With the introduction of a layer-2 solution- Ambitious Rollups, Blockchain project Cartesi aims to lower transaction fees on the Ethereum network.
In order to operate on top of the Ethereum blockchain, the off-chain decentralized computing network Cartesi has introduced a layer-2 solution. By taking computational requirements off-chain, the so-called Optimistic Rollups aim to reduce the high transaction fees by orders of magnitude and facilitate scaling.
Optimistic Rollups For The ETH Network by Cartesi
Over the past year, the Ethereum network, probably the most used blockchain in the sector with different ERC-20 tokens, stablecoins, and acting as the underlying technology behind the craze for DeFi, has been congested. This created problems with sluggish transactions and high fees, demonstrating the need for alternatives to scaling.
Numerous layer-2 projects have rushed to support, and Cartesi is the latest with such a product. The team revealed that it had launched its Ambitious Rollups in a press release shared to bring down the cost of connecting with the Ethereum network.
The statement described the new product as a stable and realistic solution to the scaling problems of Ethereum, given that there is still some way off from the launch of ETH 2.0. The long-anticipated move to a proof-of-stake consensus algorithm has begun as previously stated, but it could take years to be fully completed.
The solution from Cartesi will allow developers to bypass Solidity and Ethereum Virtual Machine (EVM) constraints to code smart contracts on top of the same software stacks running on Linux.
Shortly after the project launched its own virtual machine named Cartesi Machine, the Ambitious Rollups arrived. It requires “heavy and elaborate computations on top of Linux” to run Ethereum smart contracts.
Endgame: In order to minimize transaction fees
The idea behind Cartesi’s Ambitious Rollups is, by order of magnitude, to reduce the high transaction fees on the Ethereum network, making the decentralized finance sector available on a scale.
Erick de Moura, CEO of Cartesi, noted that a necessary step towards the maturity of the entire blockchain ecosystem is scalable smart contracts running on Linux.
He added that enabling mainstream programmability means that developers of dApp have an entirely new expressive capacity to generate smart contracts from easy to very complex. It also means opening doors for regular developers to be widely embraced who have never coded for blockchain, since they can build decentralized applications with a desktop or web-like coding experience.