OmiseGO Announces Release of OMG Network Repo and Tesuji Plasma Progress

Announced via a Medium post, the GitHub repository published by the OmiseGO team provides an insight into OmiseGO's Tesuji milestone.

The OmiseGO team states that while the Tesuji Plasma solution is still under active development and is not yet ready for release on a public testnet, those who are interested can download a child chain server and watcher software that monitors the behavior of the Plasma chain and root chain in order to "Play with it."

OmiseGO's implementation of the Plasma scaling solution is based on Vitalik Buterin, Joseph Poon, and David Knott's "Minimum Viable Plasma" design, and has been constructed with the implementation of the More Viable Plasma solution in mind.

Created primarily by Lightning Network co-creator Joseph Poon and Ethereum co-founder Vitalik Buterin, Plasma is essentially built on top of blockchains.

Plasma functions as a series of smart contracts that run on top of a root chain - in this case, the Ethereum chain.

The potential the Plasma solution holds for solving the scalability problem is massive - the Plasma white paper posits that implementation could result in the creation of a blockchain that could execute billions of state updates per second.

The benefits of Plasma to OmiseGO - who are planning to create a massive payment platform to rival Visa - are obvious.

Tesuji Plasma is designed to deliver faster, cheaper transactions while retaining security, providing native support to ETH and ERC20 tokens.

OmiseGO states that Tesuji Plasma is currently running on an internal testnet, which will be moved to a public testnet once the development team considers it safe and responsible to do so.

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