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Bittime - INTMAX is an innovative Layer 2 zkRollup pioneer with stateless architecture, has officially launched Plasma Next on the α (Alpha) mainnet. The presence of Plasma Next marks a new chapter in efforts to increase the scalability of the Ethereum network without sacrificing the decentralization aspect which is its main selling point.
Open-Source Solutions for Shared Scalability
Plasma Next, which is released under an open-source license after a rigorous academic research process, allows anyone to contribute to the development of the technology. By adopting an open-source model, INTMAX encourages collaboration of the broader blockchain community to advance innovation in the area of scalability.
Plasma Next: Overcoming Ethereum's Scalability Limitations
Unveiled by Leona Hioki, INTMAX Founder and renowned Plasma researcher, at the ETH Denver 2023 conference, Plasma Next is built on the core principles of the Plasma framework. This allows the network to scale its transactions with a fixed fee per block, regardless of the number of users.
This advantage overcomes the scalability limitations facing the Ethereum network today, while maintaining a level of security equivalent to zkRollup.
Paradigm Shift: Architecture Without a State
Furthermore, Plasma Next introduces the concept of “paradigm shift” in blockchain scalability approaches . Different from other solutions that burden validators with ever-increasing data storage, Plasma Next adopts a stateless architecture. This means that validators only need to store minimal data of a constant size, thereby reducing their operational burden.
These findings align with research by the a16z research team, which states that a completely stateless blockchain solution is not yet practical at this time. However, Plasma Next offers an innovative solution while maintaining the scalability of a fixed fee per block.
Increased Efficiency, Security and Privacy
Plasma Next leverages a mass token transfer mechanism and Merkle Trees to achieve constant state growth per block. This approach eliminates the need for validators to store the entire transaction history, while ensuring data integrity on the network.
Users are freed from the obligation to provide individual liquidity or be continuously online, thereby improving user experience and overall network efficiency.
Leona Hioki emphasized, "INTMAX does not just offer concepts or theories. We present real solutions in the form of code and networks that are ready to use. The open-source license that we adopt allows anyone to contribute to the development of the technology."
Uncovering the Challenges of Stateless Architecture
One crucial aspect of Plasma Next is its stateless architecture. According to a16z research, this approach presents its own challenges because the validator only needs to store minimal data with a constant size. Although efforts have been made to reduce the storage burden of validators, researchers conclude that a completely stateless blockchain is still not practical.
Smart Scalability Solutions
However, Plasma Next offers a smart solution with scalability of a fixed fee per block, regardless of the number of users. This innovation could theoretically be an alternative solution to overcome the limitations of "stateless impossibility" as proven by a16z research.
Users as Data Controllers: Towards True Decentralization
In a stateless scheme, users retain full control over their own data, instead of handing it over to nodes or validators. Although managing data independently may sound complicated, most of the process will be carried out automatically with an encrypted backup system that ensures the security of user data.
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Plasma Evolution: Combining Forces for the Future
The concept of plasma itself is nothing new. This Ethereum Layer-2 scalability solution was first conceived by Vitalik Buterin and Joseph Poon in 2017 with the aim of increasing the Ethereum network's ability to handle transaction volumes equivalent to Visa.
Plasma Networks move most data and computation, except deposits, withdrawals, and Merkle roots, off -chain , thereby potentially achieving much greater scalability compared to on-chain approaches .
However, Plasma also has limitations, especially in terms of user experience and strict online requirements. Users must go through a fairly long challenge period before they can make a withdrawal and are required to continuously monitor their transactions on the Plasma chain. This is what then drives the adoption of Rollup solutions that offer greater ease of use.
Plasma Next is presented as a hybrid solution that combines the strengths of Plasma and Rollup to provide optimal scalability and security. Plasma Next leverages advanced zero-knowledge proof (ZKPs) technology to ensure transaction processing with unmatched levels of privacy and security.
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INTMAX: Paving the Way to a Better Blockchain Future
The launch of Plasma Next marks a revolutionary breakthrough that has the potential to change the landscape of blockchain scalability and privacy in the digital era. By overcoming the obstacle of having to be constantly online, Plasma Next paves the way for broader blockchain adoption.
This technology enables constant state growth per block without requiring individual liquidity preparation, thereby increasing on-chain privacy and simplifying blockchain transactions overall.
About INTMAX
INTMAX is a Stateless Ethereum Layer built for mass adoption. As a pioneer of innovative Layer-2 zkRollup, INTMAX offers efficient, secure, and reliable scalability solutions for a variety of blockchain applications. INTMAX provides a turnkey solution that can be deployed by various applications and services to deliver instant, highly secure and virtually cost-free crypto transactions.
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Conclusion
The emergence of Plasma Next brings new hope for a more efficient, scalable and secure blockchain future. INTMAX, through its innovative approach, has the potential to become a leader in the blockchain scalability revolution and pave the way to a new era of widespread blockchain adoption.
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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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