To explain the Project @Plasma without complication, let's take the focus off the codes and think of something everyone knows: a Shopping Center.
Imagine that Ethereum (the main network) is the City Notary.
The Problem: The Crowded Notary
If every time you bought a bread at the bakery, you had to go to the City Notary to register the exchange of 5 reais for a bread, the system would crash. The lines would be kilometers long and the fee for the clerk to stamp the paper would be more expensive than the bread itself.
The Solution: The Shopping Center (Plasma Project)
The @Plasma works by creating "shopping centers" (called Child Chains) that are connected to the Registry Office but operate independently.
1. The Entrance to the Shopping Center
You arrive at the Registry Office and say: "I will enter the Shopping Center with 1,000 reais". The Registry Office notes this down and "locks" your money there. You receive a receipt and enter the Shopping Center.
2. Purchases and Exchanges inside
Inside the Shopping Center (on the Plasma network), you buy clothes, have ice cream, and pay for the cinema. These transactions are instantaneous and almost free, because you are not going to the Registry Office for each one of them. The stores in the Shopping Center just note down in an internal notebook who owes what to whom.
3. The General Report
At the end of the day, the Shopping Center doesn't send the Registry Office a list of all the 50,000 sales that happened. It sends just a single paper (a summary) saying: "After all the transactions today, the final balance of everyone inside is this". The Registry Office just stamps this summary.
4. The "Emergency Exit" (Security)
And what if the owner of the Shopping Center decides to close the doors and run away with the money? In Plasma, you have a security period. You can bring your last purchase receipt to the Registry Office and say: "Hey, the Shopping Center had a problem, but here is the proof that I still had 200 reais inside". The Registry Office checks and returns the money to you on the main network.
To explain the Plasma Project without complication, let's shift the focus from the codes and think of something everyone knows: a Shopping Center.
Imagine that Ethereum (the main network) is the Registry Office of the City.
The Problem: The Crowded Registry Office
If every time you bought a bread at the bakery, you had to go to the City Registry Office to register the exchange of 5 reais for a bread, the system would crash. The lines would be kilometers long and the fee for the clerk to stamp the paper would be more expensive than the bread itself.
The Solution: The Shopping Center (Plasma Project)
Plasma works by creating "shopping centers" (called Child Chains) that are connected to the Registry Office but operate independently.
1. The Entrance to the Shopping Center
You arrive at the Registry Office and say: "I will enter the Shopping Center with 1,000 reais". The Registry Office notes this down and "locks" your money there. You receive a receipt and enter the Shopping Center.
2. Purchases and Exchanges inside
Inside the Shopping Center (on the Plasma network), you buy clothes, have ice cream, and pay for the cinema. These transactions are instantaneous and almost free, because you are not going to the Registry Office for each one of them. The stores in the Shopping Center just note down in an internal notebook who owes what to whom.
3. The General Report
At the end of the day, the Shopping Center doesn't send the Registry Office a list of all the 50,000 sales that happened. It sends just a single paper (a summary) saying: "After all the transactions today, the final balance of everyone inside is this". The Registry Office just stamps this summary.
4. The "Emergency Exit" (Security)
And what if the owner of the Shopping Center decides to close the doors and run away with the money? In Plasma, you have a security period. You can bring your last purchase receipt to the Registry Office and say: "Hey, the Shopping Center had a problem, but here is the proof that I still had 200 reais inside". The Registry Office checks and returns the money to you on the main network.
Why is this important?
Without projects like Plasma (or its successors, like Rollups), Ethereum would be a tool only for the wealthy, as no one would pay 50 reais in fees to transfer 20 reais. Plasma helps democratize usage, allowing the system to support millions of people at the same time.
Is it clear how this "shopping" helps relieve the city? If you want, I can explain why nowadays people talk more about "Rollups" than about Plasma!
Why is this important?
Without projects like Plasma (or its successors, like Rollups), Ethereum would be a tool only for the wealthy, as no one would pay 50 reais in fees to transfer 20 reais. Plasma helps democratize usage, allowing the system to support millions of people at the same time.
Is it clear how this "shopping" helps relieve the city? If you want, I can explain why nowadays people talk more about "Rollups" than about Plasma!
What do you think of this project? Are you excited? Share your opinion 😄
Don't forget to follow us
Also follow the @Plasma
