The essence of a bank is not the difference between deposits and loans, but the right to clear.
Whoever can confirm funds in a shorter time holds the financial initiative.
Plasma redefines the meaning of 'bank'.
Under its architecture, clearing becomes a public service, and credit becomes a system function.
This means that 'banks' are no longer institutions, but network roles.
The future bank may just be a set of validation nodes on Plasma:
Responsible for clearing, settlement, and risk control, but does not hold assets.
This structure ensures safety while eliminating concentration risk.
The economic logic of Plasma is similar to a 'decentralized clearinghouse (dCCP)'.
The system itself will assume liquidity management functions,
The node then becomes a market-based clearing participant.
This will fundamentally reshape the financial landscape—
institutions will shift from monopolizing settlement authority to becoming service providers on a public network,
payments will transition from closed systems to open standards.
In a sense, Plasma is not a substitute for banks,
but rather a rewrite of the banking system:
to return settlement authority to society, rather than to centers of power.
@Plasma #Plasm #stablecoin $XPL
