Matic brings you a trustless two-way transaction channel between Matic and Ethereum, by introducing the cross-chain bridge with Plasma and PoS security, with this users can transfer tokens across matic without incurring third-party risks and market liquidity limitations.
Matic network bridge provides scaling solution, near-instant, low-cost, and quite flexible. Matic uses a dual-consensus architecture(Plasma + Proof-of-Stake (PoS) platform) to optimise for speed and decentralisation. We consciously architected the system to support arbitrary state transitions on our sidechains, which are EVM-enabled.
There is no change to the circulating supply of your token when it crosses the bridge;
- tokens that leave ethereum network are locked and the same number of tokens are minted on matic network as a pegged token (1:1).
- To move the tokens back to the ethereum network, tokens are burned on matic network and unlocked on ethereum network during the process.
PoS vs Plasma
|PoS Bridge(Recommended)||Plasma Bridge|
|Short Description||DApp Developer's looking for flexibility and faster withdrawals with POS system security||DApp Developer's looking for increased security guarantees with Plasma exit mechanism.|
|Structure||Highly flexible||Rigid, Less Flexible|
|Deposit(Ethereum → Matic)||3-5 mins||3-5 mins|
|Withdrawal(Matic → Ethereum)||1 checkpoint = ~30 mins||10080 mins or 7 days (Challenge Period)|
|Security||Proof-of-Stake system, secured by a robust set of external validators.||Matic’s Plasma contracts piggybacks on Ethereum’s security with 7 days challenge period.|
|Support Standards||ETH, ERC20, ERC721, ERC1155 and Others||Only ETH, ERC20, ERC721|