@Plasma
What is Plasma?
Layer 1 Blockchain: Plasma is a Layer 1 blockchain specifically designed to facilitate stablecoin payments on a global scale.
Focus on stablecoins: It is purpose-built to offer zero-fee USD₮ (USDT) transfers at the protocol level, and supports custom gas tokens to allow users to pay transaction fees in stablecoins they already hold.
Technology: The network utilizes the PlasmaBFT consensus mechanism for fast transaction finality and is fully EVM-compatible, allowing developers to deploy Ethereum-based applications.
XPL Token: XPL is the native utility and governance token of the Plasma network. It is used for transaction fees, staking to secure the network, and for governance proposals.
Bitcoin bridge: The network also features a trust-minimized Bitcoin bridge, which allows Bitcoin to be used natively within smart contracts on the Plasma network.
Recent news: In recent months, Plasma has raised significant funding from investors, secured an Italian VASP license to expand in Europe, and was featured in a Binance HODLer Airdrop
