ConsenSys enlisted the expertise of the Mastercard engineering team to plan the ConsenSys RollUps solution. The new technology is designed to increase the overall throughput and transaction speed of the Ethereum network.
ConsenSys team:
“ConsenSys RollUps is an innovative modular software solution with a focus on scalability and privacy for any Ethereum Virtual Machine compatible, blockchain connectable and permissioned applications. “New technology”Zero knowledge proofIt works with “. This technology is the ability of one party to prove its knowledge without sharing it with the other party. Zero-knowledge proof rollups are designed around programmability and more functionality in the future. Higher transaction throughputs can be achieved based on information provided by trusted parties. in seconds on a private server with solutions produced with ConsenSys RollUps. 10,000 while this number can be processed on an ordinary private server 300, if on Ethereum mainnet 15 limited to the transaction.”
According to the team, these developments are opening up new areas for Digital Central Bank Money, micropayments, decentralized exchanges and reliable transactions.
ConsenSys, 2021 November funding round in 200 million dollars closed with investment. However, investors 3.2 billion dollars has been valued.