On January 15, 2018, Plasma Ethereum experienced a hard fork. The hard fork was caused by a disagreement within the community over how to best solve the scaling problem.
The hard fork resulted in two different versions of the blockchain – Plasma Ethereum Classic (ETC) and Plasma Ethereum (ETH).
NOTE: WARNING: Trading in Ethereum Plasma can be a highly risky endeavor and is not suitable for all investors. There are many unknowns associated with this new technology and it is important to understand the potential risks before investing. It is also important to always do your own research when considering any investment. Be aware that Ethereum Plasma may have bugs or security flaws that could result in loss of funds. Additionally, it is possible that Ethereum Plasma may become worthless over time or be rendered obsolete by future developments in blockchain technology. As such, you should only invest what you are willing to lose.
The disagreement within the community was over how to best scale the blockchain in order to accommodate more users and transactions. The community could not come to a consensus and as a result, the hard fork occurred.
Both versions of the blockchain are still operational and there is no clear winner at this time. It is still too early to tell what will happen with both versions of the blockchain.
It is possible that one version will eventually become more popular than the other or that they will both continue to exist side by side. Only time will tell what will happen with Plasma Ethereum.
8 Related Question Answers Found
Plasma is a proposed framework for scaling the Ethereum network. It is a second-layer solution that uses smart contracts to create a network of child chains off the main Ethereum blockchain. Plasma could potentially scale Ethereum to process millions of transactions per second.
Plasma is a proposed framework for scaling decentralized applications on the Ethereum network. Plasma is intended to improve upon Ethereum’s scalability by allowing users to transact on a “child” blockchain that is linked to the “main” Ethereum blockchain. This would theoretically allow for a much larger number of transactions to be processed than is currently possible on the Ethereum network.
Plasma on Ethereum is a decentralized platform that uses smart contracts to run an electronic peer-to-peer exchange. The platform is designed to be scalable and secure, and to allow for the creation of new financial instruments and applications. Plasma is built on top of the Ethereum blockchain, and uses the same underlying technology.
Ethereum Plasma is a project that is designed to improve the scalability of the Ethereum blockchain. The Plasma project is a proposed framework for scaling the Ethereum network by allowing for the creation of child chains that can be used to process transactions off of the main chain. The child chains would be connected to the main chain through a series of smart contracts, and they would be able to process transactions much faster than the main chain.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a programmable blockchain. It lets developers build and deploy decentralized applications.
Ethereum’s ICO was a resounding success, raising over $18 million in just a few weeks. The Ethereum Foundation used the money to fund development of the Ethereum network and platform. The ICO was also a way to distribute ether tokens to early adopters and developers, who would then help build and grow the Ethereum ecosystem.
When you hear about Ethereum, you might think about the cryptocurrency. However, Ethereum is so much more than that. It’s a decentralized platform that runs smart contracts.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The general ledger of Ethereum is a decentralized database that keeps track of the balance of all accounts.
