MATIC (Matic Network) | Cryptocurrency In Singapore

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.

Use Cases

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.

Matic Network Pte Ltd

9 Temasek Boulevard #04-02, Suntec Tower Two, Singapore 038989

Official website: https://matic.network

Product
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Wallet
iOS Version
GooglePlay

Dagger
Dagger+Zapier

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Additional Resources
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Docs
Whitepaper
Litepaper
Developers
Roadmap
Dev Support
Use Cases

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Social Media
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Github
Medium
Twitter
Kakao
Telegram

Contact Us
Business
Marketing

Konichiwa Matic community!

Matic is heading to DevCon in Osaka, Japan this October 10th where we’ll take part in the Layer 2 Meetup.

Thought leaders of Layer 2 solutions will gather to discuss the development that’s gone in to second layer solutions.

Our Co-founder & CPO, Anurag Arjun will be speaking on the topic of "UX and DX in Layer 2 solutions". Get ready for all things Layer 2 solutions. Lightning talks, panel discussions, and networking to conclude the event.

We look forward in connecting with the Japanese community!

Register here: https://www.eventbrite.com/e/layer-2-meetup-osaka-edition-tickets-71342251595

 

MATIC Token

Ethereum was chosen as the first platform to showcase our scalability. We have now implemented a 2-way bridge between the ERC-20 and (BEP-2) MATIC-84A token which is on the Binance Chain. The bridge will be live prior to listing, and Matic will move a certain amount of tokens for initial liquidity. To initiate the ERC-20 to BEP-2 conversion/swap process please go here

Total supply: 10,000,000,000

The $MATIC token is used to incentivize security on the network and ensure that the token holders are all rewarded for the growth of the network. This aligns incentives and it means the platform can become scalable and secure in a permissionless setting.