PolygonLabs, founded in 2017 - originally Matic Network by four Indians – Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic also placed in the list. The company underwent a rebranding in February 2021, adopting the name Polygon. It employs a proof-of-stake consensus mechanism to facilitate on-chain transaction processing, much like Ethereum.
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