La digital currency Ethereum has decided to upgrade, in fact its developers are working to make Plasma Cash available as soon as possible. In fact, even if Ethereum is currently the second cryptocurrency in the world after Bitcoin (see Ethereum listing), despite this there are still several things to improve and among these are the speed of transactions on its blockchain and also scalability. For this reason the platform has decided to launch an update that will take the name of Plasma Cash.
What is Plasma Cash? And why will it improve Ethereum?
Plasma Cash is the upgrade of its Plasma version, which provides a technique to be able to perform an "Off Chain" transaction, this means that the use of the blockchain remains only to be able to optimally maintain the security of the system. So thank you to the Plasma Cash version you can make transactions with lower costs and consequently you can also manage them faster.
These aspects are very important for Ethereum for this reason its developers are developing the new Plasma Cash update to be able to process more transactions. For example, today Visa processes 45 thousand transactions per second against Ethereum's 24.
However, the context is broader because in addition to the new Plasma Cash, Ethereum also provides for 2020 for January the launch also of Ethereum 2.0 always to improve his overall blockchain. This news gave hope to investors, thus increasing the value of the stock on the market.
These news for Ethereum in fact, make investors understand how it can quickly improve the scalability of this cryptocurrency and therefore it will be very probable that the digital currency can, over time, increase its value more easily after triggering a positive trend. Moreover, it could become even more useful as a system for banking transactions and smart contracts.
