cryptopotato.com
The off-chain decentralized computation platform Cartesi has launched a layer-2 solution to work on top of the Ethereum blockchain. The so-called Optimistic Rollups aims to decrease the high transaction fees by orders of magnitude and support scaling by taking computational demands off-chain.
Cartesi’s Optimistic Rollups For The ETH Network
The Ethereum network, arguably the most utilized blockchain in the field with various ERC-20 tokens, stablecoins, and serving as the underlying technology behind the DeFi craze, has been congested over the past year. This caused issues with slow transactions and high fees, thus highlighting the need for scaling solutions.
Numerous layer-2 projects have rushed to assist, and the latest with such a product is Cartesi. The team announced in a press release shared with CryptoPotato that it had unveiled its Optimistic Rollups to “drive down the cost of interacting with the Ethereum network.”
The statement described the new product as a “secure and pragmatic approach to Ethereum’s scaling problems, given that the launch of ETH 2.0 is still some way off.” As previously reported, the long-anticipated transition to a proof-of-stake consensus algorithm has started, but it could take years to be entirely completed.
Cartesi’s solution will enable developers to bypass the constraints of Solidity and the Ethereum Virtual Machine (EVM) to code smart contracts on top of the same software stacks running on Linux.
The Optimistic Rollups come shortly after the project released its own virtual machine called Cartesi Machine. It allows Ethereum smart contracts to run “heavy and elaborate computations on top of Linux.”
Endgame: To Lower Transaction Fees
The idea behind Cartesi’s Optimistic Rollups is to lower the high transaction fees on the Ethereum network by order of magnitude, thus making the decentralized finance field “accessible at scale.”
Erick de Moura, Cartesi CEO, noted that scalable smart contracts running on Linux are a necessary step towards the maturity of the whole blockchain ecosystem.
“Allowing mainstream programmability means that dApp developers have an entirely new expressive power to create from simple to rather complex smart contracts. It also means opening doors for extensive adoption of regular developers who have never programmed for blockchain, as they will create decentralized applications with a coding experience similar to desktop or web.” – he added.