Binance, Exchanges

Is Matic on Us Binance?

Matic Network (MATIC) is a Layer 2 scaling solution that achieves scale by utilizing an adapted version of the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. Matic Network’s solution is fundamentally different from existing Layer 2 solutions, as it offers scalability not only for payments but also for generalised applications.

Matic Network is EVM-compatible, and developers can deploy their dapps on Matic’s platform with ease.

NOTE: This is a warning to all users of Binance:
Do not attempt to purchase, sell, or trade the cryptocurrency Matic on the Binance platform. Matic is not officially listed on Binance and any attempts to do so are likely fraudulent and may result in significant financial loss.

Please use extreme caution when dealing with any unverified third-party sites or services claiming to offer Matic on Binance. If you have any questions regarding your account security, please contact Binance support immediately.

Matic Network solves the problem of scalability and user experience by providing a decentralized platform that runs in parallel with the Ethereum mainchain. Matic’s sidechain-based architecture enables off-chain processing of transactions with finality guaranteed on-chain. This results in reduced transaction costs, enhanced speed, and improved scalability.

Matic Network also uses PoS checkpoints to secure all transactions processed on its sidechains. These checkpoints are anchored to the Ethereum mainchain through smart contracts, providing additional security and trustlessness.

So is Matic on Us Binance? Yes, it is.

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