Binance Set To Launch Matic Network in April

Binance Set To Launch Matic Network in April

Binance has announced details of its latest 2019 project, the launch of a Matic Network.

Binance Launchpad, the token launch platform and supporter for transformative Binance blockchain projects, will be implementing a platform for scalable and instant blockchain transactions, to be known as the Matic Network. The Matic Network will be a “de-facto” means by which developers can “deploy and run decentralised applications.”

The new project is a scaling solution that will help to further develop Binance infrastructure and enable them to adjust to their current market, which is one of the fastest growing in the industry currently. It will be utilising sidechains for off-chain computation while also ensuring asset security and decentralised Proof-of-Stake validators. The aim is to scale public blockchains on mass, starting with Ethereum.

“I believe that Matic Network is going to play a key role in this future,” said, Binance CEO and Founder, Changpeng Zhao. “We are constantly evolving and adapting for our community’s interest and the new Launchpad criteria is a response to accommodate the high demand, and ensuring a better user experience, fairness and transparency” he explained.

The Matic Network is set for a launch on the April 24th 2019, when its operations will kick off with a Token Sale via a new lottery format, aimed at ensuring more fairness and transparency.

“Matic’s developer-and-community driven platform allows any existing application to adopt and interact with the decentralized ecosystem for tangible scalability and better user experience,” said CEO of Matic Network, Jayntibhai Kanani.

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