UTU partners up with Matic Network
Dear UTU Guardians of Trust!
We are excited to announce today a brand new collaboration between UTU and Matic!
UTU protocol will be lightning fast on the Matic network! Payment transactions on Matic Network can be confirmed in sub-seconds due to faster block generation times while incurring significantly lower fees. This makes payments smoother and friction-free for users on our DApps and enhances growth potential for users of UTU Coin given the significantly lower transaction fees and processing times.
Matic is really proving itself to be ahead of the pack of Ethereum layer 2 technologies, and the ecosystem they’re building is incredible. We are humbled to join the network and are excited about Matic’s ability to enable UTU to bring our trusted recommendations to Ethereum with very low transaction fees.
This is what Matic has to say about UTU and our collaboration:
Trust infrastructure provider UTU Protocol to utilize Matic Network for a seamless user experience and greater adoption
⭐️ UTU is a pioneer in digital models of trust built for establishing trust in a more human way. Using machine learning, social graphs and oracles, the team aspires to replace the traditional anonymous star rating, reviews, and scores systems as the de facto trust mechanism of digital commerce.
🤝 Their innovative solution has a range of use cases, including DeFi. UTU’s trust oracles can be used to assess a borrower’s creditworthiness, therefore removing the need for over-collateralization. Users of UTU-integrated DApps are rewarded for trust-building behaviors, rather than manipulation or abuse, in the form of UTU tokens.
🔒 By onboarding to Matic Network, users of UTU-integrated DApps will be empowered with lightning-fast in-app payments with negligible transaction fees. This will improve the UX of UTU’s solution and will enhance the growth potential of their native $UTU coin thanks to a seamless transaction experience using UTU, powered by Matic.
We’re excited to be working alongside the team to end trust fraud by powering UTU Protocol’s technology that will pave the way to a more secure trust system.
On UTU’s side, we’re just as excited!
Matic is a developer-first hybrid POS+Plasma sidechain on top of Ethereum, enabling Ethereum developers to scale their DApps for large scale usage.
Matic is rapidly becoming the go-to Layer 2 Solution for developers, thanks to secure, scalable and instant transactions, secured by Ethereum. There are 70+ Dapps building on Matic, ranging from DeFi Protocols to thrilling games and prediction markets.
Deploy your existing Ethereum DApp in less than 15 minutes! Get started with our documentation here.
At UTU we believe in a more human-friendly internet and are changing the way the world trusts online. UTU’s vision is to become the trust infrastructure of the entire internet, replacing anonymous star ratings, reviews, and scores as the de facto trust mechanisms of our digital lives. We do this in service of our mission to bridge the gap between how people trust in real life, and how they are asked to trust online. We believe in data as a human right and build for privacy first. Our goal is to make the internet a safer, more trusted place to gather, share, work, and trade.