Matic Network has impacted the blockchain industry and has gained massive interest since its inception. With its claims to ensure mass adoption level scaling ability, lower costs and stellar security due to the fact that it is built on the Ethereum Blockchain, it has earned its position as one of the most effective solutions which previously hindered public enterprise adoption. Matic stands preeminent as a scaling network with virtually unsurpassable potential.

Matic Mainnet completion is literally days away (31 May 2020) which is causing a stir within the crypto community. This milestone event has been anxiously awaited over the last few months with some consternation being caused by mainnet launch delays in order to ensure the perfect operation of the Network through thorough testing. Matic transactions are super-fast; up to 65 000 TPS on a single sidechain and hundreds of sidechains can be created if required. The video below was made some time ago but nevertheless shows the scalability Matic offers to the Ethereum blockchain and other blockchains.

Matic Network - 1 Second TXN

Why Buy Matic Now - Today

Matic has increased in value over the last 30 days by approximately 80% but this has only really been a recovery from its previous price before the world reaction to the pandemic which caused markets worldwide to decrease substantially. With the mainnet launch also ensues the promised realization of a number of major events and huge financial opportunity.

• Binance US - On the 13th of May 2020, Binance.US stated that it "will list Matic once their mainnet goes live. Matic announced earlier today that their mainnet launch will be spread over multiple steps to ensure that the mainnet deployment and validator onboarding is achieved as smoothly as possible."
• Coinbase Listing - Is highly probable after Matic Mainnet for the following reasons. Firstly, Ethereum-powered layer-two scaling solution Matic Network (MATIC) has today announced Coinbase Ventures, the venture capital arm of top-tier cryptocurrency exchange Coinbase, as an investor in its seed round (30 April 2019). Secondly, "Coinbase, the largest US cryptocurrency exchange, has added a new digital asset to its custodial service. Matic, the native token of Matic Network, can now be deposited and withdrawn by the institutional firms that utilize Coinbase Custody (22 January 2020)". It is reasonable to assume that Matic will be one of the next coins to be added to Coinbase exchange in the weeks following mainnet launch (this was not possible before mainnet). 

Additionally, Matic is likely to be affected by the following as well:

• Both Binance and Coinbase have recently been heavily investing in the Indian crypto market. India has over 1 Billion people and the Matic team reside in India which makes Matic highly favoured in that market. 
• Binance/Matic $50 000 Competition: Binance and the Matic team have committed a total of 50,000 USD in MATIC tokens as prizes to celebrate the successful launch of the Matic mainnet and also the recent addition of the MATIC/BUSD trading pair on Binance.
• Matic Massive Adoption - Even though most blockchains have not experienced any adoption over the last few weeks Matic has continued to grow and currently, several projects a week are joining the Matic Network family.

Even though Matic Network adoption levels are high this is like to increase substantially after mainnet as hundreds of existing Ethereum Blockchain projects begin using Matic for scaling their operations.

Matic is one of the most exciting project developments since the inception of blockchain technology. It is primed for tremendous and exponential growth in 2020.

Update

NYSE Listed $40bn Indian Tech Icon Infosys joins Matic Network as early validator

The Indian tech Icon Infosys is rapidly establishing deep know-how in the blockchain industry. Infosys’ Leadership's matured understanding of the open-source, public & transparent nature of the blockchain industry is helping it expand it's horizons into public blockchain space as well. They intend to join as an early validator on Matic Network to get a thorough understanding of the secure, high-performance infrastructure required for the global public DApp ecosystem like Matic to reach mass adoption.

Read more: https://buff.ly/3euIYVu

FOR OTHER MATIC ARTICLES BY THE SAME AUTHOR GO TO BLOCKCHAIN INNOVATION

Join the Matic Network Family

For those interested in building / integrating with the Ethereum / Matic network you can contact a member of the team at https://matic.network/about/ where individual team members contact information can be found, or at [email protected]

Images

Source: Https://twitter.com/Smartmen6

Source: Https://twitter.com/Smartmen6