Interesting read about upcoming system on Ethereum's blockchain.
The LN basically creates a payment channel that lets everyone transact with each other directly instead of having to broadcast their interactions in the blockchain. This saves time and money, and guarantees that only fundamental operations are tracked on the blockchain.
Like the LN, Plasma is a technique for conducting off-chain transactions while relying on the Ethereum blockchain to ground the securities. Off-chain techniques like this and LN sufficiently guarantee a level of security and finality. Fortunately, the features of Plasma dont stop here.
We could sum up the benefits of Plasma as follows:
It helps the Ethereum blockchain handle much larger datasets.
It increases the transaction capacity of the Ethereum blockchain.
It lowers fees.
Gets rid of data that is not necessary on the main chain.
The advantages of plasma are very clear. Even though it is still in early stage development, the technology promises to tackle some of the most important issues on the blockchain sphere: scalability, speed, and cost. In the coming future, projects that have extensive proposals to improve scalability, like Ethereum, are the ones that will thrive.
read more: https://www.poolofstake.io/blog/ethereums-plasma-a-different-state-of-matter/
Topic: Ethereum’s Plasma, a different state of matter (Read 100 times)
Jump to: