Speaking in Paris at the conference EthCC, acne Buterin has presented a solution for scaling Plasma, system of smart contracts designed to increase the processing power of the Ethereum blockchain. This writes CoinDesk.
Emerging Butterini and Joseph Punom platform Plasma first became known in August last year. Plasma — one of the many decisions aimed at increase of the capacity of Ethereum, which is still under development. This system represents the outer level of smart contracts that can interact with the main bloccano.
Currently, users will have to download and confirm every smart contract system in the Plasma. However, according to Buterin already found a way to significantly reduce the amount of data required.
“The main advantage here is that the volume of customer data is much reduced,” — said Buterin.
Instead of loading the full history of the Plasma, users will be able to generate the so-called “Plasma coins” by sending funds to the contract. Thus, instead of loading and verification of all data, users can only track the tokens that are created within the system.
“Now users only need to check the availability and correctness of chain Plasma only for special index that is associated with the coins that they want to spend, which are owned and which are of their interest”, — said the Creator of Ethereum.
Baleriny developed together with Dan Robinson and Carl Flarsheim the decision still requires careful testing. Vitaliy is convinced that this optimized system may then find many useful applications, including the protection of exchanges from large-scale hacker attacks. So, instead of directly using the funds of users of the exchange can using smart Plasma contracts to provide book orders. Also with this system it is possible to insure potential losses.
“We hope that when hacked will be the next multi-billion dollar exchange, written by incompetent developers, no one will lose money”, — expressed optimism acne Buterin.
However, most importantly, the new solution can significantly contribute to the solution of actual problems of scalability of Ethereum.
“It’s just a simple way to make Plasma more scalable and significantly reduce the requirements for its use by common users”, — concluded Buterin.
Earlier it was reported that the company Bankex experienced pilot version of the Protocol Plasma in a test network Rinkeby, increasing the number of transactions per second to 5000.