In our previous article ‘ A Brief History of Plasma’, we discussed the history of the Plasma framework and its potential to scale blockchains to billions of state updates per second. Ethereum is currently incapable of this, and mainstream adoption requires a capacity of thousands of state updates per second (over the near term). Despite … Read more
We have been working hard on enabling the Proof-of-Stake layer on Matic Network, and today we are launching our public incentivized staking testnet event Counter Stake. Yippee! 🙂 We had previously released the details of our Staking economics and updates here — https://blog.matic.network/matic-network-staking-economics/ and here — https://blog.matic.network/matic-network-staking-update-and-becoming-a-validator. You can register for Counter stake here — … Read more
We recently announced our staking economics with this blog post — https://blog.matic.network/matic-network-staking-economics/ . We have been constantly working on improving our staking approach and this note highlights some important updates. To reiterate, 1.2 billion Matic tokens (12% of our total supply) are allocated towards staking rewards. During the initial years of Matic Network’s full launch, … Read more
We feel incredibly excited to announce the release of the Matic β-mainnet today. Yay! After months of hard work, the entire Matic Network team is releasing the 2nd iteration of the Matic mainnet (after the α-mainnet in June 2019). Matic Network is a Layer 2 blockchain platform using the Plasma framework and a decentralized set … Read more
Matic is a hybrid Plasma + Proof-of-Stake (PoS) platform. We use a dual-consensus architecture on the Matic Network to optimise for speed and decentralisation. We consciously architected the system to support arbitrary state transitions on our sidechains, which are EVM-enabled Plasma security guarantees hold for specific state transitions such as the ones we write Plasma … Read more
We have been working to introduce more generalized scaling techniques, while still ensuring the highest levels of security possible. One of the promising techniques in the area of Plasma research is Plasma Predicates. We are proud to announce that we are arguably the first team to release support for this in the wild in our … Read more
It’s no secret that Ethereum, in its current state, cannot fully live up to its potential of becoming a global Virtual Machine. The ICO bubble in 2017 highlighted the huge need for scalability solutions as the high transaction volumes exorbitantly increased gas prices. Excessive network congestion ensued. At the most practical level, a 15-transaction per … Read more
