The Ethereum team announced on June 29 that the implementation of Plasma Cash, a network scalability solution, is now enabled in the ERC721 tokens, better known as collectible tokens, which will allow better development and liquidity in games of the network.
From twitter, Georgios Konstantopoulos, principal investigator of the Plasma Cash project, announced and disseminated the technical advances , the most outstanding features and the link to the open source of the tool, stating that the implementation of the Plasma contracts in tokens ERC721 is already working in the Loom network and is open to public auditing in ethersear.
watch on twitter
Plasma Cash is a version of the Plasma project developed by Vitalik Buterin, Dan Robison and Karl Floersch, which seeks to improve the operation of the smart contracts of the Ethereum network and reduce the loads of the main chain. That is, reduce the costs of processing and increase the speed of transactions.
The main implementation of this tool from the moment of its constitution has been to help in the development of blockchain games , explains a publication in Medium . In this sense, its first launch has been focused on the non-fungible tokens of Ethereum , which can be transferred in the Loom network without paying ETH gas, more quickly and under the same security schemes as in the Ethereum blockchain .
The ERC721 are tokens that have the ability to be collectible, being unique tokens that can not be consumed like other tokens in the Ethereum network. In this sense, these tools allow users to have an indivisible and interchangeable file, adding value because it is unique. The famous kittens, Cryptokitties , are based on this tokens, as well as the vast majority of collectible games on the net.
The developers believe that with this release very soon users will be able to enjoy the Zoombie Battleground platform in testnet format, Ethereum collectible game that will enjoy the services of Plasma Cash and verify its functionality.
Following the developments of the website, the group behind Plasma Cash ensures that for future implementations with other types of tokens more exhaustive tests will be required , which have been delayed by other elements that are also in full development, such as the case of the division of tokens and fusion of the network.
Soon the Plasma Cash network will carry out its chip division and fusion in the plasma chain. However, they still do not have a consensus in the community on how to carry out this action, a situation that has led developers to call the community to provide their opinion on the subject.
A NETWORK WITH LIMITATIONS
Among the explanatory details of Plasma Cash, highlights the possibility offered by the platform's tools to move a token from Ethereum's main network to the plasma chain, sending the card directly to the network contract.
In this sense, when the contract receives the token it immediately issues a deposit event, which is picked up by the side chain to represent the property of the token in the Plasma chain referring to the token that exists in the main network. That is, it constitutes a symbolic representation with which transfers can be made .
The network also has a group of "control points", solutions that are monitoring the changes of said tokens to transfer the information to the mainnet where the pertinent modifications will be made. However, due to these mechanisms and network security solutions, Plasma Cash transactions must go through a period of challenge for them to be approved by the network.
That is, users must wait a reasonable time until the transaction is verified , so their movements are not instantaneous. The developers of Plasma Cash consider this variant a weakness of the network and are developing tools to solve such problems, such as the case of liquidity providers and delegated departures.
In the case of liquidity providers, the network will allow users to exchange equivalent tokens so as not to go through a challenge period, a service that will charge a special rate and provide faster transactions.
On the other hand, the delegated departures or also known as watchtowers, are another service that will allow automated monitoring, instead of manual calls to check the security of a transaction, implementations that could also increase the liquidity of the network.
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