Ethereum and Polygon are both types of blockchains, which are like digital ledgers that keep track of all the transactions made on the network. However, they have some differences in how they work and what they are used for.
Ethereum is one of the oldest and most well-known blockchains. It is used for creating and managing digital assets, such as digital art, video game assets, and other collectibles, using smart contracts. It is also used for creating decentralized applications (dApps) and for making transactions using the cryptocurrency called Ether.
Polygon, on the other hand, is a newer blockchain that is built on top of Ethereum. It is designed to improve the scalability and speed of the Ethereum network. It does this by using a different type of technology called a “sidechain”, which allows for faster and cheaper transactions.
So, to put it simply for your grandma, Ethereum is like a big city with lots of different things happening, like buying and selling digital assets, running dApps, and making transactions. Polygon is like a smaller town that is built on the edge of that city, it’s like a shortcut that can make the transactions and interactions faster and cheaper, but still connected to the bigger city.