@Plasma (ticker: XPL) is a real cryptocurrency native to a blockchain project called Plasma — a Layer-1 blockchain built for fast, low-cost stablecoin and global payments. It’s distinct from the old Ethereum “Plasma” scaling framework — this is a brand-new blockchain network. �
#plasma Binance Academy +1
Here’s what’s important about it:
🔹 Native Token (XPL) — This is the cryptocurrency used on the Plasma blockchain. People hold and trade XPL. �
🔹 Purpose — Plasma is designed to facilitate fast, cheap transfers of stablecoins like USDT, with features like zero-fee transfers under certain conditions and high throughput. �
🔹 Technology — It uses a consensus called PlasmaBFT and is EVM-compatible, meaning Ethereum-based tools can work with it. �
🔹 Use Cases — XPL is used for transaction fees, staking/validators, and securing the network, similar to ETH on Ethereum or ADA on Cardano. �
