What is Steel: The killer feature of Boundless, moving complex computations and processing off-chain to avoid the high costs and slow speeds of blockchain.
Allows developers to run tasks with Solidity code, saving 99.99% on Gas fees, and enabling rapid application scaling without worrying about infrastructure.
Steel is about to launch on the mainnet, and the $ZKC token is the highlight, driving ecosystem development.
For example, Steel allows developers to run Solidity contracts, saving 99.99% on Gas fees, similar to Arbitrum moving calculations off-chain, but at a lower cost.
In reality, platforms like Uniswap use Layer 2 to optimize transactions, and this time Steel can build complex dApps, such as DeFi yield strategies or NFT marketplaces.
Previously, Polygon expanded through sidechains; after integrating with the mainnet, Steel may be like Polygon but more flexible, with the $ZKC token driving the ecosystem, akin to the role of ETH in Ethereum.