Tokamak Network, a Plasma-based EVM and Matic Network, a Plasma with PoS based side chain, have announced collaborative efforts, and will be working together to make a more scalable and feature-rich blockchain environment on Ethereum.
Onther, the lead developer of Tokamak, has been focusing on enforcing privacy in Tokamak Plasma, this is the first step is adopting “Zk-ERC20” into Tokamak. And now, Onther is implementing “Zk-DEX” that will provide better experience and privacy to users.
As part of the collaboration, Matic and Tokamak will share their technical experience on their applications to help further the development of their respective layer-2 solutions. Matic will share their long term know-how on enterprise solutions with Tokamak, while Tokamak will share their know-how on privacy gained through building “Zk-ERC20” and “Zk-DEX” with Matic.
Another area of collaboration is privacy enabled sidechain for enterprises. Any implementations using EVM, like Matic Network, can utilize Tokamak as its Plasma chain. Matic’s application of Tokamak at layer-3 will enable Matic to facilitate enterprise solutions on its network that require large scale computation along with privacy features. The aims to lead to greater levels of enterprise adoption for Matic, and Tokamak will also gain a wide range of use cases in the process.
Matic Network is a layer-2 scaling solution that achieves scale by utilizing sidechains for off-chain computation while ensuring asset security using a Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. Matic strives to solve the scalability and usability issues without compromising decentralization and leverages the existing developer community and ecosystem.
Matic Network is an off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities. Matic has a long term focus on enabling enterprise use cases which in many scenarios require large scale computation.
Tokamak Network, an Ethereum Foundation grantee, is also a layer-2 scaling solution that is controlled by rootchain contract which is deployed on the Ethereum main chain (or any EVM enabled chain like Matic Network). Tokamak Network’s security is ensured by the Plasma protocol of Ethereum. It is therefore needless to introduce an additional consensus algorithm into the Tokamak Plasma chain for security. Also, the Plasma chain can be utilized as a platform where the Dapp operates to protect privacy, providing functionality including untraceable wallets, zero-knowledge-based decentralized cryptocurrency exchanges, and confidential crypto derivatives.