Melbourne-based blockchain company Blockchain Australia Solutions has announced a strategic partnership with Matic Network. Blockchain is a groundbreaking piece of technology that has several applications across various industries. It is like a digital ledger that stores every transaction performed by users. However, despite its great capabilities, blockchain has been facing serious issues like on-demand scalability. Other difficulties that are being faced are delay in transaction verification and high charges for the required computing power. Its complexity of usage is also a challenge for a regular, non-technologically inclined person. Many companies across the globe are trying to solve these for a long time now. Matic Network is one such company that has been able to come up with a solution that addresses these issues.
About Matic Network
Matic uses a decentralized platform which uses Proof-of-Stake mechanism that eliminates the need for computation which is the main difficulty faced in the traditional Proof-of-Work mechanism used in blockchain.
At present, one single Matic chain can achieve up to 65,000 transactions in a second and possibly (in the future), millions of transactions on multiple chains. Moreover, Matic ensures seamless UX abstraction from mainchain to the Matic chain, which makes it more user-friendly.
Matic Network also provides its own Software Development Kits (SDKs) and Application Programming Interfaces (APIs) and allows easy integration with any existing dApps and gives the freedom to run the network using existing tokens.
About Blockchain Australia Solutions
Blockchain Australia Solutions is a pioneering blockchain marketing agency whose expertise lies in implementing and developing blockchains. It is a leading blockchain development and application agency in Melbourne with years of experience. It provides its highly specialised and tailored solutions, including blockchain wallet development, for businesses.
The company has been working for a while towards creating a borderless and global economy. Founder of Blockchain Australia Solutions, Ralph Kalsi believes their partnership with Matic Network is a gigantic leap for the two companies towards turning the same plan into reality. The move is a step towards a better and bigger future in blockchain and he expects a huge shift in the way industries with massive user bases run soon, Kalsi adds.
Blockchain Australia Solutions has a team of expert digital blockchain consultants that help businesses with every detail of its blockchain application and systems. The staff and leadership at Blockchain Australia Solutions has spent years developing it’s blockchain services and solutions so it can be implemented in every industry possible.