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ConsenSys partners with Mastercard to launch rollups for EVM blockchains

                                                            Consensys – ein führendes Ethereum Softwareunternehmen – hat kürzlich ConsenSys Rollups in Zusammenarbeit mit dem Zahlungsgiganten Mastercard eingeführt.  Die Softwarelösung bietet Skalierbarkeit und Datenschutz für Ethereum Virtuelle Maschinen (EVM) kompatible Blockchains.

Improve throughput and data protection

Consensys announced its new software on Thursday in a company blog post. It is intended to offer applications based on the quorum tech stack “scalability at the enterprise level”. Quorum is the fully managed open source protocol layer from ConsenSys to be built on top of Ethereum. ConsenSys rollups can either be placed directly on Ethereum’s mainnet or in ConsenSys quorum networks.

Some of the technology uses zero-knowledge (ZK) evidence for improved transaction protection. ZK proofs allow a sender to prove a transaction without actually executing it on the network. Unlike regular transactions, they can hide details such as account balances, sender, recipient and amounts.

In addition, they allow transactions to scale exponentially. By doing transactions in a particular BlockchainNetwork are not actually running, ConsenSys rollups can achieve up to 10,000 transactions per second. This is far more than the 300 TPS possible with private chains or the only 15 TPS possible with Ethereum’s mainnet.

“ConsenSys rollups enable much higher scalability in addition to strong data protection in order to improve solutions for existing use cases as well as enable new use cases,” said Madeline Murray – Global Lead of Protocol Engineering at ConsenSys. “This innovative solution will help accelerate the building of the future of finance.”

Vitalik Buterin – co-founder of Ethereum – has recognized Ethereum’s lack of scalability in its current state. The mass volume at NFT– and defi transactions that the network is processing has caused its transaction fees to skyrocket. He suggested rollups as a viable solution for scaling up before Ethereum 100X in March.

Benefits of Consensys Rollups

According to ConsenSys, rollups can help institutions and governments implement a number of ideal technologies. These include central bank digital currencies (CBDCs), decentralized exchanges, and micropayment applications. CBDCs in particular would see a strong benefit as CC evidence would help allay privacy concerns that have risen from central bank currencies.

Rollups are a similar scaling solution for Ethereum to the Lightning Network from Bitcoin, which uses deferred settlement to theoretically allow for infinite transaction throughput. Bitcoin’s base layer has even less throughput than Ethereum, at just 7 TPS.

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Source: Crypto News Deutsch

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