Authereum will use StarkWare’s Layer 2 solution to reduce on-chain transaction fees

Smart contract wallet Authereum announced that it will no longer subsidize users’ on-chain transaction fees from August, and users need to pay the transfer fees themselves. It was also announced that Authereum will integrate StarkWare’s Layer 2 solution, which is expected to reach a transaction speed of 3,000 transactions per second and a fee of 315 gas per transaction (the gas consumption of ordinary transfers is 21,000).