| ANDRÉS KÜHNEL
The mass adoption of blockchain is driven by technologies that facilitate the interaction between traditional finance and the crypto ecosystem, such as gasless transactions and fiat on-ramps.
One of the biggest challenges to blockchain adoption is gas fees, a key concept in the operation of decentralized networks like Ethereum. “Gas” refers to the cost that users must pay to execute operations on a blockchain, such as transferring assets or interacting with smart contracts. This cost covers the computing power needed to process and validate transactions. Gas rates vary depending on network congestion: during times of high demand, rates can skyrocket, making operating on blockchain expensive for users. At DAppsFactory, we have developed a solution to remove this barrier: gasless transactions. This technology allows users to make transactions without having to pay gas fees. This improvement in user experience significantly reduces the barriers to entry for interacting with the blockchain, especially in real-world asset (RWA) tokenization.
The ERC-3643 standard guarantees that transactions, in addition to being safe and regulated, can be gasless, eliminating the frictions associated with high gas costs. It is designed to operate in a regulated environment, complying with regulations such as KYC (Know Your Customer) and AML (Anti-Money Laundering). This is crucial in sectors such as real estate and finance, where transaction volumes are high and high efficiency along with regulatory compliance is required.
With our gasless technology applied to this standard, we make it easier for companies and users to interact with the blockchain in a more fluid and profitable way, accelerating the adoption of these technologies and leading the evolution towards a more accessible blockchain ecosystem.
Fiat On-Ramps:Facilitating Entry into the Crypto World
On the other hand, fiat on-ramps play a crucial role in the blockchain ecosystem, since they allow fiat currencies (such as the dollar or euro) to be converted into cryptocurrencies. These services act as bridges between traditional financial systems and decentralized platforms. Without the ability to convert fiat money into cryptoassets, access to the digital economy would be limited for most users.
In recent years, specialized platforms have emerged, allowing people to buy cryptocurrencies using credit cards, bank transfers and other traditional methods. These solutions are designed to comply with international AML and KYC regulations, allowing traditional financial institutions to interact with the crypto world more securely.
These tools are essential not only for end users, but also for companies that want to integrate crypto payments into their platforms without taking on the risks associated with financial regulations. By combining the capabilities of fiat on-ramps with gasless transactions, we can offer a seamless and profitable experience, accelerating the adoption of decentralized technologies globally.
In summary, both gasless transactions and fiat on-ramps are breaking historical barriers in the blockchain ecosystem, allowing more efficient and economical access to the crypto economy and fostering a greater adoption by both users and companies.
