By adopting the “HotStuff-Inspired” consensus mechanism, Crypto Starting Plasma has revealed the technical features of its stable blockchain by promising fast and efficient global stability transfer.
HotStuff Consensus is an example of Byzantine Fault Tolerance (BFT) in the blockchain, allowing consensus even when some nodes are faulty or malicious. Imagine a group of friends planning a picnic where they have to agree to a date, location, and period. If the majority agree, they can move forward normally, avoiding potential confusion from a few unreliable friends.
The HotStuff blockchain consensus mechanism takes this further by allowing seamless leader exchange when decision makers or leader nodes behave irregularly.
Furthermore, in traditional BFT systems, all nodes send multiple hips, causing delays. The HotStuff mechanism streamlines the process by which the leader node proposes decisions and confirms them in a single step.
“In its core, Plasma utilizes Plasmab feet. Plasma is a consensus protocol inspired by fast hot staff optimized for rapid finality and low latency, supporting high frequency global stubcoin transfer,” Plasma announced on X.
Blockchain finality means the speed at which transactions are confirmed and added to the block, then becomes irreversible. On the other hand, low latency refers to the speed of processing transactions.
Plasma’s blockchain is dedicated to Tether, the world’s largest dollar-covered Stablecoin with a market capitalization of $144 billion. According to data source Coingecko, Tether accounts for more than 60% of the total Stablecoin market, with its publisher earnings of $13.7 billion last year. Early supporters of the project include prominent industry names such as venture capitalist Peter Tiel, Tether CEO Paolo Aldoino and Split Capital’s Zahea Ebtical.
Plasma is designed to be a Bitcoin sidechain with full compatibility with Ethereum Virtual Machines (EVMs). Most Stablecoin activities occur on smart contract blockchains such as Ethereum, Tron, and Solana.
The Plasma execution layer is built on Rust Ethereum, also known as Reth, a modular engine compatible with EVM, allowing Plasma to run Ethereum Smart Contract.
The Stablecoin project also incorporates a Bitcoin Bridge that uses the same group of decentralized validators as the BFT mechanism and links regularly to update the Bitcoin blockchain. This allows the Ethereum application to work easily with Bitcoin, with the latter available as a payment layer.
“By periodically fixing the state on Bitcoin, Plasma achieves seamless interoperability and uses Bitcoin as a settlement layer. It guides unauthorized finality, strong censorship resistance, and a source of universally verifiable truth,” Plasma said.
Steven Lubka, head of Swan Bitcoin, said the new Stablecoin infrastructure “apparently bets on the paper that other blockchains are only suitable for Stablecoin, and that Bitcoin’s security properties must be inherited.”
Other important features of Plasma include custom gas tokens, USDT or BTC fee payments, zero-charge USDT transfers, and confidential transactions while ensuring compliance.
