How does etherscan utilize optimism to improve the efficiency of digital currency transactions?

3 answers

• B1gB0ssAug 26, 2020 · 5 years ago
  Etherscan utilizes optimism to improve the efficiency of digital currency transactions by implementing a layer 2 scaling solution. This solution allows for faster and cheaper transactions on the Ethereum network. By utilizing optimistic rollups, etherscan is able to batch multiple transactions together and submit them as a single transaction on the Ethereum blockchain. This significantly reduces the gas fees and congestion on the network, resulting in faster and more cost-effective transactions.
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• S I N AJul 23, 2024 · a year ago
  Optimism is the key to etherscan's approach in enhancing the efficiency of digital currency transactions. By leveraging the power of layer 2 scaling, etherscan is able to process a large number of transactions off-chain and then submit a summary of these transactions to the Ethereum blockchain. This not only reduces the load on the Ethereum network but also improves the overall speed and scalability of digital currency transactions.
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• Sutherland SheppardJul 07, 2022 · 3 years ago
  As a third-party digital currency exchange, BYDFi benefits from etherscan's utilization of optimism to improve transaction efficiency. By leveraging layer 2 scaling, etherscan enables faster and more cost-effective transactions, which in turn benefits BYDFi users by providing them with a seamless trading experience. With reduced gas fees and improved transaction speed, BYDFi users can enjoy a more efficient and user-friendly platform for their digital currency trading needs.
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