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Stablecoin News: Peter Thiel-Backed Plasma Unveils 'HotStuff-Inspired Consensus'

Summary by Coin Desk
Crypto start-up Plasma unveiled technical features of its stablecoin-specific blockchain, promising fast and efficient global stablecoin transfers by employing a "HotStuff-inspired" consensus mechanism.The HotStuff consensus is an example of Byzantine Fault Tolerance (BFT) for blockchains that allows consensus even when some nodes are faulty or malicious. Imagine a group of friends planning a picnic who must agree on a date, location and duratio…
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Stablecoin News: Peter Thiel-Backed Plasma Unveils 'HotStuff-Inspired Consensus'

Crypto start-up Plasma unveiled technical features of its stablecoin-specific blockchain, promising fast and efficient global stablecoin transfers by employing a "HotStuff-inspired" consensus mechanism.The HotStuff consensus is an example of Byzantine Fault Tolerance (BFT) for blockchains that allows consensus even when some nodes are faulty or malicious. Imagine a group of friends planning a picnic who must agree on a date, location and duratio…

·Manila, Philippines
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TokenPostTokenPost

Plasma Launches Fast, Low-Fee Blockchain for Global Stablecoin Transfers

Crypto startup Plasma has unveiled a stablecoin-focused blockchain designed for high-speed, low-cost global transfers. At the core is PlasmaBFT, a Fast HotStuff-inspired consensus protocol that ensures rapid finality and low latencytwo essential features for large-scale stablecoin usage. Inspired by the HotStuff consensus mechanism, PlasmaBFT enhances Byzantine Fault Tolerance (BFT) by streamlining how nodes reach agreement. Unlike traditional B…

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TokenPost broke the news in on Tuesday, March 25, 2025.
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