Matic, also known as Polygon, is a layer 2 scaling solution for the Ethereum blockchain. It aims to address some of the scalability issues faced by Ethereum by providing a framework for building and connecting multiple sidechains to the Ethereum mainnet.

Matic uses a technology called Plasma, which allows for faster and cheaper transactions by processing them off-chain and then periodically committing the aggregated data back to the Ethereum mainnet. This reduces the congestion on the main Ethereum network and improves scalability.

The Matic network offers developers a high-performance infrastructure with low transaction fees, making it suitable for decentralized applications (dApps) and other blockchain projects. It provides a bridge between the Ethereum network and its own sidechains, enabling assets and data to move seamlessly between the two.

Matic's native cryptocurrency is called MATIC. It serves as the fuel for transactions on the Matic network and can be used for staking, paying for transaction fees, and participating in network governance.

In addition to its scaling capabilities, Matic also provides a range of developer tools, including software development kits (SDKs), APIs, and other resources to simplify the process of building on the platform.

Please note that my knowledge is based on information available up until September 2021, and there may have been further developments or changes to the Matic network since then.