Ethereum founder Vitlaik Buterin attracted attention with his blog post about “Plasma”.
In his November 14 blog post, Vitalik Buterin highlighted Plasma and discussed its possible benefits to the Ethereum blockchain. Plasma’s Ethereum scalability issues Stating that he can solve it, Buterin also said Transaction capacity on the Ethereum blockchain He argued that it would bring benefits such as increasing the number of transactions and being able to process more transactions.
Ethereum founder explains that Plasma’s structure uses smart contracts to secure communication and transactions between blockchains. Also useful for developers He stated that this will enable more flexible products to emerge.
Vitalik Buterin also noted that Plasma’s compatible structure on the Ethereum network by reducing the density on the main chain He reminded that it allows faster transactions.
Launching Plasma as a new building block for the Ethereum ecosystem, Buterin said that it is an Ethereum scaling technology and rollups Plasma disabled by potential to reduce transaction fees He stated that he had.
Buterin included the following statements between the lines of his blog post:
Plasma allows us to completely eliminate the data availability issue, greatly reducing transaction fees. Plasma could be a significant security upgrade for chains that would otherwise be validium.