Plasma is a Layer 1 blockchain designed specifically for global stablecoin payments. The protocol introduces features such as zero-fee USDT transfers, support for custom gas tokens, and a native Bitcoin bridge that allows BTC to be used within smart contracts.
Plama is secured by PlasmaBFT, a consensus mechanism that provides fast transaction finality and supports the high throughput required for payment-focused applications. The network is EVM-compatible, enabling developers to deploy Ethereum-based smart contracts with minimal effort.
Plasma is an EVM-compatible, Layer 1 blockchain for stablecoin payments, featuring zero-fee USDT transfers and custom gas tokens.
The network supports a trust-minimized Bitcoin bridge, enabling BTC to be used natively in smart contracts through pBTC.
XPL is the protocol’s native token. It’s used for transaction fees, validator rewards, and securing the network.