Blockchain was all about decentralization, transparency, and immutability, which made it a massive hit among tech enthusiasts worldwide. However, these values have taken a backseat, especially after the massive crypto rally in 2017 and the subsequent downfall of 2018.
Recently, several accusations have been recorded against giant platforms like Ethereum and Binance for not being truly decentralized. To tackle this value degradation, Binance Info launched the Transparency Initiative, which urges all blockchain based companies to make all their project-related information public.
On Monday, Matic Network, privacy and decentralization focused block network based on Ethereum, joined the Binance Info’s Transparency Initiative. Denouncement came via tweet stated that Matic would share all project related like news, and progress reports, etc. on the platform, to contribute to keeping the community informed.
Matic Network has officially joined Binance Info's transparency initiative. By sharing project-related information such as news and progress reports on Binance Info, Matic is contributing to keeping the community informed.
— Matic (@maticnetwork) May 20, 2019
In a blog post on its official website, Binance Info stated that Matics aims to the preferred choice for developers to develop transparency-focused dapps. It further said,
Matic Network has been a significant contributor to the Ethereum ecosystem having worked on implementations of Plasma MVP (Minimum Viable Plasma), WalletConnect protocol and the popular Ethereum event notification engine – Dagger.
According to the post, Matic Network wants to solve scalability issues and create a platform for dapp developers. It also aims to provide interoperability among decentralized exchanges and offer a better UX/UI for large scale adoption.