Plasma (ticker XPL) is a native cryptocurrency token for the Plasma blockchain, a Layer-1 blockchain focused on global stablecoin payments and high-speed transactions. The project aims to make sending stablecoins (like USDT) fast, cheap, and scalable while combining security models from Bitcoin with smart-contract compatibility like Ethereum’s EVM.
1. Layer-1 Blockchain Built for StablecoinsPlasma is designed to be a high-throughput blockchain optimized for stablecoin transfers, with zero fees for simple USDt transactions via a paymaster system, and EVM compatibility so developers can deploy smart contracts easily.
2. Native Token — XPL
XPL is the native token of the Plasma network.
Used to secure the chain, pay network fees (for non-stablecoin operations), and reward validators.
In the future, XPL holders may also use it for governance decisions.
3. Consensus & Architecture
Plasma uses a proof-of-stake consensus called PlasmaBFT, blending Bitcoin-like security with fast finality and enough throughput (1,000+ transactions per second) for payments and dApp
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