Is polygon an autonomous blockchain?

Not an autonomous blockchain: Polygon is a Layer 2 solution that works atop the Ethereum platform. If the Ethereum platform experiences serious disruptions or ceases to exist, then Polygon would likely lose its value. Limited use cases for MATIC: The MATIC token is designed to govern and secure the Polygon platform and pay transaction fees.

What is a sidechain in blockchain?

A sidechain is a semi-independent blockchain that works in tandem with an associated 'main chain'—usually to improve its speed or capabilities. Beyond this, there are two mandatory layers. The first is the Polygon networks layer, which is the ecosystem of blockchain networks built on Polygon.

What is Ethereum's Internet of blockchains polygon?

Ethereum's Internet of Blockchains Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem. Scale your Decentralized app in 30 mins.

What is polygon (Matic)?

Polygon is a cryptocurrency, with the symbol MATIC, and also a technology platform that enables blockchain networks to connect and scale. Polygon—"Ethereum's internet of blockchains"— launched under the name Matic Network in 2017. 1 The Polygon platform operates using the Ethereum blockchain and connects Ethereum-based projects.