New service for the resumption of stuck operations implemented by the Ethereum system

Date of publication: 2020-06-30

Blockchain Startup Rockside, located in Paris, demonstrated new software with a free version, with which it is possible to free mempool from operations that were not confirmed by miners due to the low cost of the commission.
The company intends to make DeFi projects its clients. In these projects, "stuck" operations are the cause of system and protocol failures.
According to the director of Rockside, Mr. Corentin Dene, starting from the end of 2019, the number of companies working on applications on the blockchain has been regularly increasing. Many have millions of clients, as well as millions of dollars in assets. And in such a situation, you cannot lose a single “frozen” operation.
The service is configured in such a way that the value of the commission of the transaction is determined automatically for each client. In the event that a large number of transactions are carried out simultaneously with a sufficiently high commission, then there is automatic financing of transactions with a certain number of gases. This process makes the transaction faster and cheaper.
The technology of this service takes into account several additional characteristics:
    • the ability to use non-custodial wallets;
    • automation of gas charging;
    • guaranteed and without delay confirmation (validation) of payment transactions;
    • availability of a special function for identifying a customer-gas payer in meta or “gasless” operations;
    • the ability to send transactions as a whole batch.
The Rockside service also offers to carry out "gas-free" operations through the API address. In these operations, gases are used that are provided according to the DeFi protocol and it also covers the customers expenses for gases by interacting with the blockchain base.
Customers who make a small number of operations, namely less than a hundred, Startup serves free of charge. And to promote its project, the company offers zero commission to customers who have completed the first hundred payment transactions.
The development by Rockside of a special service for relaying operations was necessary due to a problem in the process of scaling the Ethereum system, since in the process of introducing the Defi segment, as well as the increased popularity of the Ponzi investment pyramid (like the MMM scheme), the cost of gas increased significantly.
According to Bitinfocharts, the average (median) commission for the last three months of this year has increased by about 7 times and amounted to $ 0.266 (previously $ 0.0394). At the same time, according to Gwei, the amount of gas used remains high and exceeds the level of seventy million.
Miners who work with the Ethereum system have recently heavily loaded the system with payment transactions with relatively small amounts. At the same time, Mr. Max Bronstein, an analyst at Coinbase, explained that the increase in the average commission was due to the sharp demand for stablecoins.



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