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top-crypto-news Ethereum

OpenSea announces it will migrate its operations to Seaport protocol

June 14, 2022
Reading Time: 3 mins read
0

According to OpenSea, the implementation of Seaport implica mejoras operativas para la plataforma y una reducción importante para las tasas de GAS a term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch DApps in the Ethereum network. It is the “fuel” of the Ethereum network. *see Gas Limit and Gas Price. that users pay for their operations.

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***

  • OpenSea will migrate to the Seaport.
  • Esto implicará un 35% menos en tarifas de GAS for users.
  • It will also allow OpenSea implement new products and improvements.

OpenSea, the market an area or arena, online or offline, in which commercial dealings are conducted. for the trade of NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. with the largest trading volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. in the market, announced today that it will migrate its operations to Seaport, the web3 protocol designed for the purchase and sale of open source digital digital technologies are these electronic tools that have the ability to generate, store or even process data. collectibles, which would bring operational improvements for both the platform a place to buy, sell and store cryptocurrency and the users.

OpenSea announces migration to protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. Seaport

De acuerdo con información publicada por el equipo de OpenSea, among the improvements it offers Seaport is the fact that it is a decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. protocol and a modern base to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. the process of creating new features.

In addition to the above, OpenSea resaltó los siguientes beneficios:

  • Costs of GAS significantly lower, which are estimated to be 35% below the usual rates.
  • The ability to bid on entire collections or multiple items with specific attributes (traits).
  • New users of OpenSea would no longer have to pay a fee to open an account. This is thanks to the implementation of a proxy system that addresses this problem.
  • Signatures for users to confirm actions through their respective wallets will be much easier to read and understand.

Si bien esto no significa que OpenSea deje de operar sobre la red de Ethereum, la implementación de Seaport ayudará mucho a mejorar la experiencia para los operadores y para el equipo responsable del servicio, repercutiendo positivamente sobre el margen de gastos que asume el usuario final.

Regarding the latter we read:

“[User] Will save approximately 35% in GAS fees for transactions using Seaport. According to data published last year that would amount to over USD $460 million in total savings (138,000 ETH)! In addition, new users will not have to pay a one-time setup fee (proxy implementation) to use OpenSea. By eliminating the latter, the community will be able to save almost USD $120 million each year (approx. 35,000 ETH).

The disadvantages involved Ethereum a decentralized open-source blockchain with smart contracts functionality.

The announcement by OpenSea comes to place amidst expectations about the upcoming update for the network’s Ethereum, better known asThe Merge, which will implement the expected operational change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. that involves starting to use Proof-of-Stake poS is a type of consensus algorithm that rewards validators according to the amount of crypto they have staked. (PoS) to process transaction blocks.

This would significantly improve aspects such as the scalability of the network a network refers to all nodes in the operation of a blockchain at any given moment in time. and would imply a significant reduction in transaction costs. (GAS). For now, The Merge has already been implemented in the test network. Ropsten, and is expected to be available on mainnet an independent blockchain running its own network with its own technology and protocol. in the not too distant future.

For now, the network continues to face the same operational problems that have already been reported in times of heavy congestion, which has caused several projects to look for options in second-layer solutions such as Polygon, Arbitrum, Loopring, or the already known Rollups. There are also the alternatives presented by other projects such as Avalanche, Cardano, Polkadot y Solana, networks that appear as an interesting option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. for protocols that opt for other ecosystems. Blockchain.

Let’s keep in mind that the situation with Ethereum even led Yuga Labs, the team responsible for the collection of the NFT’s Bored Ape Yacht Club and token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. ApeCoin, to migrate the latter to a proprietary network in order to solve the problems associated with the operations on Ethereum. However, the community voted to keep the project on the grid, so other solutions will be considered to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. the issues involved.


  • Voting concludes: Community decides ApeCoin stays on Ethereum network
  • U.S. Authorities Charge Former OpenSea Member with Trafficking in Information for NFT Trade
  • OpenSea warns about phishing when a scammer pretends to be a trusted institution or person to trick people into revealing sensitive information such as Social Security numbers, passwords, banking details, etc., often through a malware link disguised as legitimate. attack through its official group on Discord discord is a web-based communication tool or application primarily built to enable communication between gamers.

Source: Cointelegraph , OpenSea

Version by Angel Di Matteo / DiarioBitcoin

Imagen de Unsplash

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