Zerion Wallet launches L2 public chain ZERO Network! How will zero handling fees be achieved?

This site (120bTC.coM): Zerion Wallet will launch the zero-fee public chain ZERO Network, which is planned to be launched at the end of the second quarter or the beginning of the third quarter this year.

Zerion Public Chain ZERO Network

According to The Block, the veteran one-stop wallet Zerion is developing its own two-layer public chain ZERO Network based on Rollup. As its name suggests, ZERO means that it will be A zero-fee public chain.

Although Ethereum has completed the Cancun upgrade and the fees on major L2 chains have dropped sharply. For example, the cost of the Optimism mainnet has been lower than $0.001, this still means that L2 will still have on-chain fees.

In this regard, Zerion plans to use subsidies to achieve zero handling fees and further improve user experience.

Zerion co-founder Evgeny Yurtaev said: In the end we discovered that fees should not exist for end users. For anyone entering the blockchain field, paying on-chain fees is a huge step. Shocking and unfamiliar. Our current assumption is that millions of transactions can be sponsored with tens of thousands of dollars, and in the first year we expect the subsidized fee figure to be even lower.

Zerion: The expected economic effect is greater than the subsidy fee

Zerion expects that having its own L2 network will further increase the visibility of its wallet and bring in additional revenue, which will ultimately justify the subsidy fee of.

Evgeny Yurtaev said: This can attract new wallet users, who may eventually pay fees through other applications or when signing up for a premium service. For example, you can transfer some USDC to a friend for free, and your friend can start interacting with all the different Dapps on the ZERO Network, which should create network effects for the wallet itself.

However, free services usually lead to spam. Zerion will check the interaction between user wallets and transactions after the ZERO Network is officially launched. When it is determined to be spam, it will not subsidize the fee and the user will pay it by himself.

Zerion also plans to work with dapp developers to share the cost of subsidized transactions. Dapps will be able to pay users on the network.

When asked about technical specifications such as EVM compatibility and those Dapps it will cooperate with on subsidy fees in the future, Zerion declined to comment.

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