Matic Network is a Layer 2 scaling solution that achieves scalability through sidechains. It is a decentralized platform that enables instant, low-cost, and scalable transactions.
Matic Network is based on an adapted version of the Plasma framework proposed by Vitalik Buterin and Joseph Poon in 2017.
Matic Network aims to solve the scalability problem of blockchains by providing a decentralized platform that enables instant, low-cost, and scalable transactions. Matic Network is based on an adapted version of the Plasma framework proposed by Vitalik Buterin and Joseph Poon in 2017. Matic Network’s Plasma implementation is unique in several key ways:
Matic Network usesPoS based checkpointing mechanism to secure the main chain. This eliminates the need for a central relay chain, which reduces both latency and gas costs.
Matic Network’s sidechains are powered by DPoS consensus, which allows for high throughput while maintaining decentralization.
Matic Network uses an adapted version of the Plasma framework that enables Ethereum smart contracts to be deployed on sidechains. This allows for greater flexibility in terms of scalability solutions that can be built on top of Matic Network.
The Matic team is composed of experienced blockchain engineers and researchers who are building a production-ready blockchain platform that can power large-scale applications. The team has a strong track record in building developer tools and infrastructure. Notable team members include:
Sandeep Nailwal – Co-founder & COO: Previously worked as Chief Business Officer at Zynga India, where he oversaw all business operations. Prior to Zynga, he co-founded Sherpalo Ventures with Google co-founder Sergey Brin.
Sandeep has also worked as an early engineer at Google India.
Rahul Singhal – Co-founder & CEO: Previously worked as a senior engineer at Adobe Research, where he was part of the team that developed Adobe XD, a vector graphics editor. He has also worked as an engineer at Microsoft Research India and Amazon Development Center India.
Anurag Arjun – Co-founder & CTO: Previously worked as a senior software engineer at Google India, where he was part of the team that developed Google Street Views for India. He has also worked as an engineer at Microsoft Research India and Flipkart Online Services Pvt Ltd.
The Matic team has a strong track record in building developer tools and infrastructure. Notable team members include: Sandeep Nailwal – Co-founder & COO: Previously worked as Chief Business Officer at Zynga India, where he oversaw all business operations. Sandeep has also worked as an early engineer at Google India.
Rahul Singhal – Co-founder & CEO: Previously worked as a senior engineer at Adobe Research, where he was part of the team that developed Adobe XD, a vector graphics editor. He has also worked as an engineer at Microsoft Research India and Amazon Development Center India Anurag Arjun – Co-founder & CTO: Previously worked as a senior software engineer at Google India, where he was part of the team that developed Google Street Views for India. He has also worked as an engineer at Microsoft Research India and Flipkart Online Services Pvt Ltd .
Can You Buy Matic on Coinbase? – Yes! You can buy matic on coinbase using either fiat currency or cryptocurrency.