π‘Layer 2 for stakers
Layer 2 enhances scalability, directs transaction fees to stakers, reducing costs, and ensuring a seamless user experience within Onno.
Last updated
Layer 2 enhances scalability, directs transaction fees to stakers, reducing costs, and ensuring a seamless user experience within Onno.
Last updated
Onno Vault implements a Layer 2 solution, optimizing scalability and transaction throughput. This technology ensures faster transaction processing, reduced congestion, and minimized fees within the network.
Key Points:
1. Enhanced Scalability and Throughput
The Layer 2 solution significantly improves the network's scalability, enabling a higher throughput of transactions without compromising speed or security.
2. Automatic Fee Allocation to Stakers
Transaction fees within the Onno network are automatically directed to stakers, incentivizing their participation and contribution to the network's security and stability.
3. Reduced Transaction Costs
Utilizing Layer 2 technology minimizes transaction costs, making the network more cost-effective and efficient for users engaging in transactions or staking activities.
4. Enhanced User Experience
By implementing this solution, Onno Vault aims to enhance the overall user experience by ensuring faster, more affordable transactions while empowering stakers within the ecosystem.
This Layer 2 solution signifies Onno Vault's commitment to innovation and sustainability within the blockchain landscape.
Fee Type | Allocation |
---|---|
Transaction Fees
Automatically directed to stakers
Staking Fees
Retained to reward stakers
Network Fees
Enhance network security and stability