UPDATE: Less than 24 hours since Matic’s listing on ZebPay, it is now #2 in trade volume on the exchange.
A token with the promise of scalable,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.
You can learn more about the network and its release process on the Matic blog.
