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ICYMI: IGGalaxy will be migrating our blockchain architecture from TRON to Matic over the next few weeks!
After 2 years building on TRON, yesterday, we outlined our rationale behind this significant move.
Let’s break it down
/1
After 2 years building on TRON, yesterday, we outlined our rationale behind this significant move.
Let’s break it down
/1
After careful consideration — and of course thinking long-term — it was an absolute no brainer: migrating from TRON is hugely beneficial for the IGGalaxy ecosystem.
We will highlight the technical and non-technical factors here in this thread /2
We will highlight the technical and non-technical factors here in this thread /2
From a technical perspective: Matic network provides IGGalaxy with a significantly greater scope for scale and throughput in comparison to TRON.
Matic: up to 65,000 tx/s
TRON: Max 748 tx/s /3
Matic: up to 65,000 tx/s
TRON: Max 748 tx/s /3
TRON & Matic networks require the user to have the native platform tokens ( $TRX & $Matic ) as a ‘fee’ for interacting with the blockchain. For example: sending tokens, interacting with smart contracts, and so on.
We found that Matic was 3x cheaper than TRON from our tests. /4
We found that Matic was 3x cheaper than TRON from our tests. /4
Although TRON provides free tx's through energy and bandwith, this doesn’t help our users who are adopting crypto for the very first time. They don’t have TRX nor do they know how to freeze.
Our end-users come first: cheaper fees; greater accessibility. /5
Our end-users come first: cheaper fees; greater accessibility. /5
Going further, by collaborating with @biconomy , we will be able to ensure end users can transact in IGGalaxy solely with IGG.
This will eliminate the need for an additional token for gas/bandwidth/energy. /6
This will eliminate the need for an additional token for gas/bandwidth/energy. /6
Matic is compatible with Ethereum, the 2nd largest blockchain platform.
This comes with a number of other benefits, including better development tools which our development team are extremely excited about. /7
This comes with a number of other benefits, including better development tools which our development team are extremely excited about. /7
As the token swap to ERC20 begins (early October), we will shortly after list $IGG on @UniswapProtocol and provide liquidity.
By doing so, we can look to provide fiat gateway in IGGalaxy for our users to easily buy/sell their IGG with traditional payment methods. /8
By doing so, we can look to provide fiat gateway in IGGalaxy for our users to easily buy/sell their IGG with traditional payment methods. /8
Matic is a thriving ecosystem with many new and exciting projects surfacing.
Interoperability with Ethereum means that the scope for collaborative opportunities has significantly increased.
From blockchain games to NFTs, we look forward to bringing more value to our users /9
Interoperability with Ethereum means that the scope for collaborative opportunities has significantly increased.
From blockchain games to NFTs, we look forward to bringing more value to our users /9
In our announcement we clearly outlined "Why not TRON", which ultimately laid bare the reasons why IGGalaxy needed to find a better solution.
As outlined, we believe TRON‘s actions and directions do not align with the values and direction of IGGalaxy /10
As outlined, we believe TRON‘s actions and directions do not align with the values and direction of IGGalaxy /10
Regardless, we believe the future of the blockchain industry will evolve into a mesh of networks. There will not be ‘one to rule them all’.
Interoperability will be key /11
Interoperability will be key /11
While Matic will be central to IGGalaxy’s tokenomy, long term, we envision IGGalaxy supporting numerous prominent blockchains, enabling the wider ecosystem to leverage the power of IGGalaxy’s thriving & engaging community /12
To summarise, the key reasons for why we chose Matic for IGGalaxy
Overall better solution technically (fast, v scalable & more dev tools)
$IGG used as ‘fee’ for users to transact in IGGalaxy
Compatible with ETH
Cost of TX 2-3x cheaper
/13
Overall better solution technically (fast, v scalable & more dev tools)$IGG used as ‘fee’ for users to transact in IGGalaxyCompatible with ETHCost of TX 2-3x cheaper/13
Much more thriving ecosystem enabling greater collabs & value creation in IGGalaxy (eg NFTs, DApps)Listing on @UniswapProtocol which step closer to fiat gatewayTRON’s values not aligned with IGGalaxyGreat team behind Matic who believe in what we are building/14
