Ethscriptions offer a cost-effective alternative to expensive smart contracts and centralized Layer 2 solutions. This protocol enables users to share information and perform computations directly on the Ethereum mainnet at significantly lower costs. It achieves this by utilizing Ethereum transaction call data and deterministic protocol rules to calculate state, bypassing traditional smart contract storage and execution. The primary aim is to provide affordable decentralized computation, primarily functioning as a cheaper NFT solution by storing data on-chain via transaction call data instead of relying on smart contracts.
Breaking news and market moves from our newsroom, first in Telegram.