The post PlasmaCon 2024 hints at a resurgence of Plasma’s blockchain technology  appeared on BitcoinEthereumNews.com.

Held in Tokyo and organized by INTMAX, PlasmaCon 2024 brought together some of the leading voices in blockchain and cryptography to discuss the revival and resurgence of Plasma technology as a potential Ethereum (ETH) scaling solution. The event saw an impressive lineup of speakers, including Ethereum founder Vitalik Buterin, cryptography pioneer David Chaum, and Ethereum Foundation researchers Justin Drake and Barry Whitehat.  The diversity of voices showcased the potential of Plasma and ensured a variety of perspectives on issues pertaining to privacy, statelessness, and the future of decentralization. The return of Plasma One of the highlights at the conference was Vitalik Buterin’s discussion on the “Return of Plasma.”  Buterin covered Plasma’s history and offered some insight into its potential rebirth, focusing on recent advances in zero-knowledge proofs and their positive impact on blockchain. While acknowledging the challenges Plasma faced in the past, Buterin made clear his belief that it remains powerful at its core, explaining how integrating ZK-SNARKs could enable near-instant withdrawals and improve scalability compared to current Layer-2 solutions. Buterin’s most intriguing hint, however, was undoubtedly the possibility of Ethereum Virtual Machine (EVM)-compatible Plasma that could vastly expand the chain’s utility. Privacy protocols for communication, payments, and identity David Chaum delivered a keynote about the ways privacy-enhancing technologies could disrupt key sectors of the digital economy.  Chaum argued the interaction of artificial intelligence (AI) and cryptography presents both unprecedented risks and opportunities, envisioning a future in which individuals have access to online privacy protocols for communication, payments, and identity.  In addition, Chaum discussed his work with quantum-resistant signatures and the ways Plasma-like constructions could help build scalable, privacy-oriented systems. On-Chain Minimalism Ethereum researcher Justin Drake gave a talk on “On-Chain Minimalism” as a way to reduce the data footprint of Layer-2 systems.  Drake’s panel focused on transaction data compression…

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Filed under: News - @ August 8, 2024 6:18 pm