Scalable and secure blockchain network
Matic Network is developing a layer-2 solution for the Ethereum blockchain. The goal of the platform is to create a platform to support scalable and instant blockchain transactions. In order to do that, Matic will bring massive scale to Ethereum using a modified version of Plasma with PoS based side chains.
The company said that with Matic Network’s solution, users will be able to enjoy a new level of experience when they access decentralized services. In addition to that, the fee is no longer a huge problem since the protocol offers extremely low-cost transactions with finality on the main chain.
Matic Network was launched in 2017, with headquarter located in Mumbai, India. The company has established multiple partnerships with key industry leaders such as Binance, Coinbase, and so on.