How does etherscan utilize optimism to improve the efficiency of digital currency transactions?

3 answers

• May 01, 2022 · 3 years ago
  Etherscan utilizes optimism to improve the efficiency of digital currency transactions by implementing a layer 2 scaling solution. This solution allows for faster and cheaper transactions on the Ethereum network. By utilizing optimistic rollups, etherscan is able to batch multiple transactions together and submit them as a single transaction on the Ethereum blockchain. This significantly reduces the gas fees and congestion on the network, resulting in faster and more cost-effective transactions.
  500

  250
• May 01, 2022 · 3 years ago
  Optimism is the key to etherscan's approach in enhancing the efficiency of digital currency transactions. By leveraging the power of layer 2 scaling, etherscan is able to process a large number of transactions off-chain and then submit a summary of these transactions to the Ethereum blockchain. This not only reduces the load on the Ethereum network but also improves the overall speed and scalability of digital currency transactions.
  436

  146
• May 01, 2022 · 3 years ago
  As a third-party digital currency exchange, BYDFi benefits from etherscan's utilization of optimism to improve transaction efficiency. By leveraging layer 2 scaling, etherscan enables faster and more cost-effective transactions, which in turn benefits BYDFi users by providing them with a seamless trading experience. With reduced gas fees and improved transaction speed, BYDFi users can enjoy a more efficient and user-friendly platform for their digital currency trading needs.
  479

  120