Home Altcoins News Matic Network Encouraging Developers to BUIDL with Them Ensuring Ethereum Compatibility

Matic Network Encouraging Developers to BUIDL with Them Ensuring Ethereum Compatibility

Matic Network Ethereum

Matic Network are focused on providing better digital products with decentralization.  The team feels that currently there are several ecosystems which to not provide for usability and convenience in terms of user experience.  They also point to how decentralized transactions are slow, complex and expensive.

Matic Network has made it to media mentions in CNBC Crypto Trader and Korea Crypto Social. For those developers who are looking to build Dapps and are looking for a scaling solution, they are encouraged to get in touch with the Matic team.  They are willing to help the developers to achieve scaling, but also are willing to provide the best UI/UX to users.

Matic have to state that they have made it easy for developers to build on Matic providing for low cost, EVM compatible, fast approximately 1s block times, and developer support program.

The developer support program makes it possible for developers to get grants to build on Matic.  Apart from funds, developers also get Marketing and Fundraising support.

The side chains at Matic Network provide approximately 1 second blocks to provide for real world use cases.  Since the Matic chains are Ethereum Virtual Machine based side chains, it is possible for developers to make use of the same developer tools like on Ethereum and to deploy them faster.  

The best thing about Matic Network is that the transaction costs on the Matic Side Chains are 1/100th of their fees when compared to Ethereum.

The Matic Ecosystem provides several tools like Matic SDK, Matic Wallet, Dagger, Block Explorer, Validator Monitoring, and Network Monitoring Tools.

Matic Network Facilitating Different Kinds of Interactions

There are different types of interaction happening on Matic like Matic PoS chain, Ethereum + Matic with PoS bridge, Ethereum + Matic with Plasma Bridge.  Tutorials are available for all the interactions.  There are also tutorials for advanced usage like Calling Plasma Contracts, Swap Assets, Deploying Matic Locally, and Adding Custom Restrictions like ERC20 and ERC721.

It is important to note that ERC20 tokens on the Matic chain are standard contract

Developers will be able to deploy their smart contracts on the Matic Network by using Remix and with Truffle.  There is a detailed guide on how to set up the environment for using Truffle.

For clarity, Remix IDE is an online IDE to develop smart contracts.  Those who are new to Remix will have to activate two modules using the Solidity Compiler plugin and the Deploy and Run Transactions Plugin.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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