Matic Network announced Sunday that the first iteration of its staking solution was now live.
Launched in stages, direct staking will initially be restricted to the Matic Foundation, the non-profit behind the Ethereum-based scaling solution, which will stake tokens on users’ behalf, the company said in a press release.
The Matic Network is a dapp-ready sidechain designed to take some of the heavy lifting off the bottleneck-prone Ethereum network. It claims it can handle anywhere between 4,000 to 10,000 transactions per second – on par with the likes of EOS and TRON that bill themselves as scalable alternatives.
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https://www.coindesk.com/matic-network-staking-program-live