Hop supports instant $MATIC withdrawals
Bangalore, August 10, 2021 – Hop now supports instant $MATIC withdrawals from Polygon to Ethereum and other supported scaling solutions. While the native Polygon bridge has seen considerable improvements over the last couple of months, cutting withdrawal times down from an average of 3 hours to merely 1 hour, one asset has been largely unaffected by these upgrades: $MATIC. Today, there are primarily two bridges to move assets between Ethereum and Polygon. The first one is the Proof of Stake (PoS) bridge and the second one is the so-called Plasma bridge. If you have ever deposited or withdrawn a token such as USDC or ETH to or from Polygon, odds are that you have used the PoS bridge. The Plasma bridge on the other hand is used for $MATIC withdrawals. It provides increased security guarantee...