@plasma
In today’s dynamic environment for the application of cryptocurrencies, #Plasma and #XPL frequently appear jointly but should not be confused with each other. plasma is a Layer-1 blockchain primarily designed to accommodate fast and efficient stablecoin transactions, and XPL is the latter’s native token for its use case and security. Therefore, their comparison and evaluation of this system cannot be made without highlighting the distinction between them.
It is designed to be fast, cost-effective, and maximize throughput. The Plasma system is EVM compatible, enabling the deployment of smart contracts as well as decentralized applications. The architecture has been optimized to enable the use of stablecoins, executed in a streamlined way, meaning it is not intended to be used as a general-purpose blockchain.
#XPL acts as the economic backbone of the system. It will be used for staking under the Proof of Stake system of consensus validation, for network security, for paying fees related to the execution of smart contracts, and for governance model participation as well. Just as the ETH token is the "fuel" that the Ethereum network uses to keep running, XPL serves the same purpose for the Plasma network. From a very basic standpoint, it’s the "infrastructure" of the system, and the "resource" that makes it all work. This becomes more evident as the network usage increases.
$plasma
