Co-founder & COO: Sandeep Nailwal
Twitter: https://twitter.com/sandeepnailwal
Project Introduction:
Matic Network's mission is to drive mass adoption through our 2-layer scaling solution, leveraging decentralization, scalability, and security, and achieve this by leveraging sidechains for off-chain computations, while ensuring asset security using the Plasma framework and a decentralized network of PoS validators. Matic strives to solve the scalability and usability issues of the blockchain ecosystem, while not compromising on decentralization and leveraging the existing development community and ecosystem. With a more powerful framework to facilitate higher transaction throughput, Matic Network is currently providing blockchain developers with the resources they need to build world-class Dapps across multiple industries such as decentralized finance, gaming, enterprise software, and more. Matic Network aims to solve the above problems and provide a layer 2 scaling solution that achieves scale by leveraging sidechains for off-chain computations, while ensuring asset security using the Plasma framework and a decentralized Proof-of-Stake (PoS) validator. Matic will become the de facto platform for developers to deploy and run decentralized applications.
MATIC- Introduction Details
Matic Network is now renamed Polygon.
Polygon is a protocol and framework for building and connecting blockchain networks compatible with Ethereum. Aggregating scalable solutions on Ethereum and supporting a multi-chain Ethereum ecosystem.
Matic Network is a second-layer scalability platform that enables fast, simple and secure off-chain transactions, not only for payment transactions, but also for generalized off-chain smart contracts. Matic Network is a key contributor to the Ethereum ecosystem, working on the implementation of Plasma MVP (minimum operational plasma), WalletConnect protocol and Ethereum event notification engine - Dagger. Matic tokens are used for staking and participate in the proof-of-stake consensus mechanism of the sidechain network.
Total supply: 10 billion
Circulation: 9.319 billion
Global market value: $2.35 trillion
Market value: 9.506 billion
Circulation rate: 93.19%
Locking and Allocation
There are about 1 day and 8 hours left until the next unlocking. The unlocked chips account for 0.01% of the supply, and the Staking reward is 0.01%.
98.07% of the total has been unlocked, and 1.93% is still unlocked.
Distribution: Ecosystem 23%, Base 22%, IEO Investors 19%, Staking Rewards 12%, Others 24% in total.
development path
August 2018 Payments on Matic testnet v1; ERC20 support including wrapped ether - Matic Testnet; Contracts on Kovan testnet; Dagger - Zapier integration
September 2018 Plasma Quick Exit - NFT Token
October 2018 API and SDK version v0.5; Matic mobile app (Plasma chain and WalletConnect integration) - Alpha version; Developer documentation - Testnet
November 2018 API and SDK version v0.6 - Testnet
December 2018 Matic Mobile App (Plasma Chain and WalletConnect integration) - improvements to alpha
January 2019 ERC721 support - Matic Testnet; Matic Mobile App (Plasma Chain and WalletConnect integration) - Beta; Developer documentation - Tutorials; PoS implementation for staker nodes - Testnet
February 2019 Block explorer - alpha version; First DApps on Matic network; ERC721 / NFT Marketplace support - internal release
March 2019 Alphanet - Matic Network - testnet version 2; API and SDK version v0.7
April 2019 Mainnet Alpha - Matic Network; NFT exit tokens - 0x integration - Kovan testnet; Dagger support for Matic chain; Upgradable smart contracts; Security audits and improvements
May 2019 Verifier/Watcher Node - Alpha Version; NFT Exit Token - Dharma Integration - Kovan testnet; DEX Support on Mobile App; API and SDK Version v1.0; Wrapped Bitcoin Support - Matic
June 2019 Verifier / Watcher - Fraud Proof Challenge - Beta
July 2019 Mainnet Beta - Matic Network; 0x protocol implementation on Matic testnet; Plasma fast exit service (can be integrated with any third-party Plasma implementation)
August 2019 NFT Exit Token - 0x Integration - Ethereum Mainnet
September 2019 Liquidity pool integration; Matic Network - Mainnet; Matic sidechain App Store; Bitcoin asset interoperability - testnet
October 2019 Governance research and pilot implementation
Dharma protocol implementation on Matic testnet, November 2019
December 2019 NFT Exit Token - Dharma Integration - Ethereum Mainnet; Enterprise Support Matic Sidechain; Enterprise Services
March 2020 Generalized Fraud Evidence - Testnet Alpha
February 10, 2021 Matic Network rebrands to Polygon
On March 27, 2023, Polygon zkEVM released the mainnet beta version.
Investment agency
Bloomberg Beta
RRE Ventures
Spark Digital Capital
2020 Ventures
The main function
1. Scalability
Fast and low-cost transactions on sidechains confirmed on the mainchain; Ethereum is the first compatible basechain
2. High throughput
The testnet can already reach up to 10,000 TPS on a single sidechain; multiple sidechains will also further help horizontal expansion
3. User Experience
Smooth user experience and development abstraction layer from main chain to Matic chain; comes with mobile applications and software development tools supported by WalletConnect
4. Security
The operator of the Matic chain is also the equity owner of the PoS system
5. Public Sidechains
Matic sidechain is a public permissionless chain and can support multiple protocols
Project Use Case
1. Payment
It only takes a few simple steps to integrate Matic Payments on your dApp and settle payments on-chain when needed. Due to the short block generation time, payment transactions on Matic Network can be confirmed in sub-seconds and can significantly reduce fees, providing dApp users with a smoother and frictionless payment experience. Matic provides dApps developers and users with a simple interface and payment API/SDK to instantly accept or pay crypto assets such as ERC20 tokens, ETH, Bitcoin, etc.
2. Decentralized Exchanges
Decentralized exchanges lag behind centralized exchanges due to low transaction throughput and long wait times. Matic has all the characteristics an exchange platform should have - faster and cheaper transactions. Matic powers decentralized exchanges and enables trustless, reliable, and easy crypto trading.
3. Gaming Network
Historically, games have been run by companies that control the supply and sale of in-game currencies and digital assets and collectibles. Users do not own the assets they purchase or win on traditional gaming platforms. Blockchain provides us with a reliable way for users to control the ownership and trading of their assets. Matic can help improve the efficiency of executing gaming network transactions over the blockchain, transactions such as buying or selling in-game currencies, and buying or selling digital assets in card-based games. #MATIC/USDT
4. Token Airdrop
Due to Matic’s unique scaling architecture, Matic provides instant, secure transactions at low cost. This can be used for a variety of batch transfer use cases. For example, Matic will enable projects to batch token airdrops without high transaction fees and with low wait times. #热门话题
