The gas fees almost negligible
⛽️🙅♂️There are a number of strategies that can be utilized in order to solve the scalability issues which will make the gas fees almost negligible
🔸Scheduling transaction times:
Ethereum gas prices are known to fluctuate within the day, there are certain times during the day when gas prices are likely to be considerably lower. One way of lowering gas fees would be to take stock of these times and target them when making transactions.
🔸Using stable off-chain payment networks:
Multiple off-chain payment channels are working to develop a payment solution that allows for instant transaction approvals in seconds by lowest fee through its share gas system. This is done by charging a nominal fee proportional to the payment amount.
🔸Relayer infrastructure:
Plena Finance will be using Biconomy’s relayers to provide its users with hassle free blockchain interaction and seamless user experience. A third party relayer removes the complexities by managing the transaction, paying the gas and, finally completing the transaction by sending it to a receiving address.
With Plena users will be able to perform multiple actions with just a tap.This is where gasless meta-transactions come into play. Meta transactions take things a step forward by allowing different users to transact on the public blockchain with zero transaction fees
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