IDEX Claims Creation of ‘Infinite Scaling Solution for Ethereum’
Adrian Zmudzinski's original article for cointelegraph.com reduced by 73%
IDEX, the decentralized exchange responsible for over 40% of all DEX transactions, claims to have created an "Infinite scaling solution" for the Ethereum network. In an email sent to Cointelegraph, IDEX claims that its system, dubbed Optimized Optimistic Rollups, reaches block finality in 10 minutes. Rollup solutions scale by moving computation off-chain and pushing result to the network later.
Both O2Rs and ORs ensure data legitimacy by having validators analyze the data published on-chain. The difference between the two protocols is that O2Rs only publish the data off-chain unless a validator triggers a data availability check. IDEX CEO Alex Wearn suggested in a tweet published on Nov.
6 that point of sale payment systems could use O2Rs in a scalable non-custodial payments service "That can match the throughput of Visa." He also suggested that the solution would allow for free, instantaneous transfers of video game assets digitized as non-fungible tokens. As Cointelegraph reported earlier today, the EOS blockchain is currently congested by the EIDOS token airdrop.
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