MATIC: Beyond the Technicals MUST READ
I've been in the crypto realm for years and in that time I've invested in a lot of stinkers and a few winners that made up for the losers. I know a good project from a mediocre, bad, or outright scam. MATIC is the real deal. I never just look at the technicals when going long. Here are the reasons I'm incredibly bullish on MATIC:
MATIC is hyper-focused on Scalability and User Experience. These are two of the biggest problems in Crypto today and need to be addressed before we can move forward. MATIC is using PLASMA in order to solve the scalability problem. Bitcoin can only handle 7 transactions per second and Ethereum can handle about 15. To put this in perspective, VISA handles anywhere from 2,000-8,000 transactions per second. Not to mention, games and apps will need even more (Their are 30,000 likes on facebook/second). Using the MATIC technology, you can easily achieve 10,000 TPS, and that's on A SINGLE SIDE CHAIN. In theory, you can have as many side chains as you like (And theoretically, each one can actually handle 2^16 (64,000) TPS). MATIC is tied to the basechain (Currently only Ethereum) and checks in every so often so that all of the transactions are still secured by the Basechain. They don't sacrifice security for speed, this is a big deal and the best compromise I can concieve of.
Ethereum is just the beginning: MATIC will eventually be tied to other Basechains. In their whitepaper, they mention Bitcoin, NEO, and EOS. This is massive. With each integration, you will see a spike in price and use cases for MATIC will increase. ATOMIC SWAPS (Swapping one token for another, Decentralized Exchange support, etc.).
CoinBase Listing: Coinbase is a seed investor of MATIC. They are therefor incentivized to see their continued success. I believe a MATIC listing on Coinbase is INEVITABLE. As you probably know, A coinbase listing causes a spike in price; anywhere from 20-60% typically.
Strategic Partnerships: Existing projects have already begun to integrate MATIC network solutions in their infrastructure: Decentraland, Ankr, and QuarkChain to naim a few. MATIC also has relations with Binance and Coinbase as already mentioned.
Transparency and Roadmaps: So many projects have failed to come remotely close to their roadmap. MATIC is one of the few exceptions i've seen. They launched their final testnet earlier this month and the main net launch is slated Q2 2019. Any day, the main net will be launched which will no doubt cause FOMO. They are also the first project to enrole in Binance's Info Transparency Initiative. You can learn more about it on Binance.
From a subjective view, what i like most about MATIC is that they are not trying to re-invent the wheel by developing some new Blockchain that no-one has ever heard of, with unproven tech and a small community. Instead, they are trying to improve upon the existing infrastructure and play nicely with everyone. Like it or not, the majority of developers are on the Ethereum. There are countless cases in platform wars where the technology that actually wins isn't the one that is the most efficient or has the best specs. Betamax vs. VHS; hd dvd vs. Blu-ray Disc; Even the internets TCP/IP protocol is pretty crappy but just like a railroad tracks, gets us from A to B. My point is, it's not the best tech that often wins, it's the tech with the biggest community behind it. Right now, that's Ethereum, that's Bitcoin, that's EOS & NEO. We need to build upon these to create the blockchains of the future. MATIC can help us get there. As always, do your own research and best of luck!
MATIC is hyper-focused on Scalability and User Experience. These are two of the biggest problems in Crypto today and need to be addressed before we can move forward. MATIC is using PLASMA in order to solve the scalability problem. Bitcoin can only handle 7 transactions per second and Ethereum can handle about 15. To put this in perspective, VISA handles anywhere from 2,000-8,000 transactions per second. Not to mention, games and apps will need even more (Their are 30,000 likes on facebook/second). Using the MATIC technology, you can easily achieve 10,000 TPS, and that's on A SINGLE SIDE CHAIN. In theory, you can have as many side chains as you like (And theoretically, each one can actually handle 2^16 (64,000) TPS). MATIC is tied to the basechain (Currently only Ethereum) and checks in every so often so that all of the transactions are still secured by the Basechain. They don't sacrifice security for speed, this is a big deal and the best compromise I can concieve of.
Ethereum is just the beginning: MATIC will eventually be tied to other Basechains. In their whitepaper, they mention Bitcoin, NEO, and EOS. This is massive. With each integration, you will see a spike in price and use cases for MATIC will increase. ATOMIC SWAPS (Swapping one token for another, Decentralized Exchange support, etc.).
CoinBase Listing: Coinbase is a seed investor of MATIC. They are therefor incentivized to see their continued success. I believe a MATIC listing on Coinbase is INEVITABLE. As you probably know, A coinbase listing causes a spike in price; anywhere from 20-60% typically.
Strategic Partnerships: Existing projects have already begun to integrate MATIC network solutions in their infrastructure: Decentraland, Ankr, and QuarkChain to naim a few. MATIC also has relations with Binance and Coinbase as already mentioned.
Transparency and Roadmaps: So many projects have failed to come remotely close to their roadmap. MATIC is one of the few exceptions i've seen. They launched their final testnet earlier this month and the main net launch is slated Q2 2019. Any day, the main net will be launched which will no doubt cause FOMO. They are also the first project to enrole in Binance's Info Transparency Initiative. You can learn more about it on Binance.
From a subjective view, what i like most about MATIC is that they are not trying to re-invent the wheel by developing some new Blockchain that no-one has ever heard of, with unproven tech and a small community. Instead, they are trying to improve upon the existing infrastructure and play nicely with everyone. Like it or not, the majority of developers are on the Ethereum. There are countless cases in platform wars where the technology that actually wins isn't the one that is the most efficient or has the best specs. Betamax vs. VHS; hd dvd vs. Blu-ray Disc; Even the internets TCP/IP protocol is pretty crappy but just like a railroad tracks, gets us from A to B. My point is, it's not the best tech that often wins, it's the tech with the biggest community behind it. Right now, that's Ethereum, that's Bitcoin, that's EOS & NEO. We need to build upon these to create the blockchains of the future. MATIC can help us get there. As always, do your own research and best of luck!
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