Matic Network is a scaling solution for public blockchains. Based on an adapted implementation of Plasma framework (Plasma MoreVP) - with an account based implementation (read more here), Matic supports all the existing Ethereum tooling along with faster and cheaper transactions.
Types of Interaction on Matic
Deploy Smart Contracts
- Deploy your Contracts on Matic Network
- Configure the Web3 RPC-URL to https://rpc-mumbai.matic.today, Everything else remains the same
What is a Blockchain?
Simply put, Blockchain is a shared, immutable ledger for recording transactions, tracking assets and building trust. Head over to Blockchain Basics to read more.
What is a Sidechain?
Think of a Sidechain as a clone of a 'parent' blockchain, supporting transfer of assets to and from the main chain. It is simply an alternate to parent chain that creates a new blockchain with its own mechanism of creating blocks (consensus mechanism). Connecting a sidechain to a parent chain involves setting up a method of moving assets between the chains.
What is Plasma?
Plasma is a framework of secondary chains that will communicate and interact as sparingly as possible with the main chain. Child chain are a scaling solution for Ethereum (or any blockchain for that matter). It is a layer 2 solution for Ethereum that provides a framework for building ‘off-chain’ decentralised applications that are secure, scalable and swift.