As Plasma Stalls, Snarks Become New Hope for Scaling Ethereum Now

Efforts to scale ethereum, the world’s second-largest blockchain, are growing more varied as one much-anticipated solution encounters pitfalls amid its continued development. At the forefront of this transition has been plasma, a concept widely heralded as ethereum’s best bet for short-term scaling. Already, researchers behind the tech have built five distinct versions of the protocol – but within these multiple iterations, there’s evidence that work isn’t proceeding as originally hoped, with little actionable code being put together well over a year since its inception. As plasma slows, however, attention is being…