Plasma Evaluation: A Promising Technology for the Future of Blockchain
Plasma is a novel blockchain solution designed to overcome scalability issues experienced by blockchain technology. In Plasma, instead of all transaction processes being done in the same chain, child chains are used to perform most transactional processes, thus making it economical in terms of network as well as transaction costs.
Although Plasma is very promising in relation to performance optimization, there are still challenges pertaining to security as well as communication between a child chain and the main chain. However, Plasma can be considered a precursor to other scalability solutions such as ZK-Rollups and Optimistic Rollups. Plasma plays an important role in the development of blockchain systems.
With the help of Plasma, it is possible to scale the capabilities of the blockchain in the matter of transactions while keeping the performance level intact. This will allow new sectors such as finance and supply chains to adopt blockchain technology.
