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Author Topic: Why Matic  (Read 71 times)
PRYNXX
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January 24, 2021, 09:28:11 PM
 #1

MATIC NETWORK- The Answer For Blockchain Scaling Solutions

Matic Network is a Layer 2 blockchain solution that accomplishes scale by using sidechains for off-chain computations while guaranteeing resource security utilizing the Plasma system and a decentralized organization of Proof-of-Stake (PoS) validators.

Why Matic?

Since the coming of Decentralized apps (Dapps) into existence, there has been huge progress in blockchain as a whole but there is a setback as currently, blockchain can't scale.

Slow transaction rates and ridiculously high amounts of transaction fees otherwise known as gas fees are some major setbacks of blockchain gaining mass adoption by mainstream users. And also there is a problem of UX(user experience) as users who are not familiar with the blockchain out there don't get the best of it.

Matic's aim is focused on changing these problems encountered in blockchain utilization and hopefully develop an easy interaction between users and the decentralized world eliminating the worry of a complex blockchain system.

Matic endeavors to settle scalability as well as usability issues encountered in the blockchain ecosystem without compromising decentralization and leveraging the current developer network and ecosystem. Matic Network is an ​off/side chain scaling answer for existing platforms to give versatility and better user experience than DApps/user functionalities.


Features Of Matic Network

•Scalability
•High Throughput
•User Experience
•Security
•Asset Interoperability

Scalability: Matic network is easily adaptable with noteworthy futures of; fast speed, low gas fees, easy and secured transactions on Matic side chains with certainty accomplished on mainchain and Ethereum as the primary viable Layer 1 base chain

High Throughput: Can scale up to millions on a side chain tree architecture. Achieved up to 10,000 TPS on a solitary sidechain on inward testnet; Multiple chains to be added for horizontal scaling

User Experience: Smooth UX and developer reflection from mainchain to Matic chain; native mobile applications and SDK with WalletConnect uphold

Security: Matic chain administrators are themselves stakers in the PoS system.

Public Sidechains: Matic sidechains are public (versus individual DApp chains), permissionless, and equipped for supporting different protocols.

Asset Interoperability: Assets on different sidechains across various blockchains will be made inter-operable by Matic Network soon.

Toolbox for Developers

Matic encourages developers intending to utilize the matic chain to scale their Decentralized applications (DApps) greatly. Developers are allowed to utilize their tokens as settlement charges to run the Network. It gives SDKs and APIs a quick and simple turn of events.

Matic is easy for incorporating DApps with a couple of straightforward advances and gives users a smooth, quick, and secure user experience. Settle installment on-chain at whatever point required.

Matic Network is a scaling answer for public blockchains. Because of an adjusted usage of Plasma system (Plasma MoreVP) - with a record based execution. Matic bolsters all the current Ethereum tooling alongside quicker and less expensive exchanges.

 Conclusion;

More than 70 dApps have been built on Matic, ranging from DeFi protocols to games and prediction markets. With more validator nodes being onboarded on the Matic Network progressively, it is on the path to full decentralization and becoming the most sought after Layer 2 network in the blockchain ecosystem.

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January 24, 2021, 10:09:12 PM
 #2

This is the way to convince people!  Not just saying something like a price increase in X time.  This way it is more convincing because you stated the strength of the product.  It really get through my interest.  Would be looking at this crypto and will compare it to other leading one in terms of profitability, and product development.

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WalkerIVIV
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January 24, 2021, 10:59:54 PM
 #3

I know that dude but itseems like POLKA has been taking all of the demand from another new smartcontract projects and matic too. There's also USDT matic but it rarely used by people consider the majority of people still prefering to us TRON over matic.
You said that there are lots of dapps but i rarely heard about which dapps that became popular dapps from matic.

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January 24, 2021, 11:11:15 PM
 #4

I haven`t known a lot about the Matic network. Some time ago I was Matic investor, but I sold my tokens soon and left the community. Then Matic launched its own blockhain, which is very fast and secured. I haven`t tried it yet, so your explanation is very helpful for me and other inexperineced people. I`m an GHST holder for now, so I`m waiting for an Aavegotchi mainnet. Aavegotchi will be launched on Matic Network soon, so I will have a lot of opportunities to test this network and try it myself

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January 24, 2021, 11:47:36 PM
 #5

For MATIK, I believe that it will have quite good potential in the market, considering that currently the increased trading volume is also driven by a number of crypto communities who are switching their investment to MATIK. I'm interested and true, the facts don't disappoint me.

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Yaunfitda
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January 26, 2021, 09:40:44 PM
 #6

Is Matic still alive? Lol? Checking the current price now, it seems that it is up by 22% in the last 24 hours. So far so good, initially though there is a lot of hype around when it was released, specially the mainnet, around April-May last year.

So I would say that it needed another set of investors to really push the price to the next level. I would say that competition is very though, but Matic should be there amongst the top.

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SlimShadyMmp
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January 26, 2021, 10:14:41 PM
 #7

It has been supporting so many dapps and actually is great sometimes and others it can take serious amount of time to reach it's target so when eth is congested I will avoid interchains withdrawals

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