Plasma (XPL) is a Layer 1 blockchain network specifically designed for high-speed payments using stablecoins at very low costs, with full compatibility with the Ethereum (EVM) environment to facilitate the transfer of decentralized applications easily. The network relies on the PlasmaBFT consensus mechanism that provides fast finality for transactions, low block time, and the ability to process over 1000 transactions per second, making it suitable for daily transfers and international remittances.
XPL is the native token of the network, with a maximum supply of 10 billion tokens, featuring an economic model that includes low gradual inflation and a burning mechanism for part of the fees similar to EIP-1559. XPL can be used to secure the network through staking and earning rewards, in addition to its role in governance. The network also supports fee payments using USDT, increasing its appeal for payment use cases.
Plasma focuses on developing solutions such as private payments, secure bridges with Bitcoin, and enhancing DeFi protocols through partnerships with platforms like Aave and Euler. Its main advantages include speed, low fees, and security, while its challenges include intense competition and user and developer adoption.
BTC
92,241.87
+2.35%
BNB
889.08
+2.37%
XPL
0.1609
-0.98%
