Platform Stack

Plasma DLT – is a new blockchain solution designed for banks, financial institutions and processing companies to deliver unmatched efficiency, cost-free and global remittance, clearing and settlement platform.

comparison (part 1)
comparison (part 2)

Defi adoption

Plasma allows the community to develop open finance protocols with fixed transaction costs, fast execution, and reliability. Tools for convenient onboarding of new users into applications form the adoption of the CeFi market. Plasma DeFi supports the concept of smart contracts, transactions are executed in a deterministic and secure manner, and changes are added to information blocks on the public blockchain. An open financial architecture enables financial institutions to create immutable and interoperable financial systems that are characterized by unparalleled transparency and equal access rights.

Transaction cost

Transaction on the ETH network requires payment for gas - the network commission, its cost is speculated by miners and the network load, for example, in a $ 10 transfer, you can pay $ 1 today and $ 2 tomorrow or your transaction will not be accepted by the network, this model is not applicable and not a competitor in the payment system, the EOS network is more democratic and uses a model of payment for network resources, which includes RAM / CPU / NETWORK, which is required to conduct transactions and also has speculation on the part of market makers, as these parameters are inherently ordinary tokens. Plasma is initially free to transact, download smart contracts, and charge a flat percentage commission for ecosystem tokens.

Transaction execution speed

An important factor in the adaptation of the CeFi economy is its requirements for the competitive execution of the transaction, the current primitives cannot organize it without losing the properties of decentralization. Plasma's smooth transition from CeFi to DeFi delivers competitive transaction speeds without sacrificing decentralization.

Liquidity

An organized liquidity approach also means maintaining the CeFi-DeFi link, which means that the platform keeps records in a distributed ledger of traditional assets in tokenized form, direct control by suppliers implies the safety and integrity of platform liquidity expressed in CeFi instruments, traditional business needs stability and the security of their assets, and their use in tokenized form introduces additional security and reduces bureaucracy from the business itself. What does this mean for Plasma? When a business accepts payments in stablecoins, it partners with a liquidity provider to process payments, stablecoins are issued dynamically when money is deposited through CeFi instruments, and when withdrawn is burnt, thus liquidity is organized by a network of providers and trusted ecosystem partners. Variable liquidity - Decentralized banks such as MakerDAO offset the high volatility inherent in decentralized underlying money such as ETH by over-collateralising, often blocking multiple times the amount they seek to present. However, the risks of automatic liquidation are constantly present and are not suitable for a smooth transition from CeFi to DeFi, but are tools of speculation and R&D. These tools shape the market and also provide a transition, so Plasma encourages this R&D to get rid of CeFi impacts in the future.

Bankless

Plasma accounts have full control by the users themselves, by analogy with bitcoin, we only support non-custodian providers to sign the transaction in order to maintain maximum security for users and control over their credentials.

CeFi adoption

Plasma has a flexible system for traditional applications and the transition from heavy banking infrastructure to bankless tools, reduces the costs and time of traditional business for processing payments with convenient boarding of clients through traditional banking tools with conversion to a bankless ecosystem. This model has an end-to-end bridge between CeFi and DeFi tools, while the traditional business also becomes a model of a hybrid Dapp application without spending on infrastructure, writing your own smart contracts, issuing tokens, connecting fiat processors, placing on p2p exchangers - plasma provides everything in one tool , in this model of the CeFi - DeFi hybrid, the transition to full DeFi is possible only through the passage of the bridge from the old model to the new one.

Governance community

The community can organize itself, unite in the management of economic and technical processes through internal democracy (DAO, DAC)