Review on Matic Network by phuong cong
Matic is known as the Ethereum of India
Matic Network (MATIC) is a Side Chain-based expansion solution for Public Blockchain.
Based on Plasma technology, Matic Network provides scalability for side chains while ensuring user experience, as well as the security and decentralization of Blockchain.
It is dubbed the Ethereum of India and is considered by the cryptocurrency community to be a potential coin.
Matic has a total supply of 10 billion and is in circulation of nearly 3 billion.
Matic is rated as one of Binance's most successful IEO with ATH of 17x and current price x5 compared to IEO price.
Pros
- Highlights of Matic are technology with instant solvency, quick swap and third party liquidity to join the network.
- Backed by the cryptocurrency community, there's Binance on the back
- It solve the problem of transaction speed, network expansion, security ... of the current Blockchain.
- Matic token is the number of IEO tokens added to the margin transaction on binance proving it has enough liquidity
- Good and experienced team with developed in India is a potential place for Crypto
Cons
- There are times when MATIC prices are dumped very deeply
- Dapp developers have many options not only for MATIC but also other projects
