Coinbase Ventures Invests In Blockchain Scaling Startup Matic Network

Blockchain, Investing, News | May 2, 2019 By:

Blockchain scaling development platform Matic Network has received an undisclosed investment from Coinbase Ventures, the venture arm of crypto exchange Coinbase.

Matic Network is a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators.