Florence, New Jersey, December nineteenth, 2023, Chainwire
Nume Crypto launched its fee scaling protocol on Polygon zkEVM at present. Designed to allow Web2 scale and economics on Web3 rails, the Nume payments rollup is the primary flat-fee protocol on the Ethereum community, offering on the spot transaction affirmation and horizontal scalability.
Nume customers can conduct token and NFT transfers, NFT mints, NFT trades, and community deposits and withdrawals. A later replace will see the rollup obtain full EVM compatibility. Nume can also be the primary scaling resolution to supply community subscriptions. Customers can unlock all operations on the community on the introductory pricing of simply 1.99 DAI a month.
Web2 Economics on Web3 Rails
Each on-chain transaction incurs a variable gasoline charge. As constantly proven by spikes on Ethereum and Polygon, just like the latest 1000% spike in Polygon brought on by minting POL, this charge may be very unpredictable. Nume is constructed to take away the unpredictability and variability of gasoline charges to make it simpler to scale blockchain purposes to Web2 customers.
The Nume funds rollup can batch a limiteless variety of transactions at fastened and low on-chain prices, whereas offering the strongest safety ensures. Which means the marginal price of a transaction is zero, enabling the protocol to supply fully gas-abstracted enterprise fashions for blockchain actions on Polygon zkEVM at present.
Nume is on the market for each finish customers and dApps to conduct P2P token and NFT transfers, NFT mints, NFT trades, community deposits, and community withdrawals. Whereas full EVM compatibility is scheduled for Q2 2024, the funds rollup is already EVM addressable and suitable with EVM wallets. To start out sending and receiving funds on Nume, customers can add the protocol as a community to their customary EVM wallets like Metamask or Coinbase Pockets. Then again, dApps can make the most of the protocol to supply flat-fee operations to their customers akin to what they arrive to count on from Web2 providers.
All operations on Nume, apart from deposits that occur on Polygon zkEVM, are priced in fully flat charges. Nume additionally provides network subscriptions, enabling limitless feeless operations to customers at a flat 1.99 DAI per 30 days.
A New Technique to Scale the Ethereum Blockchain
With blockchain know-how gearing in direction of mainstream adoption, scalability choices have gotten more and more essential to blockchain-powered purposes. However regardless of all of the enhancements they convey to the desk, present options aren’t with out fault.
Optimistic rollups (OR) incur low prices however have a delay time when exiting liquidity. Then again, ZK rollups have on the spot settlement finality and quick liquidity exit however incur excessive prices because of their computationally intensive nature.
Additional, present scaling options have to decide on between posting transaction information on-chain at increased processing prices (e.g. OR and ZKs talked about above) vs placing it off-chain with weaker safety ensures (e.g. utilizing a Information Availability Committee). These sorts of trade-offs imply that the expertise with present rollups is lower than very best for a lot of customers.
The Nume Fee rollup addresses these challenges and provides the most effective of present rollup options. It retains information off-chain whereas proving its irrefutable availability in addition to the correctness of the ensuing stability updates (to customers’ funds) on-chain. The protocol makes use of {hardware} enclaves to run the rollup algorithm and compute a brand new state, which signifies that each settlement processed inside the enclave is attested by it.
It’s successfully this attestation that’s verified on-chain; the transactions themselves are posted to IPFS and the enclave first downloads them earlier than computing the state replace, therefore verifying that the info has been made accessible within the specified IPFS location.
The Nume rollup provides trustless safety at very low on-chain and off-chain prices whereas additionally offering on the spot settlement finality and thereby quick on-chain exit liquidity.
About Nume Payments Rollup
The Nume funds rollup is a trustless scaling resolution deployed on Polygon zkEVM. It was developed by Nume Crypto, a Web3 group based with the imaginative and prescient of leveraging blockchain-based applied sciences to facilitate worldwide monetary inclusivity.
For extra info and updates, take a look at the Nume Website and observe Nume:
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Contact
COO
Jamie Kingsley
The PR Genius
j.kingsley@theprgenius.com