BlockchainBrad chats with Sandeep Nailwal (COO) of Matic (@maticnetwork). Matic is all about making scalable and instant blockchain transactions. But how? Matic Network solves the blockchain trilemma by building a decentralized platform using an adapted version of Ethereum’s Plasma framework that provides a solution for faster and extremely low cost transactions with finality on a main chain.
Sandeep Nailwal. Co-founder & Chief Operating Officer (COO)
Matic Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains.
Scalability is implemented by using a decentralized Plasma operator mechanism with finality achieved on a main chain.
High Transaction Throughput
Can scale to millions of transactions on a sidechain tree architecture. 65k transactions/second on a single Matic chain.
Smooth UX abstraction from mainchain to Matic chain. Native mobile apps and SDK with WalletConnect support.
The Matic chain(s) operators are themselves Stakers and Delegates in a Proof-of-Stake system in the Matic Network.
Assets in different sidechains across various blockchains will be made inter-operable by Matic Network in the near future.
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 a main chain.
The system ensures liveliness using PoS checkpoints which are pushed to the Ethereum mainchain. This enables Matic to theoretically achieve 2 16 transactions per block on a single plasma chain, and possibly millions of transactions on multiple chains in the future.
Toolkit for developers
Matic helps you to scale your DApps massively. You can even use your own tokens as settlement fees to run the Network. It provides SDKs and APIs for faster and easy development.
disclaimer: this is all purely for educational value and it not, in any way, financial advice.
Investment disclaimer: I have not invested in this project. This was an entirely free VIDEO. no tokens, freebies or donations were issued in exchange for this content. This is for you, the people. Education is the real power of crypto.