Home
News
The Ethereum upgrade, EIP-4844, also known as proto-danksharding, aimed at reducing gas fees, is a great driving force for Synthetix Network (SNX), Optimism (OP), and Borroe ($ROE).
Ethereum Upgrade Fueling $ROE Demand
The Ethereum Improvement Proposal (EIP) is a protocol that allows improvements to be introduced to Ethereum. Developers use EIPs to propose new features and solutions for the Ethereum protocol.
Transaction fees on layer 1 are high, and there is a need for a significant reduction. While some networks provide lower fees than Ethereum’s L1, they remain too expensive for many users. Data sharding seemed like the long-term solution, but implementing and deploying would take much time.
EIP-4844 makes a difference by providing a stop-gap solution for support by implementing the transaction format that would be used, though not actually sharding the transactions.
The data from the transaction format is part of the beacon chain and is downloaded by the consensus nodes. EIP-4844 reduces the cap on the number of transactions that can be included.
This upgrade is expected to not only help users but also significantly affect altcoins, attracting investors to interact with L2 chains. Signs are already evident in SNX and OP.
The EIP-4844 has served to drive altcoins, with special emphasis on SNX and OP. In July 2023, SNX and OP saw weekly price growth as high as 35% and 30%, respectively. The daily timeframes saw them go up by 5% and 10%, respectively.
Experts predicted that the EIP-4844 would bring about surging investor interest and active interactions with L2 chains. This has proven true for Synthetix and Optimism. It is also proving true for the emerging token, $ROE.
The $ROE Token
Altcoins on L2 chains are gaining attraction, but another reason the Borroe Finance project is a crypto to watch is because of what it is offering.
Borroe has created a marketplace that brings together small businesses and investors. In this innovative space, these Web3 businesses get the opportunity to access upfront cash based on their future recurring revenues.
It helps both the investor and the business; the business has a low access barrier to the needed funds, and the investor gets to earn higher returns than the traditional investment option might offer.
Presently in the first stage of its presale after a successful beta stage, Borroe ($ROE) is evidently not all talk, as its growing history reveals. The choice of team members tells a story.
The Borroe Team and Audit Report
With Maxim Prishchepo as the Blockchain Lead and Michael Price as the Chief Product Officer, the project is in good hands.
Maxim is highly skilled in IT strategy, blockchain, and DeFi and employs his extensive experience with Blockchain and AI development services to build Borroe Finance into what it promises to be.
Michael has over 25 years of hands-on experience in the financial services, payment, fintech, and crypto sectors. Having been at the forefront of the different products that run these sectors, Michael is set to apply his knowledge to $ROE.
The collective knowledge base of Maxim and Michael informed their invitation to BlockAudit to carry out an audit of Borroe’s ($ROE) smart contract.
Made up of professionals who are dedicated to delivering authentic and exceptional smart contract auditing, BlockAudit’s report also reveals a lot about projects. In the recently concluded audit of Borroe Finance’s smart contract, the project was certified secure and worthy of its ongoing successful presale.
In the coming months, the EIP-4844 will definitely be a determining factor in the attention altcoins are set to attract. As SNX, OP, and other tokens ride on this upgrade, $ROE has more than the proto-danksharding upgrade to thank for its growing popularity.
Addressing a challenge faced by Web3 businesses, Borroe Finance has carved a space of relevance and usefulness for $ROE, which has pumped the live presale. The presale is approaching 40 million in $ROE sold at the time of writing!
Learn more about Borroe ($ROE) here:
Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encourag to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsor post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
