Review on Matic Network by Özgün A
A project that approaches problems with solutions
Matic is a crypto money project produced using blockchain technology.
I really like Matic's website because it is very useful and designed to answer all your questions.
The Matic project works actively in many social media. Medium, Telegram, Twitter, GitHub, Discord.
The most distinctive feature of the Matic project is scalable and instant blockchain transactions.
Matic is a project that is traded on the erc-20 network. We know that transactions are delayed due to the density of the Erc-20 network. At this point, Matic's PoS algorithm comes into play and reduces the density on the main chain by creating side chains. This situation repeats as the density on the chains increases. The chain, whose density decreases, self-destructs and the ecosystem constantly renews itself. Matic, which also provides solutions to high '' Gas '' fees, aims to decrease transaction fees by increasing efficiency. The PoS algorithm is useful for security. In the PoS algorithm, each node is the proof (validator) of the next. Thus, every process is proved and progresses and security is provided.
NOTE: The Matic project is undergoing change and its new name is "Polygon".
Pros
- Backed by world-renowned companies such as Binance and Coinbase
- Scalability, efficiency is at the forefront
- Gas charges are trying to be eliminated
- The website is very useful, there is a beginner guide
Cons
- The project is still not in full version
