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matic

matic

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Status
Closed

AVERTISSEMENTThe vast majority of ICO are only vulgar ponzi scheme scams

Presentation
Matic Network strives to solve the scalability and usability issues, while not compromising on decentralization and leveraging the existing developer community and ecosystem. It is an off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities.
For this, Plasma framework mandates proofs of the transactions/blocks produced on the side chains to be published on the mainchain. The public checkpointing layer will validate all the transactions happening on the side chains and publish the proofs to the mainchain. To ensure foolproof security of side chain transactions, the mainchain Plasma contract contains various kinds of Fraud Proofs where any sidechain transactions can be challenged for any fraudulent activity. If challenger succeeds, the stakes of the side chain actors involved in the fraud are slashed and are provided to the challenger.
Specs
PlatformETH
Start Date2018-09-02
End Date2018-09-02
Completed
Raised Amount (in dollar) N/A
Category Infrastructure
Languageenglish
Monitored since1395 days
Accepted countries All
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