Plasma is a specialized blockchain that has been engineered with a specific focus on optimizing stablecoin transactions. It functions as a Layer 1 blockchain, distinguished by its high performance and global scalability, particularly for USD₮ (US dollar tether) payments. The core design philosophy behind Plasma is to facilitate instant, low-fee, and secure transactions, making it an attractive platform for stablecoin applications and the broader financial ecosystem.
1. High Performance and Scalability:
Plasma is built to handle a significant volume of transactions, boasting over 1000 transactions per second. This high throughput, combined with a block time of under one second, allows for near-instantaneous payment experiences. This is crucial for applications requiring rapid settlement, such as global payment systems .
2. Stablecoin Optimization:
The blockchain is purpose-built for stablecoins, aiming to redefine the movement of money and establish a new global financial.
