Ethereum gas fees can get expensive, so expensive in fact, it can be difficult to even use the blockchain. Sometimes the fees to pay for a transaction are more expensive than the asset you’re creating or purchasing, and that just doesn’t seem right.
However, what if there was a way to reduce these fees and increase transaction efficiency? Well, now there is using rollups!
A rollup takes multiple Ethereum transactions and rolls them up into a single piece of data before submitting them all to the blockchain. This saves space, increases transaction speed, and reduces the cost to transact.
Before we get into the technicalities, let's talk about how the Ethereum blockchain works, and the different types of rollups.