Matic Network

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The Matic Network (MATIC) project is building a scalable blockchain network that offers instantaneous transactions through a variation of the Plasma scaling solution. 

Founded in 2017 by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, the platform was originally conceived as a result of Kanani’s efforts on a side project that required a large scale of microtransactions. Along with Nailwal and Arjun, the founding team began tinkering with the Plasma architecture after quickly realizing implementations of Plasma had both usability and scalability issues, which spurred the team to develop their own scalable blockchain architecture. 

The scalability issues that Ethereum has faced with large scale use of decentralized apps like CryptoKitties has spurred many projects to develop solutions that could accommodate a large number of simultaneous transactions in preparation for a future time when dapps are the norm. Matic Network is specifically targeting the problems of block time confirmations, high transaction fees and user experience.

The team is overcome these obstacles by modifying the much talked about Plasma architecture, a scalability solution that was first theorized by Joseph Poon and Vitalik Buterin in 2017. Matic Network’s own architecture is a variation of this. Plasma is an off-chain solution that is being reviewed and developed on by multiple projects. The architecture uses a Proof-of-Stake checkpoint system to periodically push transactions to the main chain. The team says that this should allow a single Matic sidechain to achieve 216 transactions per block.

Matic Network has a working Ethereum implementation on the Kovan testnet, and has launched an alpha version on the mainnet. Users can also deposit and withdraw ERC-20 assets using the Plasma implementation. Current development efforts focus on a beta version of the mainnet, Plasma-based asset swaps and generic smart contract support, all of which is expected in Q3 2019. A full mainnet release is expected in Q4 2019 or Q1 2020.

MATIC / BTC technical analysis [BINANCE]

3 weeks ago 1 minute read MrBullishSail $1.13 tipped

MATIC seen from the temporality of 1D we can observe how the price has managed to break the resistance of the major figure, indicated in the chart above by a dark blue diagonal, this has happened after the price rose to break the pennant of the r...

Fundamental Analysis MATIC, FLETA, HARMONY: possible rebound to immediate resistance.

4 weeks ago 6 minute read daniejjimenez $2.65 tipped

The 3rd generation platforms continue to demonstrate in the last quarter of 2019 that they are an excellent option for both decentralized application development due to their high scalability and underlying technology far superior to their predecesso...

MATIC / BTC technical analysis [BINANCE]

6 Sep 2019 1 minute read MrBullishSail $1.66 tipped

MATIC seen from the temporality of 1D we can observe how the price has been forming higher and higher minimums since it touched the diagonal of tendency and it was done the pullback of recovery of the support located in the 104, at the moment the...

MATIC Network Sept 2019 Update - DeFI, Gaming, Partnerships & Adoption W/ Sandeep Nailwal

5 Sep 2019 2 minute read Cryptokoala $1.83 tipped

Matic Network - Hello Crypto and Blockchain community. Today I talk with Sandeep Nailwal the Co - Founder and Chief Operations Officer At the Matic Network. providing a community update interview on the project. The recent partnerships and collabora...

3 Promising Crypto Project From Top 200 That Can Soon Enter Top 100 on Coinmarketcap

9 Jul 2019 4 minute read paulOf91 $3.86 tipped

Yes yes, Bitcoin is once again booming - great! Looking good. However, whilst everyone starts to worry about their altcoin collection going through the chopping machines here are 3 promising projects that I think have the potential to reach the top 1...

Matic Network - Ethereum's Scaling Solution

21 May 2019 7 minute read Mike Bateman $1.24 tipped

It’s been awhile since I last wrote an article and it seems fitting that I begin writing again with a true winner in Matic Network. For those of you who aren’t familiar with my articles this piece is intended to get you familiar with the project, wha...