Review on Matic Network by erdi yılmaz

Name: Matic Network
Item: Matic Network
Rating: 4

April 16, 2021

Matic Network (Polygon Matic)

It is based on Erc20 and is traded on the Ethereum network. Since it is an Erc20 token, it can be stored in all wallets using the Ethereum network. Thus, it provides fast processing with the Proof of Stake system.

With the MATIC Network blockchain at the project stage, it is planned to be fast enough to process millions of transactions in seconds. They aim to reduce transaction fees as much as possible and increase approval speed with blockchain using new technologies. They aspire to build platforms that are both user-friendly and low-cost.

The protocol was originally developed for software developers. Unlike the Ethereum network, it aims to gather the concepts of cooperation, security, scalability and community together and solve the problems in the Ethereum network.

Matic chain operators provide security in the network with tokens staked for collateral in the PoS system. The name of the token was changed from Matic Network before to Polygon.
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Pros

Matic Network's side chains are open to everyone. Due to its open source, dApps (decentralized applications) can be created on the network. DApps created in the Ethereum network can be moved and copied to the Matic Network.
Matic network is completely decentralized. Unlike Ethereum layer 2 projects, the user experience in Matic Network is very high. UX operations on the network can be done offline, further increasing the security of the network.
In Matic Network, users are given credit points by evaluating their previous transactions. When users with high credit scores lack money, tokens are lent to users on the network.

Cons