Hop Protocol launches novel cross-chain that will bypass Plasma Bridge

A much needed feature to eliminate the delay time of transaction time between polygon & Ethereum for the Matic is now achieved. Hop Protocol solved this delay of Matic withdrawal through Novel Cross Chain.

At the present time, if a user wants to withdraw funds or transfer funds from Polygon to the Ethereum network, then it takes around 1 hour. Now the Hop Protocol has succeeded in eliminating this long time period. 

In the transactions of Matic from one Polygon network to Ethereum network, cross chain platform needed two bridges. 

The first bridge is “PoS Bridge” and the second one is ” Plasma Bridge”.

 The PoS Bridge provides the ability of faster deposits and withdrawals within  two chains and is most commonly used for transfers. It takes about 7 to 8 minutes to successfully withdraw from the Ethereum network. But it takes around 1 hour to deposit on the Ethereum network, which is not a huge problem yet. But the main problem is with the Plasma bridge which is a highly time consuming system.

Now this problem can be easily eliminated through Novel Cross-chain. Hop Protocol claimed that they will introduce Move Cross-chain to eliminate the Rolle of the Plasma Bridge and that will facilitate transactions faster instead of 1 hour time.

Plasma bridge is specially designed for the Matic token withdrawal and also it gives guarantee to provide the security to the network at better level. But the system function of Plasma bridge is not identical to Pos Bridge which makes it slower. Even Plasma Bridge can take around a week also to complete the transaction. 

Now, Novel cross-chain automated market maker function will work to eliminate the delay time in between the network. Actually it is a type of swap feature that will give 1:1 Matic token during the transaction to/from the Polygon network.

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