Plasma expansion solution implementing the Matic blockchain sidechain has finally launched its mainnet. In the first phase, the Matic blockchain will allow a limited set of validators and developers to launch their DApps.
On Sunday, May 31, Ethereum Matic Blockchain Network Expansion Solution officially announced its mainnet would launch. This is the first version of the ActiveMainnet. After 2.5 years of starting work in 2017, the Matic community is finally getting closer to fulfilling its dream.
The Matic mainnet is officially going live today!?
We’ll be releasing an article later today with the details of the launch.
Over the next few hours, we’ll be posting video messages from some of our major DApp partners.
Strap yourselves in for launch day!?
— Matic (@maticnetwork) May 31, 2020
Matic Mainnet is joining DApp partners with the original validator
Decentralized applications (DApps) have been in high demand among businesses. However, the current blockchain ecosystem still lacks scalability. On the other hand, the problems of slow block confirmation and high transaction fees have not been addressed to a great extent.
Blockchain Matic aims to plug these holes and provide scalable solutions to use DApps. Although the mainnet is operational, the deployment will take place in different steps and stages. In Step 1, Matic selected a limited set of validators, including the Matic Foundation nodes. DApp partner nodes will join in the coming weeks.
This mainnet launch ensures that from Day 1, DApps can successfully deploy their products on the Matic blockchain while providing a stable and robbery user experience. By bringing up DApps partners like Genesis Ceremony as the initial endorser, Matic seems to start with a good note.
Blockchain developers Matic said the network would continue to advance from stage to stage. The idea is to have some of the original problems come up and resolve them as soon as possible.
Speaking of early validators, Matic’s blog post stated:
“Nodes from select validators who have been working closely with the Matic team, which include professional validators and marquee DApps, have been shortlisted and will be onboarded to the mainnet soon. The list of DApp partners which are going to be in the first cohort is already finalized”.
Developers can also deploy their applications on Matic by purchasing MATIC tokens directly on Ethereum from any exchange they choose. Users can quickly move ETH, MATIC, and other ERC20 tokens between the Matic blockchain and the Ethereum blockchain.
In the next steps of the staged rollout of the Matic blockchain, delegations will be enabled for the public but only for the Matic blockchain nodes.
The blog post notes:
“Delegators will receive 100% of staking rewards on the tokens delegated to Foundation nodes. Any rewards earned by Foundation nodes will go back into the staking pool”.
New developments from Matic are undoubtedly positive for the cryptocurrency industry. We now need many players like Matic to provide robust scaling solutions for DApps. This will encourage more businesses to accept blockchain.
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