#plasma $XPL
Plasma Coin (often referred to as XPL) is a blockchain-based digital asset designed to support fast,
Plasma Coin (often referred to as XPL) is a blockchain-based digital asset designed to support fast, scalable, and cost-efficient transactions. The project takes inspiration from the Plasma framework, a well-known scalability concept originally proposed for Ethereum to handle high transaction volumes while reducing network congestion.
The main goal of Plasma Coin is to improve transaction speed and efficiency without sacrificing decentralization or security. By using layered or side-chain style architecture, Plasma-based systems aim to process many transactions off the main chain and later settle them securely, making the network more scalable and affordable for users.
Plasma Coin is typically positioned for use in payments, DeFi applications, and ecosystem utilities such as staking, governance, or transaction fees. Its low-fee structure makes it attractive for micro-transactions and everyday crypto use, especially compared to older networks with higher gas costs.