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RE: OmiseGo is the first plasma.io project!
Have any other projects used Plasma? Is it basically just able to scale much faster than Ethereum or is there something else behind it? Don't quite understand the quoted text in your post explaining it.
Simply put its like adding the lightning network to Ethereum. From the paper "Similar to the Lightning Network, Plasma is a series of contracts which runs on top of an existing blockchain to ensure enforcement while ensuring that one is able to hold funds in a contract state with net settlement/withdrawal at a later date."
In the future I'm sure more will as far as I know omisego is the first.
thanks for the ELI5 :)