MATIC is the native token of Polygon Network. The Polygon Network is a public blockchain that offers an infrastructure for decentralized applications to be built on it.
MATIC tokens are used to pay for transactions on the Polygon Network. They will also be used as a reward mechanism for developers who contribute to the network.
The Polygon Network ensures that you will always experience reduced gas prices and fast, secure transactions.
Using blockchain technology, this network promises to provide a level of security to ensure that no one can manipulate or take advantage of your personal information.
This article will explore how you transfer MATIC tokens from the Ethereum mainnet to Polygon Mainnet by making use of Polygon Bridge.
What is the Polygon Bridge?
The Polygon Bridge is a design that is meant to provide a smooth and easy connection between the Polygon blockchain and the Ethereum blockchain. With compatible cryptocurrency wallets, it is possible for users to easily transfer tokens back and forth.
Through the use of the Polygon Bridge, we can now move MATIC tokens and non-fungible tokens between the Ethereum mainnet to the Polygon mainnet without any risk of fraud.
The Polygon Bridge is a trustful cross-chain transaction channel that allows transactions of all types to be completed directly on the Polygon sidechain, which is built with smart contracts. This will enable assets to be transferred without the need for any type of counterparty risk.
The Polygon Bridge comes with two types of bridge, the Proof-of-Stake Bridge, and the Plasma Bridge.
The PoS Bridge is the official Matic Bridge. This bridge will be used for validating transactions on the Ethereum blockchain and for sending transactions from Ethereum to MATIC.
The Plasma Bridge will be used for bridging tokens transaction from Polygon to Ethereum. You can use Plasma Bridge to withdraw MATIC from Polygon Bridge.
How do You Transfer Matic from Ethereum Mainnet to Polygon Mainnet on Metamask?
The PoS Bridge can transfer Matic tokens from Ethereum to Polygon. If you want to bridge MATIC from Ethereum to Polygon mainnet, you’ll need a compatible wallet such as MetaMask.
Once you create a new MetaMask wallet and install the browser extension (for Chrome), follow the steps below to transfer MATIC tokens from ETH to Polygon now.
Firstly, you tap on the “Polygon Bridge” app to log in to the “Polygon Web Wallet” account.
Then you will connect your Metamask Wallet to Polygon Web Wallet by signing a message. A Signature Request interfaces popup and click on the “Sign” button to log in to Polygon Wallet.
If everything is correct, the Polygon Bridge interface should be coming up on the screen. Otherwise, click on the “Bridge” on the left menu bar to open the Polygon Bridge console.
Now, you are ready to transfer MATIC tokens from Ethereum to Polygon Mainnet. You go to the “Deposit” tab on the top bar and click on the ETH token, then enter the amount of token to transfer, and click on the “Transfer” button at the bottom.
During the process, the “Transfer Overview” wizard will pop up that will estimate the gas fees for this transaction. You can go ahead to click the “Continue” button if you accept everything.
You are also required to sign and confirm the transaction in the Metamask wallet if everything is correct in the transaction. Once you confirmed, the token transferred from ETH should arrive in your Polygon wallet in less than 10 mins.
Once the transfer is completed, the balance would be updated with the new amount. You can check the transaction status by clicking on the button “View on Etherscan” at the bottom.
