Infosys Joins Matic Network as Validator to Scale ETH Network
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Infosys Joins Matic Network as Validator to Scale ETH Network

May 29, 2020      Vandana Malik

Infosys, Indian IT giant has recently joined Matic Network as an early validator. Through this partnership, the firm aims towards scaling the Ethereum (ETH) network using Plasma. It will also ensure and help the firm to build up a secure and strong DApps ecosystem. Matic Network is a firm that provides various side-chain scalability solutions to different public blockchain platforms. Ever since MATIC was listed in April 2019, it has seen a huge price appreciation as it rose around 470% against BTC.

Sandeep Nailwal, co-founder of Matic Network has said that his firm is extremely delighted to have Infosys as their network validator. Together, both the firms will be providing a high-performance infrastructure for the DApp ecosystem globally. Along with this, they will leave a huge impact on the complete decentralized world.

Infosys has given boost to layer two scaling solution

It has been seen that with the announcement of Infosys joining Matic network, there has been a boost to the layer two scaling solution. Over time, it has been seen that people face major issues with scalability and it is something that is quite hard to control. Scaling solutions are something extremely important these days as there have been an increase in Ethereum gas prices.

It has been assumed that MATIC can help to scale Ethereum because it claims that it is capable of handling 10,000 transactions per second. This move by Infosys of joining Matic network is clearly showing the belief of the firm towards MATIC and its blockchain technologies.

The intersection of finance and technology 

Infosys has proved that firms believe with the intersection of both finance and technology and also has knowledge about the same. The firm has built up Finacle, which is a banking software and reportedly it is under operation across 100 countries. Now this move by the firm of joining Matic software seems to be a great step by the firm in further innovation and enhancement.

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#early validator #Infosys #Intersection of finance and technology #layer two scaling solution #Matic Network #Sandeep Nailwal
Vandana Malik
Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.