Plasma Price(PLASMA)

Plasma is an innovative off-chain scaling solution specifically designed for the Ethereum blockchain. It was introduced in August 2017 by Vitalik Buterin, co-founder of Ethereum, and Joseph Poon, a prominent advocate of scaling solutions like the Lightning Network. Plasma serves as a framework that enables the creation of scalable applications by establishing a hierarchical structure of child chains that sit above the main Ethereum chain.

At its core, Plasma facilitates the development of potentially unlimited side chains that can operate independently while still relying on the Ethereum network for security and consensus. This architecture is supported by smart contracts and Merkle Trees, which efficiently manage transactions and data storage.

Core Objectives of Plasma

The primary goal of Plasma is to increase the throughput of the Ethereum network. By diverting a significant volume of transactions away from the congested main chain, Plasma's architecture offers higher transaction speeds, more efficient data processing, and lower transaction costs. This is particularly crucial in an age where the demand for decentralised applications—especially in finance, gaming, and supply chain management—is reaching unprecedented levels.