Very true for me. 😒🤨😲

Stablecoins are really the thing in the crypto world that people actually use. Everyone else is talking about things like parallelism and how to make things work faster. Stablecoins are being used more and more. They are now worth, over 266 billion dollars. People are using them to settle payments more than they use a lot of traditional payment systems.
This is not an idea anymore it is actually happening and it is a big part of the financial system now. Stablecoins are a deal and they are being used for real transactions this is the reality of the financial world and stablecoins are a major part of it.

Here is the truth that nobody likes to talk about: using stablecoins is still really bad. Let us say you want to send USDT on Ethereum. You will have to pay a lot of money like five to fifty dollars just to use the network. And it is not like it is always the same it depends on how busy the network's

Maybe you think Tron is an option because it is cheaper.. Before you can even start you need to know about things like bandwidth and energy and staking resources. These are not problems they are big issues that stop people from using stablecoins. Only people who are really, into cryptocurrency are using stablecoins now.

Plasma found this problem easily. They did not try to be better than others at doing lots of things or follow the idea about zero knowledge. Instead Plasma made a system that's really good, at one thing: making it easy to send stablecoins so it feels like using Venmo to send money to a friend. Plasma made stablecoin transfers feel like Venmo.

The way they set up the Paymaster system is really important not just what they say about it. The Paymaster system works at a basic level, which helps with the cost of sending USDT by giving out tokens in a controlled way. When people use the Paymaster system they work with stablecoins away. They do not have to buy any other tokens first they do not have to think about the cost of gas and they do not have to worry about their transactions failing.

This might seem like a thing but it actually gets rid of the biggest problem that stops people who are new to cryptocurrency from using it. The Paymaster system makes it easier for people to use cryptocurrency, like USDT without having to deal with all the things that usually come with it.

Tethers support changes this from something that's just interesting to something that is really necessary. The company that issues the stablecoins is seeing Tron handle 83 percent of USDT transfer volume. This is a problem because Tron is a network that Tether does not have control over and cannot make better. Plasma is a deal for Tether because it is a system that is made just for them.

It is like a road that is just for their product and it is set up in a way that helps Tether make money. This is very important, for Tether because it helps them with their Tether business. Tether needs this to make their Tether work better.

The consensus layer is based on PlasmaBFT which comes from the HotStuff protocol. This consensus layer focuses on what the payment system needs. It does not care much about how good it looks on paper. When you are building something to help people settle payments it is more important to have everything finalized in under one second. This is more important than being able to process a million transactions per second.

The execution layer uses Reth. It is fully compatible, with the Ethereum Virtual Machine. This means that all the tools that already work with Ethereum will also work with this system without needing any changes.

What makes XPL tokens interesting is exactly what makes them boring to speculate about. People do not need XPL tokens to make transfers. So the demand for XPL tokens comes from a main places. These are the validators who keep the XPL network safe the applications that pay for user transactions on XPL and the people who make decisions about rules for XPL. This means that XPL tokens are more about business to business deals than, about people paying fees to use XPL tokens.

The competitive landscape shows where Plasma really stands. Plasma is not trying to beat Solana when it comes to DeFi volume. Plasma is also not trying to beat Ethereum when it comes to contract dominance. Plasma is actually competing with Tron when it comes to settlement.. Plasma may also compete with traditional payment methods as rules, for stablecoins become clearer.

The current weaknesses are really clear: there are not ecosystem applications the documentation for developers is not good and the token price has dropped a lot since it was first launched. These problems are risks but they also mean there are chances, for people who are willing to wait and invest their money slowly like patient capital investors who buy the token.

The big idea is not about one project. Stablecoins are changing from something that is only used in the crypto world to a way to move money across borders. Visa is talking openly about how rules for stablecoins will affect them. Other companies that handle payments are looking for ways to work with stablecoins. This big change is making people want special systems to make it all work.. That is exactly what Plasma was made for. Stablecoins are really important, in this change.

The success of Plasma depends on how it is done. The technology is already there. The support is already there. There is a chance for Plasma to be successful in the market. What is not clear is if the team behind Plasma can make everything work together like it should. This means they have to get merchants on board, with Plasma make sure they follow all the rules find ways to turn money into Plasma money and teach people how to use Plasma.

@Plasma $XPL #plasma #Plasma