4. **Polygon (formerly Matic Network)**: - **Overview**:…

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4. **Polygon (formerly Matic Network)**:
- **Overview**: Polygon is a Layer 2 scaling solution for Ethereum, aiming to provide faster and cheaper transactions.
- **Scalability Approach**: Uses sidechains and a modified Proof of Stake mechanism to offload transactions from the main Ethereum chain.
- **Use Cases**: Facilitates scalable solutions for dApps with high transaction volumes.