Most blockchains today are trapped in the ambition to be multi-purpose platforms, ultimately sacrificing efficiency.
As a result, stablecoin transactions, which should be the backbone of cross-border payments, are often hampered by soaring gas fees and severe network congestion.
Ironically, the assets most frequently used for value transfers must compete for space with thousands of other applications on the same network.
To address this challenge, Plasma exists as a Layer 1 blockchain specifically designed to bridge the needs of stablecoins.
However, it is important to note that Plasma is not an exchange, trading platform, or marketplace for buying and selling crypto assets.
It is also important to understand that this article is solely intended as an educational tool to dissect the technical concepts and role of Plasma (XPL) Coin in strengthening the infrastructure of the blockchain ecosystem.
What is Plasma (XPL) Coin?
Plasma is a Layer 1 blockchain designed with a primary focus on stablecoin transactions.
This network was built to move stable assets, such as USDT, efficiently and predictably, making it more suitable for payments and remittances than speculative crypto activities.
