What's going on with XPL today? Why is it suddenly surging so much? Did I miss some new news?
Who understands this, family! When I first researched XPL (Plasma), I was completely confused — I thought it was a Layer 2 scaling solution just because the name has Plasma? Big mistake! It is clearly a Layer 1 blockchain focused on stablecoin payments, emphasizing a 'specialization in expertise'!
To be honest, its technical architecture really understands 'focus'! It's not like a generic public chain that wants to do everything, but rather it stubbornly focuses on the stablecoin payment track: the PlasmaBFT consensus mechanism achieves sub-second confirmations, with TPS directly exceeding 2000+, and transfers are faster than sending a message; USDT transfers have zero fees, and you can actually use USDT and BTC to pay for Gas fees, no more worrying about buying native coins, which is a joy for newcomers! 👏
The most impressive part is its 'safety consideration'—regularly submitting on-chain state roots to the Bitcoin mainnet, equivalent to hugging Bitcoin's 'safety thigh', which neither delays its own speed nor compromises safety, this move is too clever!
Of course, beyond advantages, we must look rationally: it is still in the testnet phase, and whether it can withstand large-scale user 'tests' is still uncertain; moreover, the stablecoin-specific chain track is fiercely competitive, and all opponents are tough to deal with. To establish a foothold, they need to act quickly～ However, with big players like Founders Fund and Tether backing it, the starting point is indeed high!
To summarize: XPL is not trying to be an 'Ethereum killer', but aims to be the ‘volume king’ of stablecoin payments! Focused and hitting the user experience pain points, it certainly has potential～ Waiting for a true fragrant moment after the official launch!😆
