Matic Network Hybrid Solution Backed by Validators Scalable Blockchain TransactionsFebruary 26, 2020
Matic Network have made huge progress so far in terms of technical development with outstanding rates of adoption. About 40+ Dapps are onboarding and they are exploring integration with the Matic Network. This ranges from several categories ranging from gaming to DeFi.
Matic Network is in a mission to accelerate the decentralized movement. Matic got in to the hands of several members in the community via the Binance Lottery System.
The Matic Network Ecosystem has enough tokens distributed towards the sustainability of the Matic blockchain. They have enabled as many tokens as possible to be distributed in the community.
Matic has collaborated with the most recognizable leaders in the industry like Coinbase and Binance.
Sydney Ifergan, the Crypto Expert tweeted: “Matic Infrastructure is used by Decentraland to scale their in-game transactions. Several others like Harmony, Incento, BetProtocol, SpringRole, Koinfox and others are tapping in to the potential of the Matic Infrastructure.”
Matic Network Entrepreneurial Attitude
The transactions on the blockchain network are scalable. It makes use of the adapted version of Plasma with PoS based side chains.
Matic recently tweeted: “Check out our in-depth analysis of Mudra, the super rare Matic-themed @Chain_Guardians NFT! Mudra has a compelling backstory, a meaningful name and a unique set of characteristics to accurately reflect Matic Network and our origins.” Also tweeted: “Don’t miss your chance to grab yourself a super rare supercharged edition of Matic’s very own ChainGuardian! Prepare for battle with Mudra, the defender of the World of Matic. Grab yours on OpenSea.”
Jaynti Kanani, CEO Matic in the past tweeted: “If I had always done what I was ‘qualified’ to do, I’d be pushing a broom somewhere.” The entrepreneurial attitude is very obvious in the tweet.
Sandeep Nailwal, COO Matic, recently tweeted: “Congratulations to @decentraland team Kudos for the hardwork to @eordano @arimeilich and the entire crew of Decentraland!” Game loves would sure love Matic Network.
Matic Network Hybrid Solution
Scaling is very important for bigger blocks in existing blockchains, new layer 1 blockchains including ETH 2.0, off-chain scaling solutions like plasma, state channels, True bit, and Rollups.
The overall off-chain design pattern permits assets to move from one chain to another, execute transactions off-chain, and submit snapshots of off-chain states, dispute resolution mechanism, and more.
Matic Network makes use of the hybrid solution backed by validators staking the MATIC token. Data availability is one of the major assumptions in plasma implementation. Data availability guarantees are important in the process to ensure sync data from side chains to facilitate challenges.