ARDIKA
@exsistent
Enchancing Stablecoin Effiency throught Plasma: A Scalable Blockchain Solution Introduction The rapid growth of stable coins, such as Tether (USDT), has underscored their significance in the digital economy. Yet, their adoption is constrained by the limitations of existing blockchain infrastructure. Plasma emerges as a solution, offering a blockchain specifically designed to optimize stablecoin transactions. Literature Review Empirical studies reveal the challenges stable coins encounter, such as scalability issues and high transaction costs. For instance, a systematic review published in ScienceDirect underscores the necessity of dedicated infrastructure to support stablecoin efficiency. Furthermore, reports from the World Economic Forum highlight the increasing prominence of stablecoins in financial systems, emphasizing the need for optimized platforms like Plasma.
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ARDIKA
@exsistent
Methodology This research employs a qualitative analysis of Plasma’s technical documentation, whitepapers, and relevant literature. Data is sourced from official Plasma resources, academic journals, and industry reports to evaluate Plasma’s features against the standards of efficient and stablecoin operations. Plasma’s Architectural Overview 1. Bitcoin side chain Integration: Plasma operates as a side chain to Bitcoin, anchoring its state roots to the Bitcoin blockchain, thereby inheriting its security and decentralization. 2. Consensus Mechanism - PlasmaBFT: Utilizes a Byzantine Fault Tolerant consensus inspired by HotStuff, enabling high throughput and rapid finality. 3. EVM Compatibility: Built on Reth, Plasma ensures full compatibility with Ethereum’s Virtual Machine, allowing seamless deployment of existing smart contracts.
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