MAJOR NEWS on Ethereum's scalability: founder (Vitalik Buterin) releases new whitepaper!

Major news on the Ethereum front:

After publicly criticizing Ethereums scalability just last month Vitalik Buterin was apparently already thinking in solutions. Together with Joseph Poon, the author of the Lightning Network, a micropayments solution for Bitcoin, he just today released a new whitepaper introducing PLASMA.

Plasma is introduced by Buterin and his co-writer as:

"(...) a proposed framework for incentivized and enforced execution of smartcontracts which is scalable to a significant amount of state updates per second (poten-tially billions) enabling the blockchain to be able to represent a significant amount ofdecentralized financial applications worldwide."

You can read all about in this article by Cointelegraph or, of course, read the Whitepaper itself.

Steem on brothers!

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