Plasma Cash: Has Vitalik Buterin Solved All of Cryptocurrency’s Problems?

[kreslik.news]

Vitalik Buterin has introduced an interesting idea that could feasibly improve both scaling and security in a blockchain – Plasma Cash.

In August 2017, a working draft of a blockchain upgrade called Plasma was published with the title “Plasma: Scalable Autonomous Smart Contracts”. It  was published by Buterin and Jospeh Poon, the developer of Lightning Network. In many ways, Plasma is similar to the Lightning Network. Plasma Cash is an upgrade of an upgrade.

Chains within chains

The Plasma text describes a system of ‘child’ blockchains, created through a series of smart contracts, subordinate to a root blockchain. The root chain enforces all ... (read more)