Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: sirexlangnaman on July 14, 2018, 03:26:45 PM
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What is Plasma for Ethereum?
Plasma is a framework to scale Ethereum blockchain’s processing power, and the brainchild of Vitalik Buterin, co-founder of Ethereum, and Joseph Poon. Prior to this project, Joseph Poon collaborated with Thaddeus Dryja to develop Plasma’s Bitcoin equivalent of Lightning. Both frameworks are trustless and multilayered networks. Trustless means users do not need to know or trust counterparties to make a transaction. Poon and Buterin developed Plasma to facilitate a decentralized market for the general public to purchase not only tokens and cryptocurrencies but real goods and services.
Currently, Ethereum can process approximately 15 transactions per second, in comparison to Bitcoin’s 7 transactions per second. Both platform’s processing capacities pale in comparison to Visa’s ability to manage 45,000 transactions per second. Plasma promises to enable Ethereum to scale up its processing capacity to thousands or potentially billions of transactions per second.
Read more here: https://coincentral.com/plasma-an-innovative-framework-to-scale-ethereum/
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The implementation of this project will lead ethereum to a new stage of development. In addition, it will be a very timely update, because there is already a shortage of scalability ethereum, its transactions start to hang, and the gas level rises more than 150,000.
I also read somewhere that simultaneously with the Plasma project in ethereum, other platforms will be introduced that will expand the capabilities and functions of this coin. The ethereum price will then soar.