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Understanding Plasma, Part 1: The ‘Basics’

by Contributor Network

February 7, 2019, 4:11PM EDT  ·  25 min read

Quick Take

  • Scaling Ethereum is an unprecedented challenge, Plasma is a Layer 2 scaling framework that aims to increase transaction throughput
  • This series is a technical overview of Plasma technology: what it is, how it works, and the current state of its technical research

by Contributor Network

February 7, 2019, 4:11PM EDT  ·  25 min read

This piece is the first entry to a multi-part series explaining Plasma, by Daniel Goldman.


Introduction

In case you haven’t heard, scaling cryptocurrency is hard.

In August of 2017, Vitalik Buterin and Joseph Poon released the Plasma whitepaper, unleashing into the world a new, promising approach to increase crypto transaction throughput and deliver us from blockchain-congestion evil.