Are there any new developments or solutions to reduce transaction delays in Ethereum?

3 answers

• Dec 15, 2021 · 3 years ago
  One of the recent developments to reduce transaction delays in Ethereum is the implementation of Ethereum Improvement Proposal (EIP) 1559. This proposal aims to change the way transaction fees are calculated and managed in Ethereum, which is expected to improve the overall transaction speed and reduce congestion on the network. With EIP-1559, the transaction fees will be more predictable and users will have the option to pay a base fee to prioritize their transactions. This development is seen as a significant step towards reducing transaction delays in Ethereum.
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• Dec 15, 2021 · 3 years ago
  Yes, there have been several new solutions introduced to address transaction delays in Ethereum. One such solution is the use of layer 2 scaling solutions like Optimistic Rollups and zk-rollups. These solutions aim to increase the transaction throughput of Ethereum by processing multiple transactions off-chain and then submitting a single proof to the Ethereum mainnet. By offloading the majority of transactions to layer 2, these solutions can significantly reduce transaction delays and improve the overall scalability of Ethereum.
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• Dec 15, 2021 · 3 years ago
  As a representative of BYDFi, I can say that our platform has also implemented measures to reduce transaction delays in Ethereum. We have integrated with layer 2 scaling solutions like Optimistic Rollups to provide faster and more efficient transactions for our users. By leveraging layer 2 technology, we are able to significantly reduce transaction delays and provide a seamless trading experience on our platform.
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