The Polygon network is a decentralized Ethereum scaling platform and enables scalability and infrastructure development for DApps. The Matic network is an implementation of the Plasma framework for ETH and in the bigger picture, aims to provide off/side chain solutions for blockchains in general.
Matic uses Proof-of-Stake (PoS) at checkpointing and block producers at the block producer layer. This helps achieve faster blocktimes as well as a high degree of decentralization.
With the help of Polygon, any project can have a dedicated and optimized instance of Ethereum combining sovereignty, scalability and flexibility with Ethereum’s interoperability and developer experience.
The total MATIC supply is capped at 10 billion coins and more than 37,000 DApps have utilized Polygon already.