The Plasma project @Plasma is a second-layer technical solution originally designed to increase the Ethereum network's capacity to process transactions. It was first proposed in 2017 by Vitalik Buterin, the co-founder of Ethereum, and Joseph Poon, the creator of the Lightning Network.
1. How does Plasma work?
The concept of Plasma relies on creating child chains linked to the main chain Ethereum.
Instead of recording every small transaction on Ethereum, thousands of transactions are executed in the subsidiary chain.
Only the summary or root of these transactions is periodically sent to the main chain.
This is similar to how large corporations operate; where the branches of the subsidiary chains perform daily work and only send a final report to the main center Ethereum.
2. Project Features
Massive speed: Relieving pressure from the main network significantly increases transactions per second (TPS).
Low fees: Since operations are conducted off the main chain, the cost is very low.
Security: In the event of an issue in the subsidiary chain, users can "exit" and withdraw their funds to the main chain using mathematical proofs.