Matic Network Officially Announces Live Rollout of its Mainnet by the end of May
Matic Network, the layer two scaling platform for public blockchains, has officially announced the countdown sequence for its mainnet launch. The initial series of launch steps begin on Friday, May 15th, and will continue through the end of May, enabling the Matic Foundation, Dapp Partner Nodes, and staking delegation nodes to go live with the initial validator set. Step 1 of the mainnet rollout will include the initial announcement of Dapps onboarding to the mainnet on May 15th, the Genesis Ceremony from May 26th to 29th, and the Mainnet officially going live with the original set of validators at the end of the month.
“The network will move from one stage to the next based on the goals for each stage,” details the official Matic Network blog post. “The intent is to ensure that early issues get addressed and resolved quickly. We do expect our network software to function well, but we believe the most pragmatic approach is to gradually roll out the network to address any unforeseen issues.”
Matic’s test network, known as Counter Stake, has been live since November 2019 and has been operating smoothly with a progressively larger set of validators and registrations. Currently in its second stage, Counter Stake is functioning as a stress-test environment for Matic’s hybrid PoS and Plasma sidechain design — running with a year-long bug bounty program to ensure adversarial attack vectors are identified and mitigated.
The official mainnet rollout will only include a restricted node validator set, however, which will adapt to any improvements iterated upon within the Stage 2 Counter Stake network. The Matic team has explicitly outlined a gradual rollout of the mainnet that complements the progress made so far with Counter Stake.
“This multi-step process will ensure that the mainnet deployment and validator onboarding is achieved as smoothly as possible,” continues the blog post. “More importantly, it ensures that right from day 1 that DApps are able to deploy their products successfully on Matic and that their user experience is stable and robust. That’s also one of the reasons why we are choosing to start with DApp partners as early validators.”
After the first step of the initial validator set, Dapp Partner onboarding, and Genesis Ceremony, additionally validator sets will be open to the public incrementally (step 2), followed by the full-blown public launch of Matic’s decentralized network in step 3. During the first step, the Matic Foundation will maintain the state of the mainnet until the final transition to the public release in step 3.
With its mainnet launch official, Matic will be the first hybrid PoS/Plasma sidechain platform to go live in the crypto landscape. It marks a significant accomplishment for the project and broader market since its 2017 inception.
“Architecturally, the beauty of Matic is its elegant design, which features a generic validation layer separated from various execution environments,” details the Matic team. “This architecture provides Matic with a huge breakthrough for growth for Matic and increases its addressable market size, along with the addressable developer community size, manifold.”
About Matic Network
Matic Network is a layer two blockchain scaling and application platform designed to empower developers to quickly launch and deploy blockchain applications with low fees and fast confirmation times. The network’s security hinges on a bleeding-edge integration of Proof-of-Stake (PoS) consensus and Plasma sidechain technology. Matic is partnered with some of the Ethereum community’s most prominent projects, including MakerDAO and Decentraland. Its mainnet launch represents the culmination of the Indian-based team’s work since 2017.
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