An article explains in detail the relationship between horseshoe chain, Polygon chain and MATIC.

Speaking of Polygon chain, in fact it is Polygon is not a new player in the encryption field. Its original name is Matic. It was founded in 2017. Its goal is to improve Ethereum through better infrastructure development and instant blockchain transactions. Square. MaticNetwork is a permissionless, EVM-compatible, proof-of-stake protected Ethereum sidechain that relies on the strong security of validator staking and checkpointing of its parent chain. After the name change, it strives to become a well-structured and easy-to-use Ethereum sidechain. workshop expansion and infrastructure development platform. So is Polygon chain a horseshoe chain? Let the editor introduce to you the relationship between horseshoe chain, Polygon chain and MATIC.

Introduction to the relationship between Horseshoe Chain, Polygon Chain, and MATIC

Horseshoe Chain is actually the Chinese name of the Polygon network, and MATIC is the initial code name of the project. The project was initially called Matic Network, a permissionless sidechain network compatible with the Ethereum Virtual Machine and equipped with a proof-of-stake protection mechanism.

Matic, Horseshoe, also known as India’s “Ethereum”, is an old Layer 2 expansion project. The team comes from the mysterious India. It has been the face of Binance’s sixth LaunchPad project on the line for more than ten times. Meet everyone, it is also a rare project that is supported and incubated by Coinbase and Binance.

Back to Matic, the Matic team has only one goal since its establishment: to promote the large-scale adoption of Ethereum. In fact, the Plasma adopted by Matic also solved the problem of Ethereum expansion to a certain extent, improving the performance of Ethereum from multiple dimensions such as computing speed and gas fee. However, Plasma gradually fell out of favor due to its relatively complicated issues such as fund withdrawal, and At present, Layer 2 expansion and different cross-chain solutions are also emerging. Plasma does not have an overwhelming advantage. If Matic continues to follow its own path, it may be a little far away from its goal. This is also the reason why Matic changed its name.

Matic Network strengthened its structure and upgraded MaticNetwork to Polygon (Polygon). The project was also renamed Polygon. The token Matic will continue to use its previous name and will not generate new tokens or change its name. Continue to play a role in the Matic ecosystem.

What is the difference between Polygon and Matic Network?

The Matic Network team made some reflections based on the expansion track and other public chain developments at that time, and considered these three points:

The Ethereum expansion project has different needs for expansion solutions at different stages. No one solution can meet all needs. The coexistence of multiple solutions should not evolve into a situation of competition and confrontation, but should collaborate with each other to jointly serve the development of the Ethereum ecosystem.

2. The expansion solution on Ethereum is mature, but it cannot be widely adopted due to the complex deployment process and poor interoperability;

3. The cross-chain compatibility solution can provide better performance than Ethereum , but cannot share the security of the Ethereum network and lacks network effects and synergies.

·Polygon plans to become an aggregator of Layer 2 solutions on Ethereum, achieving construction performance that the Ethereum network itself cannot achieve, and making up for the important missing links in the current Ethereum ecosystem.

·Polygon will retain all the performance of Matic Network, and solutions such as Matic Plasma Chains and Matic PoSChain will continue to exist and will continue to develop and become an important part of the Polygon ecosystem.

·Polygon is the first well-structured, easy-to-use Ethereum expansion and infrastructure development platform. Its core component is PolygonSDK, which aims to build a modular, universal, and flexible expansion framework for Ethereum. Currently, two mainstream expansion paths are supported: building and connecting.

The above content is the editor’s detailed introduction to the relationship between horseshoe chain, Polygon chain and MATIC. Ethereum’s scalability and gas crisis have brought a lot of attention and traffic to other chains, and Polygon is no exception. In fact, it is one of the top networks along with BSC. One of the main reasons why the network became so popular in Q2 2021 is its users’ ability to use these well-known DeFi platforms. While avoiding the high costs of Ethereum. In addition, most ERC-20 tokens, especially stablecoins, can be used on it, allowing users to jump between chains smoothly, making it an ideal choice for retail investors.

The above is the detailed content of An article explains in detail the relationship between horseshoe chain, Polygon chain and MATIC.. For more information, please follow other related articles on the PHP Chinese website!