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As ConsenSys, Mastercard announce rollups, will gas fees roll out larger investors
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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
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