WMATIC Wrapped Matic

About Wrapped Matic

Matic Network is now renamed Polygon. Matic Network is a second-tier scalability platform that realizes fast, simple and secure off-chain transactions, not only payment transactions, but also generalized off-chain smart contracts. Matic Network is an important contributor to the Ethereum ecosystem, committed to the implementation of plasma MVP (Minimum Operating Plasma), WalletConnect protocol and Ethereum event reminder engine-Dagger has made outstanding contributions. Matic tokens are used for equity staking and participate in the proof consensus mechanism of the side chain network. Project Introduction The mission of Matic Network is to use our 2-layer expansion solution to promote large-scale applications using decentralization, scalability and security, and to use side chains for off-chain computing to achieve this, while using the Plasma framework and decentralization A network of PoS verifiers to ensure asset security. Matic strives to solve the scalability and usability issues of the blockchain ecosystem, while not compromising to decentralize and utilize existing development communities and ecosystems. Matic Network relies on a more powerful framework to promote higher transaction throughput. Currently, Matic is providing blockchain developers to build world-class Dapps across multiple industries (such as decentralized finance, games, enterprise software, etc.) Required resources. Matic Network aims to solve the above problems and provide a layer 2 scaling solution, by using side chains for offline calculations, while using the Plasma framework and decentralized Proof-of-Stake (PoS) validators to ensure asset security and achieve scale化. Matic will become the de facto platform for developers to deploy and run decentralized applications.