Reduce Operating Costs

Substantially cut costs on network fees with leaner transactions.

For blockchains like Bitcoin and its forks, when compared with traditional multi-signature solutions, THRESH0LD could help your business save up to 63% on transaction size and network fees.

By leveraging threshold cryptography in its core and decoupling transaction approval from signature, our platform delivers the best of both worlds:

• secure multi-user (m-of-n) transaction approvals,
• secure & cost-efficient transaction signatures.

Source: Techniques to reduce transaction fees

Source: Gnosis MultiSig Transaction

For blockchains like Ethereum, our platform does not rely on smart contracts to deliver multi-user (m-of-n) transaction approvals. Because we’ve decoupled approval from signature, all transactions cost a standard 21,000 gas units in network processing fees,

In contrast, using multi-signature smart contracts introduce several superfluous network fees including but not limited to:

• deployment fee: ~ 1 million gas units
• contract execution fees: ~ 88,500 gas units

Switch to THRESH0LD and enjoy a saving of 320% in gas on all ETH and ERC transactions.

Aside from leaner and more cost-effective transactions, further cut your network fees by:

• Grouping up to 650 UTXOs per transaction (BTC and forks)
• Specifying the exact network fee to pay for each transaction
• Scheduling transactions for times when networks are less congested

By leveraging these techniques, you could save up to 80%* in network fees.

Just 3 months after integrating THRESH0LD, digital exchange Busha cut network fees by 80% .

Read the Busha story

*Data based on the business’s own internal analysis. Results may not be typical and may vary substantially by business.