Scalable, Instant, And Secured Transactions for Blockchains.
- Matic Network is a layer-2 scaling solution with side-chains for off-chain computation, while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. It aims to offer scalable and instant blockchain transactions.
- By utilizing adapted version of the Plasma framework, the system is built on PoS checkpoints that are pushed to the Ethereum main-chain. As a result, it is expected to allow each Matic sidechain to theoretically achieve 2^16 transactions per block.
- Matic Network has been a significant contributor to the Ethereum ecosystem, having worked on implementations of Plasma MVP (Minimum Viable Plasma), the WalletConnect protocol, and Dagger, a popular Ethereum event notification engine. Many projects have already been building applications on and integrating with Matic.
- MATIC is an ERC-20 token running on Ethereum, it used to pay for services on the Matic Network but also serves as a settlement currency between users who operate within the Matic ecosystem.
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