Plasma

Plasma is a blockchain scaling solution designed to increase transaction throughput. It operates by creating child chains that run alongside the main blockchain. These child chains handle smaller transactions off-chain, which are then periodically settled on the main chain. This reduces congestion and enhances the blockchain's capacity to process a higher volume of transactions efficiently. Plasma aims to make blockchain networks more scalable and cost-effective by minimizing transaction fees and delays. It's particularly beneficial for platforms needing high-speed transactions, such as crypto exchanges and decentralized finance (DeFi) applications.