After about two and a half years of development announce Project Matic announces the launch of its mainnet on May 31, 2020.

By officially launching the main network of the Matic project, this means stopping the Betav2 and Alpha networks for the same project.

Matic Network and Interoperability:

The new Matic mainnet carries a Blockchain Layer-2 scaling solution built on Tendermint.

The Matic mainnet is also becoming interoperable with Ethereum, with other backbones such as Tron or EOS to be added over time.

Matic’s mainnet relies on sidechains for scalability and high throughput, while for security, Matic relies on the Plasma framework and the delegated consensus algorithm (dPoS).

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The Plasma framework is used to ensure the security of Ethereum tokens, and public transactions will be secured by decentralized validators.

Matic developers focus on improving usability without compromising decentralization, relying on community members, and developer members will play a big role by contributing to programming and bug testing.

In the first phase leading up to the launch of the mainnet, only Matic Foundation nodes and invited validators were involved in preparing for the start of the startup.

At present, Matic is now in charge of the network and will fix errors if they arise.

For a seamless deployment, the developers chose to activate the blockchain in steps spanning over several weeks.

Thus, the activation is the culmination of the work that started in mid-May, at which time, preparations were made to start the first block of the mainnet and test the network with specific validation tools.

The goal was to ensure that the network was still working and that the dApps were launched without affecting performance even in the event of a bug.

Matic Network is now ready for the second phase, which is not set with a known timeline, will start preparing external nodes and 5 to 10 nodes will be approved at any time.

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Decentralization and Community Governance:

In the final phase, the Matic Foundation Contract and all delegations of this contract will be closed, after which all delegates will be required to return the delegation to the Global Auditors.

The aim will be to further decentralize the network and build the foundation for community governance.

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