When ROSE is transferred to emerald, and becomes eROSE for EVM, does it still exist as ROSE on the consensus chain also? Which is to say, it is just an accounting process between the paratime layer and consensus layer, there is no burning and minting etc?

Question

vishal · Accepted Answer

Some consequences of the design: deposited rose remains in the total supply of the consensus layer. It's held under an account that belongs to the paratime. Within the paratime, a new "native denomination" is minted. That native denomination is still labeled "rose" for simplicity. But right, in consensus it doesn't get burned. Because paratimes aren't permitted to mint rose in the consensus layer. It only holds on to it, and it transfers it out when people withdraw.