Why are rollups considered a game-changer for the scalability of blockchain-based cryptocurrencies?

1 answers

• Nov 26, 2021 · 3 years ago
  Rollups are considered a game-changer for the scalability of blockchain-based cryptocurrencies because they address the scalability limitations of traditional blockchain networks. By bundling multiple transactions together and submitting them as a single transaction to the main blockchain, rollups significantly reduce the amount of data that needs to be processed and stored on the blockchain. This allows for faster transaction confirmation times and increased transaction throughput. Rollups also provide a more cost-effective solution, as the fees associated with processing transactions on rollups are typically lower than those on the main blockchain. Overall, rollups offer a scalable and efficient solution for blockchain-based cryptocurrencies, paving the way for widespread adoption and improved user experience.
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