Zero-Fee Stablecoin Focus: The primary goal of #Plasma is to provide near-instant, zero-fee $USDT (and other stablecoin) transfers, making it highly suitable for daily transactions, remittances, and business payments.Layer 1 Architecture: Unlike Layer 2 solutions that depend entirely on another chain, Plasma is a sovereign Layer 1 blockchain with its own validator set and consensus mechanism (PlasmaBFT), ensuring high-speed and security.**\(XPLNativeToken:**The\)$XPL token is the native asset of the network, used for staking, securing the chain, and paying gas fees for more complex, non-basic transactions.EVM Compatibility: It is fully Ethereum Virtual Machine (EVM) compatible, allowing developers to easily migrate existing Ethereum tools and smart contracts to the faster Plasma network.Bitcoin Security Bridge: Plasma incorporates a trust-minimized bridge that allows Bitcoin to be used natively in its ecosystem, combining Bitcoin's security with fast, stablecoin-focused transactions.High-Volume Performance: Built for scale, it utilizes the "Reth" client to process thousands of transactions per second with sub-second finality.Institutional Backing & Adoption: The project has garnered significant attention, with backing from prominent investors like Peter Thiel’s Founders Fund, Framework Ventures, and Bitfinex, and a launch featuring over $1 billion in locked liquidity.
Not a financial advise, do on lisk...