Plasma is a blockchain scaling solution designed by Joseph Poon and Vitalik Buterin that uses child chains reporting to root chains (i.e. Ethereum) to increase transaction throughput without any of the safety concerns that usually come with using smaller chains. The OMG (OmiseGO) decentralized exchange was designed in anticipation of Plasma. We’ll utilize Plasma to support a scalable, fully on-chain exchange without sacrificing security. In this piece I’m going to describe how we’re building Plasma.
We’ve achieved this by requiring users to exit the child chain they’re using if anything goes wrong. Here’s how it’ll work:
I’m smart and I didn’t just tell you that because I’m an asshole. Although we live in a world where intelligence is prized it is not always an advantage. Growing up smart meant being able to put in minimal effort and achieve competitive results, until it didn’t. Everyone who has ever slid by on quick thinking as opposed to hard work has at some point in their life faced an obstacle where the thinking just wasn’t enough.
Who doesn’t want to be Matt Damon in Goodwill Hunting? I certainly do, and because of this I try to solve complex problems…