Kanani, Sandeep Nailwal, Anurag Arjun

Project WhitepaperJanuary 2019

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.

Key Findings

  • 1Combined Plasma-inspired sidechains with PoS consensus.
  • 2Enabled fast and inexpensive cross-chain asset transfers.
  • 3Focused on Ethereum Virtual Machine (EVM) compatibility.
  • 4Provided a structure for scaling decentralized applications via sidechains.

Topics

polygonsidechainsscalabilityinteroperabilityethereummatic
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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

BibTeX

@misc{polygonmatic2019,
  title = {Polygon (Matic Network): Scalable and Instant Blockchain Transactions of Assets},
  author = {Jaynti Kanani and Sandeep Nailwal and Anurag Arjun},
  year = {2019},
  howpublished = {\url{https://github.com/maticnetwork/whitepaper/raw/master/matic-whitepaper.pdf}},
}

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