Steemit Crypto Academy Contest / S14W1 -Plasma Chains .

Hello everyone!
Steemit Crypto Academy is back with another amazing challenges per week and I am always excited to participate in Steemit Crypto Academy contests as We get to learn many things from these contests. Let's start this post without wasting any time.

What is a plasma chain in the context of blockchain? And how do plasma chains help solve blockchain scalability issues?

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Plasma Chain is just an off chain of main blockchain like Ethereum and It is similar to these main blockchains but due to more congestion in these main blockchain, Vitalic Buterin and Josheph proposed idea of these Plasma Chains.

It is also known as Child blockchain as these are like branches of main blockchain. Let me explain you with a simple example.

Let's suppose, If you want to go from place A to B and there is only one road to go to that place then, there will definitely be huge traffic as there is only one road. But to solve this problem, there are small small streets are made to reach that place, then everyone can go through these streets as this will result in decreasing the traffic from the main road.

That's what Plasma Chain is all about. It is just like a sidechain as similar to small streets from above example. These chains are introduced to remove the congestion and traffic from the main chain.

Plasma chains helps in solving the scalability issues of blockchain as it removes the traffic from the main chain which will result high scalability of the blockchain.

Let me tell you about scalability. Scalability is just the capacity of the blockchain like how much transactions it can handle per second.

With these Plasma chains, As It removes all the traffic and Hence, It results in faster transactions in the main blockchain and In this way, It solves the scalability issues of the blockchain.

What is the main difference between a plasma chain and the main blockchain?

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Now, Let's discuss some differences between Plasma Chain and main blockchain.

• Plasma Chain is only off-chain and controls only few transactions whereas Main blockchain controls all the transactions and It is the main hub which means It is the Parent Chain and Plasma Chain is just a child chain.

• Plasma chain is just like a street which removes traffic from the main road and Main blockchain is the main road.

• Main blockchain is the main hub where all transactions takes place and Plasma Chain helps in removing traffic from the main blockchain which improves the scalability of the main blockchain.

• Plasma chains verified transactions by using smarts contracts from the main blockchain whereas Main blockchain processes the transactions on its own.

• Plasma blockchain is generally an off chain and hence, It has less transaction fees whereas Main blockchain has high transaction fees.

Are there any concrete examples of applications or projects using plasma chains successfully?

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There are many projects which used Plasma Chains and let's discuss about these projects.

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Polygon Network

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Plasma Chains is used by Polygon Network and this network is based on Ethereum blockchain and they used Plasma Sidechains to enhance the security and scalability of their network.

Plasma Chains helps Polygon network to shift transactions off chain or some sidechains which generally helps in faster and cheaper transactions in this network and hence, improves the flexibility and scalability of network.

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OMG Network

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OMG Network uses Plasma chains which works on child chain mechanism and overall, It helps OMG Network in various ways.

OMG Network is originally called Omise Go and It uses Plasma chains as it's scaling solution as we all know that Plasma chains helps in improving scalability of the network.

As Plasma reduces the traffic from the main chain in a way like the transactions of the main chain are distributed among various sidechains which removes the traffic and help in improving the transaction speed of the network.

In simple words, let's assume a network without Plasma chains and that network will not able to process as many transactions per second which the network with plasma chains can process.

How could the potential integration of plasma chains on the Steem Blockchain influence the speed of transactions and associated costs?

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Integration of Plasma on the Steem blockchain will definitely influence many points of the blockchain. After the integration, transactions of the main Steem blockchain will be distributed among many off chains or side chains which will decrease the congestion of the main chain.

It will definetely improve the scalability of the steem blockchain as after integration of Plasma, Steem users can process transactions in side chains and as a result, It will faster the transaction speed.

Steem users will be able to make transactions in side chains which will allow them to pay lower fees as compared to the main chain.

Plasma will help in enhancing the flexibility and security of the Steem blockchain by adding Sidechains in it and It will preserve the security of the main blockchain. In this way, Plasma chains will influence the Steem blockchain after it's integration.

Are there any plans or discussions within the Steem Blockchain community regarding the exploration or implementation of plasma chains?

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Well, Steem blockchain community always try to integrate new things to make this blockchain better. Actually I am not fully aware from the Steem Community like about their plans of implementing Plasma chains.

But as I have discussed in my second last post of Steemit Crypto Academy, Plasma Chains is a type of Layer 2 Blockchain and If Steem Community implements Plasma chains, then We will definitely see many many improvements in the Steem blockchain.

I would like to suggest Steem community to look out for this as Plasma chains which is a part of Layer 2 blockchain will help Steem blockchain by improving the scalability of the platform.

After it's implementation, We will see improved security, flexibility and Plasma will also help in enhancing the user experience as It reduces the noise from the main chain and with the improved user experience, It can attract many users to this blockchain.

Conclusion

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I have discussed about Plasma chains in this post. It is a part of Layer 2 Blockchain which solves many issues of the main blockchain. I have discussed some projects which are using Plasma chains.

That's all from my side. It was really an amazing topic for this week and I am glad to participate in this contest.

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I would like to invite @steemdoctor1, @yancar, and @casv to participate in this contest.

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Thank You!