Plasma Group Ends Its Ethereum Scalability Research

Foundation of Plasma Group was laid in January 2019, and pushing research towards the Ethereum scalability solutions based on Plasma technology was in their sight. Ethereum Foundation, ConsenSys, Omisego, Matic Network and Gitcoin, all lent a helping hand for the cause and funded the project. They used the money raised to solve and obliterate practical obstacles for layer-two scaling solutions. The team applauded their achievements and considered them significant, including creating Plasma Cashflow implementations, releasing a generalized Plasma specification and coining Optimistic Rollup. 

The primary purpose was to nourish blockchains supporting smart contracts, and not just restricting its influence and capacity to money transfers. After running its research for a year, Plasma Group reached the conclusion that the mature foundation has been laid, and more effort into the analysis are unwarranted and worthless :

"A year ago, scalability research felt like the most pressing need to us, so we threw everything we had into accelerating it. It is amazing to see the multitude of competent teams pushing production plasma into reality now. This shift from research to implementation means that our mission as a research organization must shift as well.”

A Priority Shift for Plasma Group

Plasma Group said that while they’ll not let scalability slip down the dumps, their researchers have categorically identified that the funding of public goods such as open-source software as more of a blistering challenge in the grand scheme of things. It’d donate its funds to Gitcoin, which is a crowdfunding platform emphasizing on the world of open-source development. It provides permission to blockchain projects and funded Plasma Group in the same manner.