Binance has announced details of its latest 2019 project, the launch of a Matic Network. Binance Launchpad, the token launch platform and supporter for transformative Binance blockchain projects will be implementing a platform for scalable and instant blockchain transactions, to be known as the Matic Network. The Matic Network will be a “de-facto” means by which developers can “deploy and run decentralised applications.” The new project is a scaling solution that will help to further develop Binance infrastructure and enable them to adjust to their current market, which is one of the fastest-growing in the industry currently. It will be utilising sidechains for off-chain computation while also ensuring asset security and decentralised Proof-of-Stake validators. The aim is to scale public blockchains on mass, starting with Ethereum. “I believe that Matic Network is going to play a key role in this future,” said, Binance CEO and Founder, Changpeng Zhao. “We are constantly evolving and adapting for our community’s interest and the new Launchpad criteria is a response to accommodate the high demand, and ensuring a better user experience, fairness and transparency” he explained. The Matic Network is set for a launch on the April 24th 2019, when its operations will kick off with a Token Sale via a new lottery format, aimed at ensuring more fairness and transparency. “Matic’s developer-and-community driven platform allows any existing application to adopt and interact with the decentralized ecosystem for tangible scalability and better user experience,” said CEO of Matic Network, Jayntibhai Kanani.