Bitfinex Invests in Plasma to Revolutionize Global Payments with Bitcoin and USD₮
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 18 2024Bitfinex's Investment in Plasma: Bitfinex has invested in Plasma, a payments platform designed to enable zero-fee USD₮ transactions on the Bitcoin blockchain, aiming to enhance scalability and efficiency with over 1,000 transactions per second.
Plasma's Innovative Architecture: Plasma utilizes a new consensus algorithm that combines Nakamoto Proof-of-Stake and Bitcoin’s UTXO system, facilitating real-time payments while maintaining security, and enabling functionalities like staking and integration with decentralized finance applications.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
