The Matic Network is a platform designed for Ethereum scaling and infrastructure development. Recently, the project was rebranded to Polygon, but the trading ticker remains as MATIC. This Layer 2 scaling solution is backed by Binance and Coinbase and is already used by many projects like Aavegotchi and others.
It’s crucial to understand that Polygon is a protocol built for connecting Ethereum-compatible blockchain networks. It is not a new kind of Ethereum, it’s a project aimed at improving the current Ethereum ecosystem by providing higher throughput and dealing with the high gas fees.
Ethereum, on the other hand, is the main blockchain that features smart contracts functionality. Polygon combines the best of ETH with other blockchains into one adding even more security and a better user experience.