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| Matic Network (MATIC) |
Crypto News Matic Network (MATIC) Review
Cryptocurrency is a digital or virtual currency designed to work as
a medium of exchange.
It uses cryptography to secure and verify transactions as
well, as to control the creation of new units of a particular cryptocurrency.
Essentially, cryptocurrencies are limited entries in a database that no one can
change unless specific conditions are fulfilled.
However, there is a lot
of Cryptocurrencies more than one thousand coins (Token) you can also take a
see in the CoinMarketCap page.
So today will take
care, especially of the new token project, as Matic Network or MATIC.
let's get started.
What is Matic Network Token?
Matic Network is a
Plasma Implementation to provide side-chain scalability solutions for public
blockchains.
It provides also scalability while ensuring a superior user experience in a secure and decentralized manner. Matic Network is also building a sidechain platform for Ethereum that will bring about massive scalability and throughput.
It provides also scalability while ensuring a superior user experience in a secure and decentralized manner. Matic Network is also building a sidechain platform for Ethereum that will bring about massive scalability and throughput.
It was recently an IEO held on the Binance Plateforme Trading.
What is Plasma?
Plasma is an off-chain solution for the scaling problem in public blockchains created by the co-founder of Ethereum and a co-author of Bitcoin.
Matic Network Technical Details
- Ticker: MATIC.
- Token type: ERC20.
- ICO Token Price: 1 MATIC = 0.00263 USD.
- Fundraising Goal: 5,600,000 USD.
- Total Tokens: 10,000,000,000.
- Available for Token Sale: 32.3%.
- Team Location : India.
- BLOCKCHAIN : Ethereum (ERC20).
What About the Features And Highlights
Of Matic Network?
- Security: Matic chain operators
are themselves stakes in the PoS system.
- High
Throughput: Achieved up to 10,000 TPS on a single sidechain on the internal test net.
- Scalability: Fast, low-cost and secure transactions on Matic
sidechains with finality achieved on mainchain and Ethereum.
- User
Experience: Smooth UX and developer abstraction from mainchain to Matic chain;
native mobile apps and SDK with WalletConnect support.
- Public
Sidechains: Matic sidechains are public in nature,
permissionless and capable of supporting multiple protocols.
- Matic Network has
always been strongly focused on facilitating the adoption of blockchain in
India especially.
What About The Disadvantages Of The Matic Network?
Some of the problems associated with the current
blockchain platforms are as follows:
Slow Transactions
Each transaction also has to wait for multiple blocks
confirmations due to potential chain re-organizations.
High Transaction Fees
Higher fees
vary depending upon the pending transaction pool size due to the limited block
size.
Multiple Micropayment Channels
Opening and managing channels with multiple DApps or
users is complex.
The speed and convenience of mediated payments
over channels is still up for debate.
But in the near
future Matic network going to solve all these problems.
What About The Team Of
Matic Network :
Matic Network team consists of 12 members, The the team is solid and experienced enough in terms of development and delivering the
product.
Jayanti Kanani: Kanani is the co-founder and CEO of Matic.
With a Bachelor of Engineering at Dharmsinh Desai Institute of Technology
as well as experience working as a data scientist at Housing.
Sandeep Nailwal: A former Deloitte
consultant and ex-CTO of the e-commerce division of Welspun Group. He is also
the co-founder and COO of Matic.
Anurag Arjun: The co-founder and CPO of Matic, Arjun has
previously been the AVP of Iris Business as well as a serial entrepreneur
involved in multiple projects.
Esteban Ordino: the founder & CTO
at Decentraland.
Pete Kim: Head of Engineering for Wallet at Coinbase.
Ari Meilich: Project Lead at Decentraland.
What About The Partnerships Of Matic Network?
- Decentraland: is a virtual reality platform that is
built on top of Ethereum.
- QuarkChain: is a permissionless blockchain architecture that plans to provide a secure, decentralized, and scalable blockchain solution using
sharding technology.
- Ankr Network
- Portis
- MakerDAO
- Ripio
Credit Network.
Conclusion
Matic
Network is Going to solve the actual problems faced by blockchain industry.
Also
MATIK has already released the testnet and plans to release a Mainnet.
Matic Network has cooperated with
Decentraland, CryptoStaw, and other projects to provide a better user
experience with lower transaction costs to end-users.
Finally
the project will reach the purpose to raise $5,000,000 on public sale.
Click here to start trading Matic Network on Binance
#crypto #maticnetwork #matic #MaticNetwork #Matic #Cryptocurrency
Matic Network Technical Details
- Ticker: MATIC.
- Token type: ERC20.
- ICO Token Price: 1 MATIC = 0.00263 USD.
- Fundraising Goal: 5,600,000 USD.
- Total Tokens: 10,000,000,000.
- Available for Token Sale: 32.3%.
- Team Location : India.
- BLOCKCHAIN : Ethereum (ERC20).
What About the Features And Highlights Of Matic Network?
- Security: Matic chain operators are themselves stakes in the PoS system.
- High Throughput: Achieved up to 10,000 TPS on a single sidechain on the internal test net.
- Scalability: Fast, low-cost and secure transactions on Matic sidechains with finality achieved on mainchain and Ethereum.
- User Experience: Smooth UX and developer abstraction from mainchain to Matic chain; native mobile apps and SDK with WalletConnect support.
- Public Sidechains: Matic sidechains are public in nature, permissionless and capable of supporting multiple protocols.
- Matic Network has always been strongly focused on facilitating the adoption of blockchain in India especially.
What About The Disadvantages Of The Matic Network?
Some of the problems associated with the current
blockchain platforms are as follows:
Slow Transactions
Slow Transactions
Each transaction also has to wait for multiple blocks
confirmations due to potential chain re-organizations.
High Transaction Fees
High Transaction Fees
Higher fees
vary depending upon the pending transaction pool size due to the limited block
size.
Multiple Micropayment Channels
Multiple Micropayment Channels
Opening and managing channels with multiple DApps or
users is complex.
The speed and convenience of mediated payments over channels is still up for debate.
The speed and convenience of mediated payments over channels is still up for debate.
But in the near future Matic network going to solve all these problems.
What About The Team Of Matic Network :
Matic Network team consists of 12 members, The the team is solid and experienced enough in terms of development and delivering the
product.
Jayanti Kanani: Kanani is the co-founder and CEO of Matic. With a Bachelor of Engineering at Dharmsinh Desai Institute of Technology as well as experience working as a data scientist at Housing.
Sandeep Nailwal: A former Deloitte consultant and ex-CTO of the e-commerce division of Welspun Group. He is also the co-founder and COO of Matic.
Anurag Arjun: The co-founder and CPO of Matic, Arjun has previously been the AVP of Iris Business as well as a serial entrepreneur involved in multiple projects.
Esteban Ordino: the founder & CTO at Decentraland.
Pete Kim: Head of Engineering for Wallet at Coinbase.
Ari Meilich: Project Lead at Decentraland.
What About The Partnerships Of Matic Network?
- Decentraland: is a virtual reality platform that is built on top of Ethereum.
- QuarkChain: is a permissionless blockchain architecture that plans to provide a secure, decentralized, and scalable blockchain solution using sharding technology.
- Ankr Network
- Portis
- MakerDAO
- Ripio Credit Network.
Conclusion
Matic
Network is Going to solve the actual problems faced by blockchain industry.
Also
MATIK has already released the testnet and plans to release a Mainnet.
Matic Network has cooperated with
Decentraland, CryptoStaw, and other projects to provide a better user
experience with lower transaction costs to end-users.
Finally the project will reach the purpose to raise $5,000,000 on public sale.
Finally the project will reach the purpose to raise $5,000,000 on public sale.
Click here to start trading Matic Network on Binance
#crypto #maticnetwork #matic #MaticNetwork #Matic #Cryptocurrency
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