Steemit Crypto Academy Contest / S14W1 : Plasma Chains

In blockchain terminology, a plasma chain is a sub-blockchain that is linked to the main chain. It speeds up the process by managing certain tasks outside of the main blockchain. Think of it as a little assistant that handles certain duties, relieving part of the workload on the main system.

Since they lessen the burden on the primary chain, these plasma chains are incredibly beneficial for blockchain technology. This implies that a greater number of transactions can occur rapidly without overwhelming the system. It facilitates easier traffic flow and quicker, more efficient movement of traffic, much like additional lanes on a freeway.

Thus, when we talk plasma chains, we talk about these small assistants that delegate some tasks to the main blockchain. They function similarly to support systems, accelerating and streamlining the entire process and assisting in the resolution of the blockchain's delayed transaction issue.

A plasma chain differs from the main blockchain primarily in terms of size and function. Imagine the primary blockchain as the mastermind, overseeing everything. In the meantime, a plasma chain functions as the boss's helpful aide, handling some chores. It is less complex and concentrated on managing a portion of the workload, relieving pressure on the primary blockchain.

Their methods of handling tasks varies significantly as well. The plasma chain manages smaller, more specialized tasks, while the main blockchain takes care of the majority of the labor-intensive and crucial tasks. Imagine it as a large office making strategic choices and a smaller team effectively managing more focused responsibilities.

So, the main difference lies in their size, responsibilities, and how they handle tasks. The main blockchain is the big player managing everything, while the plasma chain is like a specialized helper taking care of specific jobs to make things smoother and faster.

Plasma chains have been used in some projects to enhance their systems. For example, OmiseGO improved payment processing through the usage of plasma chains. By assigning these tiny chains to execute particular jobs, they hoped to speed up and reduce the cost of transactions. As a result, they were able to increase system efficiency overall and guarantee safe transactions.

Matic Network is a another instance, wherein plasma chains are utilized to augment the scalability of decentralized applications (dApps). By utilizing these chains, they were able to expedite transactions and lessen congestion, improving the use and effectiveness of dApps. These studies demonstrate how several aspects of blockchain applications can be improved through the effective use of plasma chains.

Transactions on the Steem Blockchain might become much faster and more affordable if plasma chains were included. Consider it as if you were expanding a road's fast lanes. The system would operate considerably faster if there were additional lanes, or plasma chains, to handle more transactions more rapidly.

Furthermore, transaction costs may be decreased by employing plasma chains. It's similar to figuring out how to send letters more quickly and affordably. The main Steem Blockchain wouldn't get as congested if some work was transferred to these smaller chains, making transactions more reasonably priced.

Therefore, adding plasma chains to the Steem Blockchain might significantly increase its speed and reduce transaction costs for all users.

As far as I know, I have not heard about discussions or plans within the Steem Blockchain community for exploring or using plasma chains. . It's important to remember, though, that conversations about technology frequently take place in secret or within particular groups, so it's possible that something is developing that I'm unaware of. These concepts occasionally arise out of the blue or are first discussed in small groups before becoming publicly known.

When fresh concepts or technological advancements are taken into consideration to enhance blockchain platforms like Steem, it's always exciting. In the future, even in the absence of current discussions, the community may begin investigating plasma chains. Ideas for improving blockchain efficiency are frequently discussed and brainstormed, so you never know what might come out later!