Exclusive MATIC interview update with Sandeep (COO). Everyone is talking about Matic because is about to hit the Binance Launchpad. But was is Matic? Matic is a Layer 2 scaling solution. The Matic Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains. It is agnostic by design and can thus apply to other blockchains in the future.
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0:04 Introduction to Matic by Sandeep Nailwal (COO)
0:40 Binance Launchpad coming
0:51 Matic Recap. What is Matic?
2:04 The Matic Stack
5:21 Matic & Ethereum connector + Adapted Plasma network
6:28 Use Case
9:33:09 Matic is Popular in India + strong Dev community
12:12 Massive Developer Program
13:01 Binance Launchpad announcement
13:26 IEO Dates
13:35 Binance Selection Process
15:25 Why Binance?
18:34 Post IEO
20:11 Sandeep’s Final Statements
Matic Network solves the above problems by building a decentralized platform using an adapted version of Plasma framework that provides a solution for faster and extremely low-cost transactions with finality on the main chain.
The system ensures liveliness using PoS checkpoints which are pushed to the Ethereum mainchain. This enables a single Matic sidechain to theoretically achieve 2 16 transactions per block, and possibly millions of transactions on multiple chains in the future.
Decentralized Apps are making huge progress but the current blockchain ecosystem is not prepared to scale as per the demand.
The issues of slow block confirmations and high gas fees need to be solved before we target mass adoption by mainstream users. And most importantly, it needs awesome user experience.
We aim to change that by simplifying the interaction between users and the decentralized world. We want to make interacting with the decentralized ecosystem so easy that anyone can do so without worrying about the complexity of the system.
I have not Invested in this project. I intend on investing in the future when possible. This is not Financial Advice. #DYOR always.
This was 100% free and I received no financial compensation from the Matic Team for doing this video; not in fiat, tokens or any form on payment. Since several months ago, I decided to do only free content unless legitimate ambassadorships were involved. I believe that sponsored content is not a problem if disclosed, but this was NOT sponsored and there was absolutely no compensation received in any way, shape or form for this interview that I receive. For additional disclosure, I want to let you know that I have not yet invested in this project, but I would very much like to. This is not Financial Advice. Please #DYOR
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