Plasma (XPL):
Technical Innovation and Purpose:
The clear goal of Plasma is to be the digital rail for the global dollar. To achieve this, it relies on:
· Custom Architecture: It uses a high-performance PlasmaBFT consensus algorithm to process thousands of transactions per second with final settlement in less than a second.
· Fee-free USDT Transfers: Its main feature! The integrated "sponsor payer" system covers gas costs, eliminating the fee barrier for the average user.
· Full EVM Compatibility: Developers can deploy existing Solidity contracts and their tools (like MetaMask) without any modifications, accelerating ecosystem adoption.
· Unique Hybrid Security: It links the roots of the network state to the Bitcoin blockchain, achieving maximum security and decentralization, and also includes a native bridge to Bitcoin.
Role of the XPL Token:
Token $XPL is the fuel and backbone of the network, used for:
· Paying gas fees for complex transactions (not supported for free).
· Staking to secure the network and earn rewards.
· Governance to vote on development decisions.
· Total supply fixed at 10 billion tokens, with 40% allocated for incentives and the ecosystem.