Matic Network (MTX)
Matic Network provides scalable and instant Ethereum transactions using side chains. Matic Network uses an adapted version of plasma philosophy to transfer tokens instantly.
The Matic chain uses the EVM on the mainchain with Geth node. The configuration on the geth nodes is setup with 0 gas.
Matic smart contract will allow users to pay with any crypto token they prefer and receiver will receive payment in assets they prefer. Matic will handle conversation through atomic swap between cross-chain crypto assets.
Matic ecosystem will have the following actors:
- End Users
- The Dapp developers: Developers will be the businesses who would be using Matic to scale their applications and provide a better UI/UX to their end users
- Stakers: The stakers will play a very important role in the Matic Network.
- Delegates: These are block producers chosen by Stakers who enable faster blockchain generation times.
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