Today news
About the same in other media
As ConsenSys, Mastercard announce rollups, will gas fees roll out larger investors
Reading now: 588
ambcrypto.comAt press time, gas fees on Ethereum were 47 gwei, and the estimated cost of an ERC-20 transfer was about $10.25. Lower than usual, yes, but still a difficult cost to justify for many users and developers.
Luckily, there’s a growing answer to this problem – Ethereum rollups, or Layer 2 solutions that aim to cut transaction costs. What’s more, even mainstream institutions are picking up on these developments.
Both crypto watchers and more traditional investors took note when Ethereum’s software company ConsenSys announced its ConsenSys Rollups, created with the help of Mastercard’s engineering expertise. ConsenSys’ official press release noted,
“Solutions built with ConsenSys Rollups can currently achieve a throughput of up to 10,000
Read more on ambcrypto.comAbout this in other media
Final farewell for South Africa's Desmond Tutu as state funeral goes underway euronews.com /2 years ago
Will US regulators shake stablecoins into high-tech banks? cointelegraph.com /2 years ago
Mexico confirms plans to roll out CBDCs in 2024 cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
