major problem affecting the networks:
With the increasing adoption of the blockchain technology, scalability appears to be a major problem affecting the networks. This is due to the high fees and the time taken to confirm a transaction. It is here that the vision of the Twitter handle @Plasma comes into play.
The design of Plasma aims to optimize execution by offloading complex computations and maintaining an optimal and secure underlying network. Rather than making every transaction compete for block space in a limited manner, Plasma makes transactions execute in a smoother way and is therefore optimal for high-volume usage sectors such as DeFi, gaming, and real-time decentralized systems. This is because the underlying pain points associated with congested blockchains are being solved for by Plasma.
The native token $XPL
plays an essential role in the Plasma network, including network operation support, incentivization, and long-term sustainability. The well-structured execution layer would be worth much more, especially when the usage increases, for projects needing speed and cost efficiency at scale.
At Plasma, much attention is given to building strong infrastructure that can sustain future growth rather than chasing hype. In a still-evolving Web3 landscape, execution efficiency will be defined by the surviving and thriving networks. Plasma's vision shows great comprehension of that reality, thus making it a project worth following closely. #Plasma