What is Caldera (ERA)?
Caldera (ERA) is the official token of the Caldera ecological blockchain system – a platform offering Rollup-as-a-Service for Ethereum. ERA tokens are used to pay transaction fees and support the deployment of scalable solutions for decentralized applications (dApps).
ERA Token – A multi-purpose solution in the Caldera ecosystem.
The ERA token integrates flexibly into many aspects of the platform:
Reducing transaction costs: Using ERA to pay fees on Caldera helps improve costs, significantly increasing transaction processing speed.
How does Caldera (ERA) work?
Caldera (ERA) operates based on scaling technology, which is a scaling solution for Ethereum that bundles transactions together and processes them off the main chain. This process helps alleviate the load on the main network and speeds up transaction processing. Specifically, Caldera (ERA) follows these steps:
Merging transactions: Transactions are merged into small batches and processed off-chain.
Off-chain verification: These transactions are then verified on a separate network to ensure high security and reliability.
Recording on the main network: Once verified, transactions are recorded on the Ethereum main chain to ensure integrity and transparency.
This process reduces transaction fees and improves processing speed, creating a fast and efficient environment for decentralized applications.