The Plasma network uses a Proof-of-Stake (PoS) mechanism and the Plasma BFT consensus algorithm for stablecoin payments.
Validators stake XPL to secure the network, and any misconduct is penalized. Plasma doesn't deduct staked funds, but only the rewards earned, thus reducing the risk for validators. The penalty mechanism is designed to prevent malicious behavior, errors, or inefficiency, protecting validators' initial stakes. This reward-based model helps build trust, promotes long-term participation, and improves network reliability.
XPL
0.146
+15.23%