We’re thrilled to share that we’ll be listing a new exciting asset on the Bitcoin.com Exchange on Monday, May 18th 10:00 am UTC.
Matic (MATIC) trading will go live with Bitcoin and their very first Bitcoin Cash pair.
But what is Matic all about?
For starters, blockchain faces what’s known as the scalability trilemma – which means you cannot achieve all three at once: scalability, security and decentralization, but there will always be trade-offs.
Anyone who has used a dApp built on Ethereum and tried transferring assets during a time of high network load will know what we’re talking about. Transactions become very expensive, take a lot of time or don’t even go through at all. This has famously happened with Crypto-kitties.
Some blockchain companies sacrifice decentralization to achieve scalability, others security. Neither approach is solving the trilemma. Others are proposing a whole new blockchain solution for dApps ignoring that ethereum already has a very active developer base with existing dApps that enjoy network effects and want to continue to do so.
Matic Network proposes an original solution to solve this problem while catering to anyone who wants to run dApps on ethereum.
They are offering a layer 2 protocol that leverages side-chains to confirm transactions off-chain easing the load on the main-chain. Matic combines this with a decentralized network of PoS miners which allows them to achieve scale without sacrificing security nor decentralization.
One side-chain can achieve a throughput of 10,000 transactions per seconds and can support multiple protocols.
The network is powered by its native token MATIC. MATIC is used to reward validator nodes and to pay transaction fees on the network.
In the last week, the MATIC token has performed pretty well price-wise making it an interesting target for crypto-traders.
On top of that, the team behind Matic is well-on track to realize their ambitious roadmap and we’re excited to see what’s next.
Stay tuned for more updates coming on Matic Network.