ConsenSys Collaborates With Mastercard on New Ethereum Scaling Solution

Posted on by American Coins & Gold

ConsenSys Collaborates With Mastercard on New Ethereum Scaling Solution
Ethereum software firm ConsenSys has launched “ConsenSys Rollups” with the help of Mastercard’s engineering team for scalability on both the Ethereum Mainnet and for private use, according to a statement Thursday.“ConsenSys Rollups is an innovative modular software solution for permissioned blockchain applications focused on providing scalability and privacy capabilities that can be connected to any Ethereum Virtual Machine (EVM)compatible blockchain,” according to the statement.ConsenSys also said solutions built using Rollups can reach a throughput of up to 10,000 transactions per second (TPS) on a private chain, compared to only 300 TPS on private chains without Rollups and 15 TPS on…