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#plasma $XPL Plasma is a Layer 1 blockchain designed specifically for global stablecoin payments. The protocol introduces features such as zero-fee USDT transfers, support for custom gas tokens, and a native Bitcoin bridge that allows BTC to be used within smart contracts.
Plama is secured by PlasmaBFT, a consensus mechanism that provides fast transaction finality and supports the high throughput required for payment-focused applications. The network is EVM-compatible, enabling developers to deploy Ethereum-based smart contracts with minimal effort.
How Plasma Works
PlasmaBFT Consensus
Plasma uses PlasmaBFT to secure its network, a consensus mechanism based on the Fast HotStuff Byzantine Fault Tolerant (BFT) protocol. HotStuff is a modern consensus method that helps blockchains stay secure even if some participants misbehave, and the Fast version reduces the amount of communication needed between validators.
PlasmaBFT builds on this idea by executing steps like proposing, voting, and confirming blocks in parallel rather than sequentially. This design enhances block production speed and enables transactions to be finalized in seconds, facilitating quicker settlement for Plasma. @Plasma #Plasma $XPL
Plama is secured by PlasmaBFT, a consensus mechanism that provides fast transaction finality and supports the high throughput required for payment-focused applications. The network is EVM-compatible, enabling developers to deploy Ethereum-based smart contracts with minimal effort.
How Plasma Works
PlasmaBFT Consensus
Plasma uses PlasmaBFT to secure its network, a consensus mechanism based on the Fast HotStuff Byzantine Fault Tolerant (BFT) protocol. HotStuff is a modern consensus method that helps blockchains stay secure even if some participants misbehave, and the Fast version reduces the amount of communication needed between validators.
PlasmaBFT builds on this idea by executing steps like proposing, voting, and confirming blocks in parallel rather than sequentially. This design enhances block production speed and enables transactions to be finalized in seconds, facilitating quicker settlement for Plasma. @Plasma #Plasma $XPL
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