Blockchain News

Consensys Develops Rollups Scaling Solution With Mastercard’s Support

Consensys, an Ethereum software company, launches a Consensys Rollups. So, it’s a ZK-proof-based scaling solution for Ethereum-based networks.
More so, The company plans that this initiative will receive the support of Mastercard’s engineering team. Of course, which is part of the designers of the solution.

So, the Consensys Rollups solution can be used on enterprise-focused protocol platforms like Quorum, or directly on Ethereum.
Notably, Quorum is a Consensys-acquired, JPMorgan-developed protocol layer. Of course, it gives companies access to release their apps in a secure environment like Ethereum.

More so, Consensys explains.

“[The goal is] to provide enterprise-grade scalability to leading financial organizations…”
“and others, addressing the key challenge of scalable applications on the Quorum tech-stack.”

Lastly The implementation of this scaling solution will potentially permit networks to process up to 10,000 TPS. Which of course, is over the number of transactions on Ethereum Layer 1 (L1) now.
Furthermore, This development is coming after the partnership between Mastercard and Consensys in April. Finally, As it concerns combining their expertise to develop Quorum-solutions.

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