What is Plasma and How Does it Work?

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Aug 20, 2018 · 8 min read

Ethereum Scalability Issues

“The main benefit here is that basically the amount of data that clients need to process goes down by a lot. Rather than having to download the entire Plasma history, users would be able to instead generate ‘Plasma coins’ by sending a deposit to the contract. Now users only have to verify the availability and correctness of the Plasma chain only at the specific index that they want to spend, or the specific index of any coins they own and coins they care about,” states Buterin.

Defining Plasma and Its Main Characteristics

The Plasma Blockchain: How Does It Work?

Blockchains in Blockchains

Plasma Benefits

Conclusion

“Let’s hope that when the next multi-billion dollar exchange, written by an absolutely incompetent developer, is hacked, no one will lose money,” comments Buterin.


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Blockchain development agency focusing on production ready solutions, smart contracts technologies, cryptocurrencies and technical ICO support

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Blockchain development agency focusing on production ready solutions, smart contracts technologies, cryptocurrencies and technical ICO support.

Applicature

Blockchain development agency focusing on production ready solutions, smart contracts technologies, cryptocurrencies and technical ICO support