As more and more people have begun using blockchain, Layer 1 network can easily reach certain capacity limitations. The limited transaction throughput of Layer 1 means that as more users and applications join the network, the time it takes to confirm transactions and add them to the blockchain increases. This results in longer wait times and higher transaction fees, making it impractical for the network to handle a large volume of transactions and better user experiences(especially for small amounts transactions, and web3 games).
The high transaction fees and slow transaction speeds of Layer 1 blockchains create a barrier to entry for the mass adoption of blockchain technology. This is because they make it difficult for the blockchain to compete with traditional payment systems and other centralized platforms that offer faster and cheaper transaction processing. Good blockchain scaling solutions can help to provide web3 users with lower gas fees and faster transactions finality while keeping transactions secure. Developer communities have researched, tested, and implemented different approaches to achieve scaling goals.
Web3 builders and professionals have already realized that an off-chain scaling solution is a must for mass adoption, at least for the mid-term future. However, the learning curve and complexity of running a rollups solution require a professional team to build, set up, and maintain the chain, which is very expensive and time-consuming.
Rollups as a Service(RaaS) has become popular because it provides a way for businesses to easily access the benefits of rollups chains without having to build and maintain their own blockchain infrastructure. RaaS is a cloud-based service that enables users to create, manage, and deploy layer 2 applications on a platform provided by a professional service provider.
Here are some reasons why RaaS has become popular:
Cost-effective: Setting up and maintaining a blockchain infrastructure can be expensive, time-consuming, and resource-intensive. RaaS providers offer affordable pricing models that allow businesses to use the layer 2 technology without the significant upfront costs and ongoing maintenance.
Scalability: RaaS providers offer scalable and one-stop solutions that can handle a large volume of transactions and users. This is especially important for businesses that expect rapid growth or fluctuations in demand.
Flexibility: RaaS providers offer flexibility in terms of blockchain protocols. This enables businesses to choose the technology that best suits their needs and requirements.
Security: RaaS providers offer built-in security measures that ensure the integrity and confidentiality of blockchain data. This includes encryption, multi-factor authentication, and access controls.
Ease of use: RaaS providers offer user-friendly interfaces and tools that make it easy for businesses to create, manage, and deploy applications. This means that businesses can focus on developing their applications rather than worrying about the underlying infrastructure.
An Optimistic Rollups as a Service (ORaaS) solution is a cloud-based service that provides you with access to a NodeReal Modular Optimistic Rollups (OR) network without requiring you to set up and manage your own node infrastructure. All nodes are setup and maintained by NodeReal professional blockchain experts.
The NodeReal Semita Optimistic Rollups chain is a Layer-2 scaling solution for multiple blockchains like BSC, ETH, and Polygon that enables high throughput, low fees, and fast confirmation times by processing transactions off-chain and committing a batch of them on-chain. ORaaS solutions enable developers and businesses to leverage the benefits of Optimistic Rollups technology without the complexities and costs associated with running their own nodes.
With an ORaaS solution, users can interact with the OR network using APIs, SDKs, and other developer tools to build decentralized applications and smart contracts. ORaaS providers handle the node infrastructure, security, and maintenance of the OR network, freeing developers and businesses to focus on building their applications.
ORaaS solutions can help accelerate the adoption of Optimistic Rollups technology by making it more accessible and easier to use for a wider range of developers and businesses.
Not only the chain itself, but NodeReal Semita Optimistic Rollups solution is also a one-stop solution, that includes the high speed and scalable RPC service, enhanced API, fast data indexing, and native explorer that supports developers and users to deposit and withdraw assets to the layer 2 networks.
Updated 7 months ago