Plasma: Scalable Autonomous Smart Contracts

plasma : Scalable Autonomous Smart ContractsJoseph 11, 2017 WORKING is a proposed framework for incentivized and enforced execution of smartcontracts which is Scalable to a significant amount of state updates per second (poten-tially billions) enabling the blockchain to be able to represent a significant amount ofdecentralized financial applications worldwide. These Smart Contracts are incentivizedto continue operation autonomously via network transaction fees, which is ultimatelyreliant upon the underlying blockchain ( Ethereum) to enforce transactional propose a method for decentralized Autonomous applications to scale to processnot only financial activity, but also construct economic incentives for globally persistentdata services, which may produce an alternative to centralized server is composed of two key parts of the design: Reframing all blockchain compu-tation into a set of MapReduce functions, and an optional method to do Proof-of-Staketoken bonding on top of existing blockchains with the understanding that the NakamotoConsensus incentives discourage block construction is achieved by composing Smart Contracts on the main blockchainusing fraud proofs whereby state transitions can be enforced on a parent compose blockchains into a tree hierarchy, and treat each as an individual branchblockchain with enfor

in a contract state with net settlement/withdrawal at a later date. 2 Plasma Plasma is a way to do scalable computation on the blockchain with the structure of creating

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  Contract, Smart, Autonomous, Plasma, Scalable, Scalable autonomous smart contracts

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