We are a team passionate about decentralization and better products. The current decentralized eco-system lacks usability and convenience. Decentralized transactions are slow, expensive and complex.
We aim to change this by leveraging a combination of blockchain scaling, developer platform and tools, and a rabid focus on user experience. We aspire to see a world where blockchain gains mainstream adoption, and fulfills it's true promise.
Matic Network is a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators.
Matic strives to solve the scalability and usability issues while not compromising on decentralization and leveraging the existing developer community and ecosystem. Matic Network is an off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities.
Key Features & Highlights
- Scalability: Fast, low-cost and secure transactions on Matic sidechains with finality achieved on mainchain and Ethereum as the first compatible Layer 1 basechain
- High Throughput: Achieved up to 10,000 TPS on a single sidechain on internal testnet; Multiple chains to be added for horizontal scaling
- User Experience: Smooth UX and developer abstraction from mainchain to Matic chain; native mobile apps and SDK with WalletConnect support
- Security: Matic chain operators are themselves stakers in the PoS system
- Public Sidechains: Matic sidechains are public in nature (vs. individual DApp chains), permissionless and capable of supporting multiple protocols.
Payments - Integrate Matic Payments on your DApps with a few simple steps. Settle payments on-chain whenever needed. Payment transactions on Matic Network can be confirmed in sub-seconds due to faster block generation times while incurring significantly lower fees. Make payments smoother and friction-free for users on your DApps. Matic provides payment APIs/SDKs for DApps, merchant, and users to instantly accept or pay in crypto assets like ERC20 tokens, ETH, and others.
Decentralized Exchanges - Today, decentralized exchanges lag behind their centralized counterparts due to low transaction throughput and high wait times. Matic can help Decentralized Exchanges provide faster and cheaper trades for their users. Decentralized exchanges can run on steroids when integrated with Matic Network. Matic provides support for decentralized exchanges and enables trust-less, reliable and easy crypto trades. The decentralized exchange is the future for digital assets and provides better security and solvency than centralized exchanges.
Gaming Networks - Historically, games have been run by companies who control the supply and sale of in-game currencies as well as digital assets and collectibles. Users do not own the assets they buy or win on traditional gaming platforms. Blockchain offers us a credible way of users taking control of their assets for ownership and trade. Matic can help increase the efficiency of performing transactions of gaming networks over a blockchain. Transactions such as buying or selling in-game currencies and buying and digital assets can be significantly sped up.