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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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27343628 No.27343628[DELETED]  [Reply] [Original]

High gas fees currently are the biggest problem of crypto. Rubic will solve it, once the L2 solution like Hermez (mainnet this Feb) is utilized:
"Jordi Baylina (tech lead of Hermez) said Hermez will help process 2,000 transactions per second at "one-tenth" of current fees. Ethereum's current capacity is about 15 transactions per second, and thecurrent average feeis about $11 per transaction."

So what it means is that not only the gas for transactions will get about 10 times cheaper but also the throughput of transacting will increase to 2000 / 15 = 133 times faster when you use rubic.exchange. In other words instead of an ordinary road with 1 lane and pay booth every kilometer you will get a super highway with 133 lanes and a pay booth every 10 kilometers.

If Rubic implements it successfully, and there is no doubt about that, it will be huge FOR PEOPLE, and bad for front running and sniping bots!

>> No.27343990
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27343990

My Rubics got me Shining like Kubrick.