menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Status (SN...
source image

Zycrypto

2d

read

15

img
dot

Image Credit: Zycrypto

Status (SNT) Launches World’s First Natively Gasless Layer 2 on Testnet, Built on Consensys’ Linea Stack

  • Status has launched the world's first natively gasless Layer 2 network on testnet, replacing sequencer fees with native yield and app revenues for seamless onboarding.
  • Built on Consensys' Linea stack, the zkEVM rollup aims to enhance Ethereum scalability and sustainability.
  • The network offers a revenue model eliminating transaction fees by funding builders and liquidity providers through bridged yield and native app fees.
  • Status Network's gasless design generates revenue through yield rather than gas, attracting more users and deposits to ensure sustained returns and benefits for the community.

Read Full Article

like

Like

For uninterrupted reading, download the app