We present an exclusive MATIC interview update with Sandeep (COO). Everyone is talking about Matic because is about to hit the Binance Launchpad. But what is Matic? Matic is a Layer 2 scaling solution. The Matic Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains. It is agnostic by design and can thus apply to other blockchains in the future.
Matic Network solves the above problems by building a decentralized platform using an adapted version of Plasma framework that provides a solution for faster and extremely low-cost transactions with finality on the main chain. The system ensures liveliness using PoS checkpoints which are pushed to the Ethereum mainchain. This enables a single Matic sidechain to theoretically achieve 2 16 transactions per block, and possibly millions of transactions on multiple chains in the future.
Decentralized Apps are making huge progress but the current blockchain ecosystem is not prepared to scale as per the demand. The issues of slow block confirmations and high gas fees need to be solved before we target mass adoption by mainstream users. And most importantly, it needs awesome user experience. We aim to change that by simplifying the interaction between users and the decentralized world. We want to make interacting with the decentralized ecosystem so easy that anyone can do so without worrying about the complexity of the system.
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