Aave will launch solution for the high transaction fees of the Ethereum network

Aave will launch solution for the high transaction fees of the Ethereum network

By Simplify Crypto | Simplify Crypto | 3 Apr 2021


The DeFi Aave platform has developed a second layer solution for Ethereum Polygon.

With the project underway, Aave intends to solve the problem of congestion and high rates on the Ethereum network.

The announcement was made in an article on the Polygon Developer Blog on Medium page.

Aave will use a system of scalable sidechains (or side chains) with a second layer to reduce high transaction rates on the Ethereum network.

For this, a smart contract bridge under development will be used that will allow assets to be transferred directly from one network to another.

The Aave protocol has developed a lot and already has more than US $ 5 billion in cryptocurrencies in staking.

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Simplify Crypto
Simplify Crypto

Trying to help people to understand the crypto world from the basic concepts to the crypto projects purpose. My articles are publish in Publish0x and Hive

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