#plasma $XPL
💡 Top 5 Essential Facts
Zero-Fee USDT Rails: Plasma is the only Layer 1 blockchain that offers zero-fee transfers for USDT. It uses a "Paymaster" system where the network sponsors the gas fees for basic stablecoin transfers.
Bitcoin-Backed Security: It operates as a Bitcoin sidechain. It periodically anchors its data to the Bitcoin blockchain, giving it the security of the world's most trusted network while maintaining high-speed smart contract capabilities.
Elite Backing: The project raised over $77 million and is backed by industry giants like Tether, Bitfinex, and Peter Thiel (Founders Fund).
High-Performance Tech: It uses a consensus mechanism called PlasmaBFT (based on Fast HotStuff). This allows for sub-second finality and the ability to process thousands of transactions per second.
EVM Compatible: Even though it’s a Bitcoin sidechain, it is fully compatible with the Ethereum Virtual Machine (EVM). Developers can easily port over apps from Ethereum or BNB Chain.