Money mode of operation is on cross road. Value transfer was a staid procedure that was not transparent and expensive and could not be subjected to the external environment. The old blockchain network is challenged to be substituted by the new blockchain networks. One of them is a corporation known as Plasma, one of the central properties of a company that they own XPL are trying to redefine the money still yet again in an internet-like approach.
Plasma vision is not a complicated vision at all, very powerful. Money has to be circulated freely as information. It will have to go round the planet round without a distance so secretive and fair in a manner that anyone can verify. Transparency is not an aspect that can be incorporated as a side-effect, but it must be required. In the situation when people can feel exchange of value, the trust is ceased to be institutionalized. It is even incorporated in the system.
This system is centred on XPL. XPL has not been any other digital cash. It plays a similar role like the conventional finance as reserve bodies and primary currencies in the countries. The network unites people, it is the element that inculcates the rules and governs the personalities who produce and use it and also keeps it going. Personally, it is one of the largest design scale. These type of financial incentives must be measurable and observable, to some extent that monetary system can be operating in a long-term.
Plasma blockchain is a derivative of the native resource XPL. It is used in the spread of the value through the network as well as providing incentives to the honest network nodes implemented to operationalize network. This led it to accrue as the assets the same to its network or Ethereum its network. This does not mean that they end up becoming alike. One of them that has such wicked intent is plasma. It is also reaching considerably above average crypto viewers.
What appears interesting to me is the fact that the actual adoption to the outside world is mentioned right at the beginning. The overall XPL mechanics distribution and partnering is destined to be spread to the old time financial institutions and old legacy systems. It cannot be the substitute of the overnight. It is interested in the creation of the path that the giant organizations can follow.
The stablecoins are meaningful to this vision. The acquisition of the stablecoin utilization is related to the need of the secure yielding and biased base layer. XPL which is also a ground base is one of such likely layers. This process is known as the anchoring that puts the system on the right track as they commodity the added value that would be incorporated in the chain. When trillions of values will be floating in open networks, it will be on good foundation and can be predicted and corrected.
At personal level, I believe it is a professional manner of working. Plasma is not invested towards the short term hype but they are trying to establish a set-up that would be maintained. Most probably, the non-cryptocurrency audience will not be able to use the services of this technology with a referral to the priority of the incentive, openness, and compatibility with the systems already implemented.
Programmable money is not a technologic improvement of technology. It is a social shift. It turns around those individuals who might be there who might be good and who might be creative. XPL would turn out to be an unspoken but very useful property that would make the day to day finance to be at a level which most of the population would burst at it like a booming plasma.
And the least but not the least it does not remain the only promise of the new system speed/efficiency. It is agitating faith, good willed and openness. It is what causes me to believe that XPL is not an experiment of one trial, but an experiment of trial in the long-run, how money in world would be more beneficial to everyone.