The post Ankr and Optimism Unite for Ethereum App Scaling appeared on BitcoinEthereumNews.com.

Ankr partners with Optimism for Rollup as a Service. Service offers tailored Layer 2 solutions for Ethereum apps. The collaboration aims to address blockchain scalability demands. The blockchain sector, continuously evolving with technological advancements, has observed a notable development in the field of Ethereum app scalability. Ankr, a web3 development hub, and Optimism, a Layer 2 solutions provider, have recently united to introduce Rollup as a Service (RaaS), aimed at improving the scalability and performance of Ethereum-based applications.  Ankr and Optimism’s Joint Venture to Enhance Ethereum’s Scalability Scalability remains a central challenge in blockchain technology, especially for Ethereum, which hosts a significant number of decentralized applications. To address this, Ankr and Optimism announced a partnership on Tuesday, November 14, at the OP Labs’ Onchain Summit in Istanbul. This collaboration has led to the launch of Ankr’s Rollup as a Service (RaaS), a solution designed to facilitate the quick creation and deployment of dedicated Optimistic Ethereum (OP) Chains. The service enables users to establish independent Layer 2 solutions, which are custom-built to support traffic from specific applications or projects.  This approach aims to provide a more efficient and scalable environment for Ethereum-based applications, addressing a growing industry demand. Tess Rinearson, Head of Product at OP Labs, commented on the collaboration, emphasizing the goal of making it simpler for developers to bring new users into an expanding Superchain ecosystem. What Are Rollups and What Are They Used For?  Rollups are a type of scalability solution for blockchains, particularly Ethereum, designed to address the challenges of limited transaction throughput and high transaction costs. They work by executing transactions outside the main blockchain on secondary networks while ensuring their outcomes are reflected on the main chain. This process involves grouping or “rolling up” multiple transactions into a single transaction, which is then posted to…

---

Filed under: News - @ November 15, 2023 10:26 pm