Fast Magnetic Reconnection in the Plasmoid-Dominated Regime

A conceptual model of resistive magnetic reconnection via a stochastic plasmoid chain is proposed. The global reconnection rate is shown to be independent of the Lundquist number. The distribution of fluxes in the plasmoids is shown to be an inverse-square law. It is argued that there is a finite probability of emergence of abnormally large plasmoids, which can disrupt the chain (and may be responsible for observable large abrupt events in solar flares and sawtooth crashes). A criterion for the transition from the resistive magnetohydrodynamic to the collisionless regime is provided.