The MATRIX Chain is the permission-less ledger which tracks, stores, and confirms transaction and wallet addresses. The Proof of Checks and Balances (PoCB) maintains the consensus and security of the platform. In the MATRIX Chain, two parties known as Miners and Stakers govern its consensus.
In the traditional distributed ledger technology, the wallet balance is calculated by summing all of the previous transactions and blocks. It requires additional calculation and CPU usage. In the MATRIX Chain, however, the MATRIX consists of assets recognized by the hashtable.