Established in 2017, Polygon (also known as Matic Network) is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. The company was founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. The India-based platform is an open-source project built by a worldwide decentralized team of contributors. The framework combines Ethereum and sovereign blockchains into a multi-chain system. This multi-chain system is akin to other ones like Polkadot, Cosmos, Avalanche etc., alongside Ethereum’s ecosystem.

Cloud mining is the process of cryptocurrency mining utilizing a remote datacenter with shared processing power.
This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware.
The mining rigs are housed and maintained in a facility owned by mining company and the customer simply needs to register and purchase mining contracts or shares.
Since cloud mining is provided as a service, there is generally some cost and this can result in lower returns for the miner.