Plasma is a specialized blockchain created to transform the way stablecoins transfer within the crypto ecosystem. In contrast to general-purpose networks, Plasma is dedicated solely to stablecoin transactions, emphasizing rapidity, cost-effectiveness, and compliance suitable for institutions. Initiated with billions in liquidity, the network quickly garnered significant market interest, indicating a need for a dedicated stablecoin layer.
Plasma fundamentally merges Ethereum compatibility with an efficient PlasmaBFT consensus model, facilitating quick block times and substantial transaction throughput. A key innovation is zero-fee stablecoin transfers, enabled by a paymaster system that compensates users for transaction expenses. This establishes Plasma as an attractive option for international payments and remittances.
In addition to technology, Plasma prioritizes regulation and compliance by incorporating AML and KYT too
ls to fulfill institutional requirements. Through extra offerings such as Plasma One that connects cards and transactions straight to the blockchain, Plasma seeks to integrate cryptocurrency systems with traditional finance.
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