#Plasma $XPL

PlasmaBFT Consensus: Utilizing a custom version of the HotStuff protocol, the network achieves sub-second finality. Your transaction is "settled" almost the moment you hit send.

​Bitcoin Anchoring: Periodically, Plasma takes a "digital snapshot" (a Merkle root) of its state and embeds it into the Bitcoin blockchain. This turns Bitcoin into a decentralized notary. To rewrite Plasma’s history, an attacker would effectively have to attack Bitcoin itself—a feat that is computationally and economically impossible.

​EVM Compatibility: By remaining fully compatible with the Ethereum Virtual Machine, @Plasma allows developers to deploy proven, secure smart contracts from the Ethereum ecosystem while benefiting from Plasma’s specialized payment speeds.

​The $XPL Token: From Utility to Scarcity

​While users can enjoy gasless transfers, the $XPL token remains the heartbeat of the ecosystem. It is used for:

​Staking & Governance: Securing the network and allowing holders to vote on key protocol upgrades.

​Deflationary Mechanics: Much like Ethereum’s EIP-1559, a portion of the fees from complex smart contract interactions is permanently burned, creating a supply-side pressure that rewards long-term holders as network activity grows