Founder of Ethereum, Vitalik Buterin, delivered a speech titled “Exiting the EVM Verification Game: The Return of Plasma” at the L2DAYS event in Istanbul, and yesterday published an article of the same title on his personal blog, discussing the potential revival of Plasma as a blockchain scaling solution.
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L2 Solution – Plasma
Vitalik proposes “Plasma + zk” new idea
OMG surges 30%
Plasma was first invented in 2017 as a blockchain scaling solution that keeps most data and computations off-chain, significantly increasing scalability. However, due to the complexity of the “exit game” mechanism in Plasma (ensuring the secure return of assets from the Plasma chain to the underlying network) and its limited applicability to complex scenarios beyond payments, Rollups solutions (such as Optimism and Arbitrum) eventually became mainstream.
Nevertheless, Vitalik Buterin pointed out in the article that while Rollups are more stable in terms of security, Plasma has significant advantages in data availability and reducing transaction costs. Vitalik believes that by combining the effectiveness proof of zk-SNARK with Plasma, it could address the compatibility issues between the Plasma solution and the EVM “statelessness”, significantly improving the security of fund exits. Therefore, Plasma still has the potential to become a viable path for Ethereum’s scaling solution.
Vitalik Buterin concluded at the end of the article:
Interestingly, after the publication of the article, the native token of the OMG Network, built on the Plasma solution, saw a surge of over 30% within three hours, reaching a six-month high. However, speculation is just speculation, and the OMG Network solution is different from Vitalik’s proposed “ZK + Plasma”, so the token price quickly fell back to pre-surge levels.