Blockchain technology is driving a revolution in the digital economy. However, high gas fees remain one of the biggest obstacles to its widespread adoption. As a pioneer in modular blockchains, ME Network leverages innovative Rollup chains and modular chain architecture to effectively reduce transaction costs and enhance overall network efficiency, injecting new vitality into the Web3 ecosystem.
This article will delve into the root causes of high gas fees in traditional blockchains and demonstrate how our modular architecture addresses this industry’s pain point.
The Pain Point of Gas Fees
Gas fees are an essential mechanism in blockchain networks, required to compensate for the computational resources needed for transactions and smart contract execution while preventing network abuse. However, in traditional blockchains such as Ethereum, gas fees often fluctuate dramatically based on network demand. During peak periods, a single transaction can cost tens of dollars, significantly limiting the feasibility of low-value transactions and discouraging ordinary users from participating.
ME Network’s Modular Innovation
We are committed to solving this challenge. ME Network optimizes gas fees from the ground up through a modular design, offering users and developers a low-cost, high-efficiency blockchain experience. The core highlights of our technology include:
Rollup Chains: Batch Processing for Cost Efficiency
ME Network’s execution layer enables developers to customize Rollup chains, which submit transaction data to the Data Availability (DA) layer, while only posting state root information and DA commitments to the main chain (ME Hub). This design significantly reduces the load on ME Hub, enhancing transaction throughput (TPS) while lowering the gas cost per transaction. As a result, whether for simple transfers or complex smart contract interactions, users can enjoy fast and cost-effective services on ME Network.
High-Performance Chains: Reducing Congestion and Lowering Competition for Gas Fees
The primary cause of high gas fees is network congestion. In traditional blockchains, when transaction volumes surge, users often increase gas prices to gain transaction priority. ME Network breaks through this limitation with its modular architecture:
The execution layer is dedicated to high-efficiency transaction processing.Rollup chains distribute transaction loads.The Data Availability layer ensures secure data storage.The Settlement layer (ME Hub) only handles final transaction confirmations, reducing the burden of network-wide processing.
Through coordinated collaboration between these modules, ME Network significantly increases network throughput (TPS). This design ensures that transactions, whether on the main chain or Rollup chains, avoid long confirmation queues, and users no longer need to compete for priority, keeping gas fees at a reasonable level.
The Multifaceted Value of Modular Chains
ME Network’s modular architecture not only enhances network performance and reduces gas fees but also brings broader value to the Web3 ecosystem:
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Better User Experience Lower costs make microtransactions, such as daily payments, feasible, significantly lowering entry barriers for Web3 adoption.
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Accelerated Ecosystem Innovation Developers can utilize ME-SDK to quickly build low-cost, high-performance applications, bringing Web3 applications closer to real-world use cases and unlocking greater innovation potential.
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High TPS Unlocks Ecosystem Synergies A high transaction throughput (TPS) ensures seamless and smooth on-chain interactions, improving user experiences while fostering closer collaboration across the ecosystem.
Join Meta Earth and Embrace a Low-Cost Web3 Future
We believe that ME Network offers a revolutionary solution to the problem of high gas fees in traditional blockchains. Through modular architecture, we provide a high-efficiency, low-cost blockchain platform that enables Web3 projects to achieve their full potential.
We welcome developers to join the Meta Earth ecosystem and work with us to embrace a low-cost Web3 future, driving the continued growth of the digital economy.
About Meta Earth
Meta Earth (ME) is based on a modular, high-performance, infinitely scalable multi-dimensional fusion underlying value network — ME Network, which supports the high-concurrency big data processing needs of traditional industrial applications.
And through an encrypted DID (Decentralized Identifier) system — ME ID & ME Pass which can effectively protect user privacy data, and a co-construction & co-governance mechanism which can fully reflect personal sovereignty and equality for all, as well as an economic model which can guarantee UBI (Unconditional Basic Income) without any distinction, Meta Earth is fully dedicated to enhancing happiness for a better life and maintaining ecological balance to promote sustainability.
***If you want to receive more airdrops or rewards, please download the ME Pass and complete the KYC. See more on the poster! ***👇👇👇
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