A token with the promise of scaleable, secure and instant transactions.
The Matic Network is a blockchain application platform which provides developers with the ability to introduce cheaper and faster transactions with no compromise in security, utilizing Ethereum sidechains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators.
Launched in 2017, the network’s initial hypothesis was to build a platform that developers would find easy to develop on, and would work as a Layer 2 solution to Ethereum. Their solution is to hold a core Proof-of-Stake layer with the MATIC token securing it.
Beyond its usage in security and as a unit of exchange on the network, the Matic token is positioned as a medium of financial incentive for the users who want to make contributions to the Matic Network and keep its ecosystem alive.
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