Matic Network coming with a new innovation called "Community Townhall"

 

Over the years, loads of Blockchains have emerged with various solutions to the challenges that has become eminent in the industry.

It is no doubt that most blockchains recorded heavy congestion and that resulted in delay as the design capacity have become overwhelmed and this has metamorphosed into situations where miners have to demand for high gas fees in order to prioritize transactions and remedies don't seem to be easy to implement as for those who saw the need to, e.g Ethereum 2.0. Ethereum founder, Vitalik Buterin has being on the cause of upgrading his Blockchain from proof-of-work to proof-of-stake and has not found the task easy as anticipated and he even confessed to having release the blockchain earlier, a few months delay before release will have being a solution to the challenge currently experienced. 

This whole challenges associated with Scalability and high gas fess has birthed the need for other Blockchains to either write their own algorithm and correct the mistake or create a Layer 2 solution which has the same functionality but with advanced features as the major challenges have been resolved. This spurred the birth of Matic network, a layer 2 solution that solves the challenges associated with high transaction fees, delay in transactions, security challenges and also consensus mechanisms Ethereum is currently battling (as at time of writing this article).

The Matic network, since its inception has partnered with loads of projects. It creates a platform where other projects can leverage on and worry less about high gas fees and delay challenges. 

Matic has on boarded loads of Decentralized applications and also supported loads of projects through its Build-n-Earn project that lasted for a good number of days. 

AMA sections are often granted to the general public to keep them abreast with the latest developments and also to inform them on the next line of action and clear questions from both current and prospective investors. 

As a way of getting to keep the public informed on the developments on the Matic network space and blockchain entirely, the Matic team will be hosting a community townhall engagement where Founders will be talking about their projects and the solutions they offer. It's maiden edition held on the 22nd December 2020. Keep an eye on the matic .network website for subsequent meetings.  

For details about Matic project and all its features, please visit the website at https://matic.network