How far along are we with supporting Matic? A question we get asked a lot since we announced our partnership with them. Here is a small update for all those eagerly awaiting.
In production, our wallet users are able to import their Ethereum wallets directly into Matic and perform basic transactions such as sending and receiving $Matic as well as signing transactions on the Matic sidechain.
In order to help grow the adoption of the Matic ecosystem and help the community to share the benefits of the Matic sidechain, users are able to send $Matic to any email address. Even if the receiver doesn't own a Matic wallet. Our system will translate the email address into a Matic wallet and contact the recipient in order to transfer ownership of the wallet to him. In the video below you can see a demonstration. Note that the receiver doesn't need to be an Arkane user.
Our platform is designed for developers and built for businesses. Every functionality we release and support in our frontend is also available to developers, including performing transactions on Matic. From now on all our B2B partners are able to support Matic in their applications.
Matic Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains. It provides a solution for faster and extremely low-cost transactions with finality on the main chain.
The system ensures liveliness using PoS checkpoints which are pushed to the Ethereum mainchain. This enables a single Matic sidechain to theoretically achieve 2 16 transactions per block, and possibly millions of transactions on multiple chains in the future.