The Ethereum network has been experiencing scalability issues, leading to the hampered development of the decentralised finance industry, DeFi. However, the problem is being solved by the innovative layer 2 technology solutions provided by @plasma, denominated as XPL.
With the technology provided by Plasma, developers are able to create high-performant applications with speedy transaction execution time and lower fees. This facilitates a seamless user experience and fosters innovation for the Ethereum network.
Plasma’s strategy also ensures that security is at the core, thereby safeguarding users' resources as well as their data. With all the emphasis on scalability, security, and usability, @undefined ($XPL) is on course to give shape to the future of Ethereum.
With the increasing need for scalable solutions, it is apparent that @undefined ($XPL) is poised to open up a new horizon of opportunities for developers and users and lead a new wave of innovation in DeFi and gaming.
