March 2019
Intermediate to advanced
636 pages
27h 50m
English
book
Blockchain Development with Hyperledger
by Salman A. Baset, Luc Desrosiers, Nitin Gaur, Petr Novotny
Content preview from Blockchain Development with Hyperledger
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Plasma
In 2017, Buterin and Joseph Poon presented their idea, which called for scaling up Ethereum's performance, that is, increasing TPS. Like the state channel design, plasma is a technique for conducting off-chain transactions while relying on the underlying Ethereum blockchain to provide its security. Therefore, plasma belongs to the group of off-chain technologies. Truebit is another example in this group.
Plasma works as follows:
- Smart contracts are created on the main-chain and served to be the roots for Plasma child-chains. They define rules for child chains and are called to move assets between the main-chain and child-chains.
- A child-chain is created with its own consensus algorithm, for instance, PoS.
- Deploy smart contracts, which ...
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