Plasma is a type of blockchain designed specifically for handling stablecoin transactions efficiently. It operates as a Layer 1 blockchain, meaning it is a foundational network that doesn't rely on other blockchains for its operations. Plasma offers full compatibility with the Ethereum Virtual Machine (EVM), which allows it to run Ethereum-based applications smoothly. It also boasts very fast transaction finality, meaning transactions are confirmed almost instantly, thanks to its PlasmaBFT technology. @Plasma
Plasma introduces unique features tailored for stablecoins, such as allowing transactions of USDT (a popular stablecoin) without requiring transaction fees, and prioritizing stablecoins for transaction fees. Additionally, it incorporates security measures linked to Bitcoin to enhance neutrality and reduce the risk of censorship.
The blockchain targets a wide range of users, including everyday consumers in regions where stablecoins are widely used, as well as financial institutions involved in payments and finance.
