Over the past year, Ethereum has seen a surge of activity thanks to the rise of decentralized finance, of DeFi apps on the network. While the increase has catapulted Ethereum to new heights, activities like token swapping, yield farming, and trading have led to congestion. Ultimately the congestion leads to slower transaction times and higher costs, making it difficult for developers, users, and projects alike to contribute to the network.
To address these issues, EdgeSwap has four distinct components and capabilities to bring high scalability, outperformance, and more security to users and developers in the Ethereum ecosystem:
- Layer 2 payment & AMM system. Built on Ethereum Layer 2, the AMM payment system focuses on liquidity pool, swaps, etc. while providing second-level confirmation and zero gas fees.
- Top-level layer 1 and layer 2 Interactive Systems. By upgrading the ZK Rollup solution, EdgeSwap can realize withdrawals in as fast as a few minutes. Transferring from layer 2 to layer 1 is three to five times faster, and gas fees are reduced by 98%.
- Decentralized farming on layer 2. Users can stake and earn rewards on layer 2 by optimizing the execution environment and proof of circuit environment.
- Emergency data recovery & asset extraction capability. When layer 2 fails, users can obtain data from the contract's transaction records to restore the layer 2 state tree and generate a certificate to retrieve the funds.