Plasma is a Layer 1 blockchain built to power stablecoin payments at a global scale. It introduces practical features like zero-fee USDT transfers, support for alternative gas tokens, and a native Bitcoin bridge that brings BTC into smart contracts without intermediaries.
The network operates on PlasmaBFT, a consensus system designed for high speed and security, ensuring transactions are confirmed within seconds. Being fully EVM-compatible, Plasma allows developers to deploy Ethereum smart contracts easily and use familiar tools across the ecosystem.
How Plasma ($XPL ) Works?
PlasmaBFT Consensus
PlasmaBFT is based on the Fast HotStuff Byzantine Fault Tolerant protocol, a modern method for maintaining blockchain security even when some validators behave incorrectly. The “Fast” variant reduces unnecessary communication between validators, cutting down confirmation time.
Plasma builds on this foundation by running proposal, voting, and confirmation stages in parallel instead of one after another. This structure increases efficiency, allowing blocks to be produced and finalized quickly — ideal for payment systems where transaction speed matters.
EVM Execution Layer
The execution layer of Plasma runs on Reth, an Ethereum client developed in Rust. While PlasmaBFT handles block sequencing and finality, Reth executes smart contract logic, state updates, and EVM operations. This makes Plasma directly compatible with Ethereum’s ecosystem, letting developers use Solidity and existing tools without modification.
