Review on Matic Network by Fanuel PORPORTY
Matic Network: A Blockchain Solution to Solve Current Ethereum Challenges
Matic Network is a strong blockchain project that offers sidechain and offchain scaling solutions on the Ethereum blockchain in order to solve the problem of blockchain scalability while offering almost instant transactions. Its native MATIC token is used for staking and payment of transaction fees on its Matic Chain sidechain.
Matic Network aims to tackle the other big concern of blockchain - a very poor user experience, the main obstacle to mass adoption. The project thus took up the challenges of current blockchains and tried to provide a solution to all by offering MATIC Network.
In my opinion, projects like MATIC will play a very important role in decentralized finance by supporting mass adoption through the Matic chain.
Pros
- Matic Network offers micropayment channels with other off-chain solutions
- The Matic Network team works to provide an optimal user experience, enough to support mass adoption
- MATIC offers a wallet that facilitates user interaction with dApps deployed on Ethereum chains.
- Many use cases: decentralized exchanges, atomic swaps etc ...
- Possibility for developers to connect their ethereum platform to hundreds of dAPPS
Cons
- An extremely low presence on social networks
- Relatively young project
