#plasma It is an independent Layer 1 blockchain, optimized for stablecoins. It is based on:
PlasmaBFT: High-speed consensus with finality in 1-2 seconds.
EVM Compatibility (Reth): Runs Ethereum contracts without modifications, in Rust.
Bitcoin Anchoring: Writes checkpoints of its state on the Bitcoin blockchain, using its security as an immutable notary.
Paymaster System: Allows gas fees to be paid by a third party. Users can operate with USDT without needing the native token.
BTC Native Bridge: Converts Bitcoin into a usable asset in DeFi without centralized custody.
It is a competing network that prioritizes fast payments, user experience, and leverages Bitcoin's security as a historical anchor. See priority breakdown
