$XPL #Plasma @Plasma Plasma (XPL) is a new Layer-1 blockchain designed specifically to make stablecoin payments fast, cheap, and scalable worldwide. It focuses on moving digital dollars like USDT with near-zero fees and high transaction speeds, unlike general blockchains that handle many kinds of apps but often slow down or charge high costs for transfers.
The network uses a consensus mechanism called PlasmaBFT for security and performance, and is Ethereum-compatible, so developers can build smart contracts easily. The native token, XPL, secures the system by paying fees, rewarding validators, and eventually enabling governance decisions. Plasma also plans features like a Bitcoin bridge and privacy-focused payments.
