Why is Polygon the next big thing in the crypto world?

economictimes.indiatimes.com:

Polygon was one of the top-performing crypto assets on CoinSwitch, in terms of the trading volume. Polygon, formerly known as the Matic network, was founded in India in October 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.

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Fun fact:The Polygon founders are India's first crypto billionaires. Through Polygon's white paper, they were the first to address the key issues associated with Ethereum – high gas fees and network bottlenecks. They formed a team that believed in creating a seamless and borderless world that could run on Ethereum efficiently to get around them.How does Polygon come to Ethereum's aid? Polygon is an ingenious problem solver. Ethereum has its own set of issues with scalability and fees, which can sometimes result in a subpar user experience. With a large user base, Ethereum's networks are frequently clogged, making transactions expensive for everyone. With these issues on Ethereum and no viable alternative, Polygon has emerged as a hero. This India-based blockchain platform has addressed these issues by implementing an innovative, one-of-a-kind Layer-2 solution, enabling Polygon to use Ethereum for transaction verification at a fraction of the cost. With the Layer-2 solution, Polygon does not require its own primary blockchain to function; instead, it operates on top of Ethereum's network. Polygon also employs side chains, which intelligently divert traffic and user transactions away from the leading network, freeing up computing power.The rise Polygon