Hello, can Arbitrum, or similar, be used to reduce Eth

Question

SingularityNET Community

Gixane

Hello, can Arbitrum, or similar, be used to reduce Eth

network commissions? Could it be implemented in the future in the SNet ecosystem?

#cryptocurrency #english #singularitynet

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25.02.2024

4 ответов

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Gixane Автор вопроса

Azulene | Will not DM first
If you’re referring to transaction fees, those are...

Yes, the transaction fees on the SDAO Vaults/Launchpads, I'm looking for a way to lower them. 😅 HyperCycle looks like a great future solution and I'm looking forward to it. In the meantime, what would be that platform with layer-2 solutions you mentioned? Metamask can use Arbitrum and Optimist, is that what you mean?

0

9 месяцев назад

Azulene | Will not DM first

Gixane
Yes, the transaction fees on the SDAO Vaults/Launc...

Not recommending any specific platform-other than SDAO-it was meant as comment that AGIX is a token, not a blockchain, so can’t really lower tx fees by integrating L2. It’s a double-edged sword though; when the market moves, so do transaction fees, and vice versa (sending myself to the price chat)

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9 месяцев назад

Gixane Автор вопроса

Azulene | Will not DM first
Not recommending any specific platform-other than ...

Ah, ok. I just didn't know if layer-2 could be used in SDAO. I was reading that it can be applied to smart contracts without modifying them (something about EVM), but you are right. I'll educate myself a bit more and also ask in the price chat. Thanks!

0

9 месяцев назад

Azulene | Will not DM first · Accepted Answer

Azulene | Will not DM first

If you’re referring to transaction fees, those are done on the blockchain, so if a platform you’re using has some Layer-2 solutions, then you’ll benefit from using those solutions. SNET ecosystem is building its own blockchain, a computing network, HyperCycle, which will def have lower tx fees; also, SingularityDAO is working to provide various lower-fee opportunities for intra- and beyond the ecosystem transactions.

0

9 месяцев назад

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Hello, can Arbitrum, or similar, be used to reduce Eth

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