.MetisDAO, a layer 2 platform whose team includes VitalikButerin ‘s mother, has launched a new optimistic rollup tech addressing Ethereum scalability for businesses. BrandyBetz reports.
A growing industry of rollup technologies seeks to address Ethereum’s key scalability issues of slow throughput and high transaction or gas fees. Rollups bundle a large number of transactions off the main blockchain and then return the bundle to Ethereum for recording. There are two types of rollups: Zero-Knowledge, which uses computer algorithms to verify transactions, and Optimistic, which optimistically trust that the transactions are valid.
Smart L2 still bundles and processes Ethereum transactions off-chain before returning them for recording and verification. However, the transaction data is stored off of both the layer 1 and layer 2 by using decentralized cloud storage service MEMO Labs. The address and transaction data is Merklized and stored on the base Ethereum blockchain for retrieval and verification later, saving space and making it faster for validators and fraud proofs to find and verify transactions.
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