#plasma $XPL Plasma (XPL) does not seek to compete with all the blockchains out there. That’s because it is designed for a single purpose, which is to transfer stablecoins fast, cheaply, and securely. In a world where digital money is present in the marketplace for payments, savings, and remittance, Plasma is all about making this process easier for the end user.
The system operates as a Layer-1 chain, fully compatible with Ethereum, which ensures that developers are able to migrate existing applications without having to reconstruct everything from scratch. Technologically, Plasma has an incredibly fast consensus mechanism that finalizes transactions in less than a second. This translates to instant transfers for users when it comes to their stable currency.
What Plasma does differently, and better, is that it has a stablecoin focus. When it comes to transferring USDT, gas fees can be eliminated, and there won’t be a need to hold any additional coins to send cash. When it comes to other transactions, it is possible to pay fees in stablecoins. This has ensured that there are fewer ambiguities and that it is convenient to use. This mainly happens in places where stablecoins are part of their daily transactions.feel free to ask any question about project #Plasma $XPL @Plasma
