$XPL The Stablecoin Speed Layer
The XPL contributing unit is the operating capital of the Plasma Layer 1 blockchain that is dedicated to ensuring that stable-coin payments become cost-effective, fast, and accessible on a global scale.
Do you experience any kind of prohibitive transaction costs and slow processing speed when transferring digital currency? Plasma is posed in the form of a solution. It is a network based on USDT transfers with zero-fee charges, making it the best in the world stablecoins settlement layer.
XPL is not just another cryptocurrency: it forms the heart of the working network:
- Security: In a Proof-of-Stake consensus mechanism, validators will have to stake XPL in order to protect the network.
- Gas: Although the transfer of stablecoins can be usually performed free of charge, XPL works as the required gas token in more intricate enough transactions and smart-contracts processes.
- Governance: The vote holders get voting power on stalling protocol upgrades.
In short, Plasma is an optimized blockchain in payments, and XPL is the token, which provides efficient functioning of it.
