Plasma Chain

Understand the key crypto terminology specific to Plasma Chain, enhancing your grasp of blockchain scalability, smart contracts, and decentralized applications.

Plasma Chain refers to a framework designed to enhance the scalability of blockchain networks. It enables the creation of smaller, child chains that operate independently while still being anchored to a main chain. This arrangement allows for increased transaction throughput and lower fees.In a Plasma Chain, each child chain can process transactions and execute smart contracts on its own. This reduces congestion on the main chain, as it offloads some of the processing tasks. Child chains can operate under their own set of rules, making them flexible and adaptable to specific needs.The main chain periodically verifies the child chains, ensuring that the overall system remains secure and reliable. If necessary, it can interact or settle disputes among child chains, maintaining a cohesive structure.This scalability solution is particularly useful for applications requiring rapid transaction speeds, such as decentralized finance (DeFi) platforms and gaming. By distributing the workload across multiple child chains, Plasma Chains aim to make blockchain technology more efficient and user-friendly.

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