Cryptoeconomics Lab provided grant to develop a Plasma layer on Tezos

The Tezos Foundation, the overseer of the Tezos blockchain protocol, today announced that Cryptoeconomics Lab, based in Tokyo, Japan, has received a grant to develop a Plasma layer on Tezos. Plasma is a layer-2 scaling technique to increase transaction throughput on blockchains.

Led by Shogo Ochiai, the Cryptoeconomics Lab team will implement Plasma according to the Plasma Group’s Generalized Plasma Specification and conduct an audit of the implementation before its release.

This implementation will be integrated into Cryptoeconomic Labs’ Plasma-Rust framework. Furthermore, Cryptoeconomics Lab will develop an Android wallet application and integrate Tezos to its application development toolset, Plasma Chamber, for its Plasma layer on Tezos.

The Tezos Foundation’s core mission is to support the long-term success of the Tezos protocol and ecosystem. By funding projects created by scientists, researchers, developers, entrepreneurs, and enthusiasts, the Foundation encourages decentralized development and robust participation.