The discussion about Layer One Blockchain in the sources focuses on the Plasma project and its token, XPL, highlighting its specialization in the handling of stablecoins.
Here are the key points about Layer One according to the provided material:
1. Definition and Focus of Layer One
Plasma is specifically described as a layer one blockchain and a high-performance layer one blockchain.
The design of this Layer One is focused on stablecoins. It was specifically designed to handle this type of asset.
This focus allows it to seek business with companies that move a lot of capital in stablecoins, such as Tether (with USDT), Circle (with USDC), and Ripple. It is also mentioned that even Donald Trump has launched his own stablecoin, USD1.
2 Operational Advantages and Scalability
The fact that Plasma is a high-performance Layer One focused on stablecoins allows it to offer significant advantages in terms of scalability and costs:
Ability to handle more than 1,000 transactions per second.
Block times of less than one second, which makes it highly scalable.
Offers transfer fees in USDT of 0.
3 Backing and Adoption
Plasma, as Layer One, has achieved significant adoption and has institutional and corporate backing:
It has reached over 1,000 million in stablecoin deposits.
It is compatible with over 15 stablecoins.
It is the sixth most used network backed by USDT.
Among its investors and backers, Paolo Ardoino, who is the CEO of Tether, and the former chairman of the CFTC stand out.
Disclaimer ⚠️
The information provided in the previous post is for informational and educational purposes only. It should not be interpreted as financial, investment, legal, or tax advice.🚫
