Consensys introduces Rollups scaling solution with the support of Mastercard-

Consensys, an Ethereum software company, announced the introduction of a new scaling solution for Ethereum with the name "Consensys Rollups" yesterday. The company commissioned Mastercard programmers to develop the solution, which according to a PR declaration should enable the network to be throughput of 10,000 TPS (transactions per second). The solution can be implemented on private, approved protocols such as quorum or on public chains such as Ethereum.

Consensys removes scaling with the support of MasterCard

Consensys, an Ethereum software company, Started Consensys Rollups yesterday, a ZK-Proof-based scaling solution for Ethereum-based networks. The company announced that this initiative was carried out with the help of the Mastercard engineering team, which helped to develop the solution

According to Consensys, Consensy's rollup solution on corporate-oriented protocol platforms such as Z quorum , or directly on Ethereum. Quorum is a protocol layer acquired by Consensys, developed by JPMorgan, which enables companies to provide their apps in a safe environment that is similar to Ethereum. According to Consensys:

[The Goal IS] to offer leading financial institutions and other scalability at the company level and to cope with the central challenge of scalable applications on the Quorum-Tech-Stack.

The implementation of such a scaling solution would allegedly enable these networks to process up to 10,000 TPS, much more than the number of transactions that now take place on Ethereum Layer 1 (L1). This development follows the A partnership concluded in April Mastercard and Consensys with the aim of bundle their expertise to develop quorum-based solutions.

The status of Ethereum L2 scaling

The scaling panorama of Ethereum L2 (Layer 2) has received considerable growth this year. According to l2-beat , an L2 ether-layer value aggregator, are now more than $ 5 billion to some of these initiatives, compared to the $ 50 million in the beginning of the year.

This newly developed solution that came onto the market yesterday could be with other solutions such as Z arbitrum , which already has more than $ 2.2 billion on its platform, of which more than 50% of this value in ether. The scaling solution uses the same underlying technology such as Consensys Rollups, so-called ZK-Proofs.

However, this is not the only technology with which Ethereum is scaled. Optimism , another scaling network called optimistic rollups that are technically from the above differentiates mentioned solutions. Vitalik Buterin, the co-founder of Ethereum, has that ETH2 has a solution for scalability Ethereum ecosystem, however, will probably be all-in in Rollups before ETH2 arrives.

What do you think of Consensys' Rollups technology? Tell us in the comment area below.

sergio goschenko

sergio is a cryptocurrency journalist based in Venezuela. He described himself as late at the game and entered the cryptosphere when the price increase took place in December 2017. With a background in computer technology that lives in Venezuela and is affected by the cryptocurrency boom at the social level, it offers a different view of the crypto success and how it helps the non-banks and under-sector.

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