The Wibson team released a Batch Payment technology that benefits the blockchain community as it reduces transaction and operational costs that can improve the economic viability of hundreds of Ethereum-based projects.
One of the greatest challenges for the viability and scaling of blockchain networks is managing the costs of “gas”, the payments that receive third parties for the verification of the smart contracts transactions.
To solve this problem, Wibson -a blockchain-based platform that provides individuals a way to sell their data- released its Batch Payment code, a new Ethereum blockchain protocol that reduces the transaction costs up to 99% and allows not only Wibson but other hundreds of Ethereum-based projects to exponentially scale.
The batch payment code bundles a large number of ERC-20 token operations into a single batch of transactions allowing to reduce the gas cost by 99%. Wibson started using this technology two weeks ago and they have already seen good results. Read More at AMBCrypto...