Key Takeaways
- Metis is developing a Hybrid Rollup to address the pain points of Optimistic and ZK Rollups.
- The Hybrid Rollup aims to combine the speed of Optimistic Rollups with the security of Zero Knowledge Proofs to improve transaction confirmation and finalization speeds.
- Metis is striving to become the first Optimistic Rollup to reduce withdrawal times from seven days to approximately four hours, which could substantially reduce transaction and withdrawal wait times for users.
- By developing this technology, Metis aims to accelerate the adoption of blockchain technology and ultimately empower the Web3 economy.
Metis, an organisation that aims to build a decentralised Layer 2 infrastructure for the Web3 economy, has revealed the development of its Hybrid Rollup at ETH Denver. The platform combines the speed of Optimistic Rollups with the security of Zero Knowledge Proofs to increase transaction confirmation and finalisation speeds.
Rollup solutions eliminate high gas fees and low throughput, which are crucial for scalability, but they suffer from several issues, including delays in transaction finality, slow withdrawal speeds and high computing power.
Metis is working on becoming the first-ever Optimistic Rollup to reduce the time for transaction and withdrawal waits from seven days to four hours. The Metis Stack, which includes the Reputation Power System and the Decentralised Autonomous Company Framework, is built to scale Ethereum and facilitate infrastructure development.
When using Metis, users’ transactions are secured by Ethereum mainnet while inheriting the underlying benefits of Ethereum.
Yuan Su, CTO of Metis, stated that the research has the potential to significantly reduce transaction and withdrawal wait times for users.
Elena Sinelnikova, CEO of Metis, added that the organisation is continuously exploring new techniques to scale the blockchain ecosystem and accelerate the digital asset economy owned by people worldwide.
The Hybrid Rollup is the latest advancement in the blockchain ecosystem, and Metis is among the organisations trying to evolve rollups to alleviate pain points. Metis is committed to empowering blockchain users with platforms that meet their needs, free them from bottlenecks and accelerate the adoption of blockchain technology.
The Hybrid Rollup will potentially offer an ideal environment for infrastructure development, day-to-day businesses, and open collaboration.