Recently, not only engineers but also business marketers have frequently heard about the potential possibilities of Ethereum or its technical issue called “scalability” while there’s not much latest information about them. In this article, I would like to explain “Plasma Chamber” advocated by Cryptoeconomics Lab as a new scalability solution for business marketers.

What is Cryptoeconomics Lab?

Cryptoeconomics Lab is currently developing and providing a trustless 2nd layer scaling solution via applying the best part of Cryptoeconomic engineering. The goal is fitting Cryptoeconomics into the daily life of all kinds of society.

Cryptoeconomics Lab is developed in Japan with top-class engineers as a distributed community, and their discussion is constantly held in threads.

Here are their links：

Website:https://www.cryptoeconomicslab.com/

Cryptoeconomics Research: https: //research.cryptoeconomicslab.com/

Github: https: //github.com/cryptoeconomicslab

Scrapbox: https: //scrapbox.io/cryptoeconimicslab/

Why scalability is important

Cryptoeconomics Lab is currently developing and providing a scalability solution for realizing Cryptoeconomics.

A scalability problem is a problem that blockchain transactions take a very long time to process as a result of exceeding the capacity of the transaction on the blockchain. So why is the scalability problem important now?

Scalability problems are caused by excessive remittance due to an increase in the number of application users, an increase in ICO and an increase in applications (Dapps) executed on Ethereum. These are all necessary facts to implement blockchains and reach more users. In other words, if you make a good product without solving the scalability problem, it will be difficult for users to use it.

In order to solve this problem, each blockchain such as bitcoin, Ethereum, etc. is promoting R&D. What Cryptoeconomics Lab is currently developing is a scalability solution corresponding to each blockchain.

The most critical solution “Plasma”

Among various block chains which face scalability, Ethereum is the most urgent blockchain because it’s supposed to operate various applications as a “world computer”.

Ethereum is trying to solve scalability with the technology called “Plasma” in particular. This Plasma sets the existing Ethereum chain as the “parent chain”, the user deposits ETH in the parent chain and connects the “child chain” as the Sidechain. By depositing ETH in the parent chain, you can secure the balance that can be handled in the child chain. And you can also make the deposit the source of the withdrawal. By delegating the processing done in the existing Ethereum chain to the Sidechain, transaction performance will be improved a lot.

In the existing Ethereum chain, every process from trivial processing to important processing was executed on the same chain, but by separating information on specific processing from parent chain by Plasma, You can reduce the size of the data stored in the blockchain and improve the execution speed of smart contract. It is also possible to connect a Side chain to the Sidechain.

Issues of initial Plasma

But there are some challenges for this Plasma. For example, users will have to check the Plasma chain themselves in order to prevent their ETH from being attacked and illegitimate, as a result, users will cost the monitoring.

Currently, various projects are developing products to implement Plasma, and Plasma called “Plasma Cash” is currently considered to be optimal to solve these problems.

As this Plasma Cash counts the 100 dollars bill of cash as the 1st sheet, the 2nd sheet, … as it issues a unique ID to the deposited token and makes the transaction all unique. The history that does not branch due to non-fundgible tokens minimizes the cost of detecting fraud by operators and stakeholders, making it more difficult for complications to affect users as security is secured. That is, for users who use the application, it becomes possible to improve the efficiency of monitoring, verification and checking the transaction.

Development of Ethereum realized by Plasma Chamber

Although Plasma Cash I mentioned above is an effective means as a scalability solution, each developer needs to fit it in the appropriate form to Dapps themselves developed. Plasma research is progressing day by day, and general blockchain engineers can not fully grasp the issue, then Plasma researcher would be required when it is supposed to carry out the development of an application. As a result, each team has to conduct research on Plasma in addition to Dapps that the team is developing in its company, which is not efficient as a development process.

Plasma Chamber which is openly proposed by Cryptoeconomics Lab and loved by many Japanese “Plasman” community. The basic structure of Plasma Chamber follows Plasma Cash and generates a Plasma Sidechain for making specific Dapps. At this time unlike existing Plasma, by having the same state machines in both Plasma contract and child chain, it will be possible to handle smart contract which legitimately inherited the security of the parent chain of the child chain even in the child chain. Therefore, by using Plasma Chamber, it becomes possible to generate the original Plasma necessary for Dapps development as keeping the security of the Mainchain of the Elementary.

As development language, we are planning to be able to output Solidity and JavaScript code which is currently the mainstream of Dapps development. In the future it is supposed to be mainly used for development of Dapps such as games and DEX, so that developers can clarify ambiguity and closed know-how in designing with Plasma incorporated and implement it We aim to become.

What are the pros and cons?

Unlike other Sidechain aiming to General Computing, Plasma Chamber aims to inherit full security of Ethereum Mainchain and PlasmaCash. The design rationale of this choice is clear. We know building trustless application is very tough and intellectual job. We know spoiling decentralized design is very easy. So we don’t want to make 2nd layer scaling solution to be the spoiler of decentralization. Very pure and foundational requirement. The security guarantee of Plasma Cash is minimum quality for decentralized applications we believe.

Plasma Chamber Repository on Issue Hunt!

Plasma Chamber is currently developing an alpha version and it is on Issue Hunt aiming to promote community revitalization and open source development.

IssueHunt is a bounty platform for open source projects, many people around the world use it now. Please send us your opinions about Plasma Chamber on IssueHunt’s !

The link is here:

Plasma Chamber Issue Hunt

https://issuehunt.io/repos/149250475

In addition to Plasma Chamber, Cryptoeconomics Lab will actively develop and research general Plasma, general scalability, and contribute to the development of the blockchain ecosystem.