Plasma is a blockchain whose main objective is to make global payments faster and more cost-effective through digital dollars (Stablecoins).

  • Layer-1 Blockchain: It does not depend on any other chain, but has its own network.

  • ​XPL Token: XPL is the native token of this network, which is used for security, staking, and operating the network.

    ​2. How does it work? (How it Works?)

    ​Plasma technology makes it different from other blockchains:

    • ​Zero-Fee USDT Transfers: Its biggest feature is the "Paymaster" system. This allows users to send USDT without any gas fees. This means you don't need to keep separate tokens for transactions.

    • ​Bitcoin-Anchored Security: It relies on the Bitcoin blockchain for its security. It periodically saves its transaction data on the Bitcoin network, making it much more secure.

    • ​EVM Compatibility: It works with the Ethereum Virtual Machine (EVM). This means developers can easily shift their apps (dApps) onto it.

    • ​PlasmaBFT Consensus: It uses a special kind of rule (Algorithm) that allows transactions to be completed in the blink of an eye (Sub-second finality).

      #Plasma @Plasma $XPL

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