Encrypted start plasma By adopting a “hot-inspiring” consensus mechanism, the technical characteristics of its specific blockchain are revealed, promising rapid and effective global stable transfer.
The HotStuff consensus is an example of Byzantine fault tolerance (BFT), a blockchain that can be agreed upon even if some nodes are faulty or malicious. Imagine a group of friends planning a picnic must reach a consensus on date, location, and duration. If most people agree, they can successfully move forward while bypassing potential disruptions from some unreliable friends.
The HotStuff blockchain consensus mechanism reduces latency and improves efficiency by allowing seamless leader replacements if decision makers or leader nodes are badly behaved.
Furthermore, in traditional BFT systems, each node sends multiple round-trip acknowledgements, which can result in delays. The thermal application mechanism simplifies the process of leader nodes proposing decisions and validator nodes confirming in one step.
“In essence, plasma utilizes proton mass as a fast popular consensus protocol, optimizes fast termination and low latency, supporting high-frequency global stabilizer transfer,” Plasma announced on X.
Finality in a blockchain refers to the speed at which transactions are confirmed and added to a block, and then they become irreversible. At the same time, low latency refers to the agility of processing transactions.
The plasma blockchain is specially built by Tether, the world’s largest dollar fixed Stablecoin with a market value of US$144 billion. According to data source Coingecko, tethers account for more than 60% of the total stable market, with its issuer profiting last year at $13.7 billion. Early supporters of the project included well-known industry names such as venture capitalist Peter Thiel, Tether’s CEO Paolo Ardoino and Split Capital’s Zaheer Ebtikar.
The plasma is designed as a Bitcoin Sidechain and is fully compatible with the Ethereum Virtual Machine (EVM). Most of the stable activity occurs on smart contract blockchains such as Ethereum, Tron and Solana.
The execution layer of the plasma is built on Rust Ethereum (also known as RETH), a modular engine compatible with EVM, allowing plasma to run any Ethereum smart contract.
The StableCoin project also has a built-in Bitcoin bridge that uses the same decentralized validator group as the BFT mechanism and is regularly linked to updates on the Bitcoin blockchain. This allows Ethereum applications to be easily used with Bitcoin, which serves as a settlement layer.
“By periodically anchoring states differentiate on Bitcoin, plasma can achieve seamless interoperability and use Bitcoin as a settlement layer, which is permissionless ending, stronger censorship resistance, and a verifiable source of truth,” Plasma said.
Swan Bitcoin head Steven Lubka said the new Stablecoin infrastructure appears to be an argument that bets on other blockchains only benefit Stablecoins and requires inheritance of Bitcoin security.”
Other key features of the plasma include custom petrol tokens that allow payments in USDT or BTC, zero-cost USDT transfers and confidential transactions while ensuring compliance.
