#plasma #XLP

What Is XPL?

XPL is the native coin of the Plasma blockchain, a Layer-1 decentralized blockchain built for fast, low-cost stablecoin transfers, smart contracts, and global payments. It’s designed to compete with major networks like Ethereum and Solana by combining high throughput, EVM compatibility, and scalable economics for digital money infrastructure. �

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Plasma’s ecosystem was created to make it easy and cheap to move stablecoins (like USDT) at scale — even supporting zero-fee USDT transfers for simple payments — while using XPL for more complex operations. �

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🔥 Key Features of XPL and Plasma

💡 Native Token of a Layer-1 Blockchain

XPL is not just a token on another chain — it’s the native cryptocurrency powering the Plasma blockchain itself, much like ETH on Ethereum or SOL on Solana. �

⛽ Gas & Network Fees

Users pay transaction fees with XPL for activities like executing smart contracts or interacting with decentralized applications (dApps) — although simple stablecoin transfers can be gas-free. �

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🛡️ Security and Consensus

Validators on the Plasma network stake XPL to secure the blockchain and help validate transactions. In return, they earn XPL rewards. �