How do zk rollups and optimistic rollups affect the transaction fees in the realm of digital currencies?

3 answers

• Ganesh RathodJul 02, 2022 · 3 years ago
  zk rollups and optimistic rollups are both scaling solutions that aim to reduce transaction fees in the realm of digital currencies. By bundling multiple transactions together and submitting a single proof to the blockchain, zk rollups can significantly reduce the cost of transactions. On the other hand, optimistic rollups allow for faster and cheaper transactions by processing most transactions off-chain and only submitting a summary to the blockchain. Both solutions have the potential to greatly improve scalability and reduce fees in the digital currency space.
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• amulreddy krSep 26, 2022 · 3 years ago
  When it comes to transaction fees in digital currencies, zk rollups and optimistic rollups play a crucial role. Zk rollups use zero-knowledge proofs to bundle multiple transactions together, reducing the number of transactions that need to be processed on the blockchain. This results in lower fees for users. Optimistic rollups, on the other hand, process most transactions off-chain and only submit a summary to the blockchain. This allows for faster and cheaper transactions. Overall, both zk rollups and optimistic rollups have the potential to significantly impact transaction fees in the realm of digital currencies.
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• Fredy ReyesOct 19, 2024 · 10 months ago
  As an expert in the field of digital currencies, I can tell you that zk rollups and optimistic rollups have a significant impact on transaction fees. By utilizing zk rollups, users can bundle multiple transactions together and submit a single proof to the blockchain, reducing the overall cost of transactions. Optimistic rollups, on the other hand, allow for faster and cheaper transactions by processing most transactions off-chain. These scaling solutions are designed to improve scalability and reduce fees in the world of digital currencies.
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