Plasma (XPL)
is a high-performance Layer 1 blockchain designed to optimize global stablecoin transactions (stablecoins like USDT), allowing instant transfers without fees, compatible with the Ethereum Virtual Machine (EVM) and security derived from Bitcoin, aiming to be an open global financial infrastructure.
Main Features:
Optimization for Stablecoins: Its main goal is to solve problems of high fees and slowness in current blockchains for stablecoins.
Fee-less Transactions: Facilitates USDT (Tether) transfers at no cost to the user.
EVM Compatibility: Allows Ethereum developers to easily migrate smart contracts.
Bitcoin Security: It uses a Bitcoin-secured architecture, offering robust security.
Performance: Developed for high capacity, with a consensus called PlasmaBFT for rapid transaction finalization.
Ecosystem: It is developing tools like Plasma One, a bank and card to connect the crypto world with everyday life.
In Summary:
Plasma is a Layer 1 network focused on building the infrastructure for stablecoins to become an efficient and accessible global payment system, enhancing user experience with speed and zero fees.