#plasma $XPL
Main Functions and Technical Features of the Project
The Plasma project achieves its goals through a series of technical designs, with specific functions and technical features as follows:
· Optimized for Stablecoins: Unlike general-purpose blockchains such as Ethereum, the entire architecture of Plasma is built around stablecoin transactions. One of its most attractive features is the support for zero-fee transfers of USDT, eliminating the barrier for users needing to hold other tokens to pay transaction fees.
· High Performance and Security: The network uses a customized consensus mechanism called PlasmaBFT, designed to process thousands of transactions per second and achieve final confirmation within seconds. At the same time, the project leverages the security of the Bitcoin network by anchoring the state root on the Bitcoin blockchain.
· Compatibility and Privacy Considerations: Plasma is fully compatible with the Ethereum Virtual Machine (EVM), meaning developers can easily migrate Ethereum-based smart contracts and applications to this network. Additionally, according to some early analyses, the project integrates privacy features at the protocol layer, allowing users to choose to hide transaction details, but this is not its most core publicly advertised feature.
