What is Matic Network?

The Matic Network is a decentralized network that seeks to improve the usability and user experience of decentralized ecosystems through blockchain scaling, developer platform and tools, and a keen focus on user experience.

The Matic Network was Co-founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. Kanani is the current Chief Executive Officer, overseeing an extensive team of young and driven professionals. The team built the Matic Network to provide scalable, secure, and instant Ethereum transactions using Plasma side chains and a Proof-of-Stake network.

The MATIC is the network’s native token. The MATIC has a high throughput and can conduct about 10,000 Transactions Per Second, and it boasts of high security as the Matic chain operators are stakers in the network’s Proof of Stake system. The Matic Network conducted its Initial Exchange Offering on Binance back in April 2019.