Plasma is a framework for creating scalable and secure sidechains, primarily used in Ethereum (ETH) and other blockchain networks. It allows for faster and cheaper transactions by processing them off the main blockchain and then settling them in batches.
Key Features:
- Scalability
- Security
- Flexibility
Some notable Plasma implementations include:
- OMG Network
- Polygon (formerly Matic Network)
Plasma is a Layer 2 scaling solution that enables faster and cheaper transactions on Ethereum and other blockchains. Here's more:
- *How it works*: Plasma creates a secondary blockchain (sidechain) that processes transactions off the main chain, then settles them in batches.
- *Benefits*: Scalability, reduced fees, and improved performance.
- *Use cases*: DeFi, gaming, and high-throughput applications.
Some notable Plasma implementations include:
- OMG Network: Decentralized exchange and payment platform
- Polygon (formerly Matic Network): Scaling solution for Ethereum
