Reduce Operating Costs
Leverage leaner transactions, network fee optimisations and automation to reduce operating costs.
Benefit from leaner transactions
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.
|Signature (BTC)||Transaction Size (Legacy)|
|Single Signature||226 vbytes|
|2-of-3 MultiSig||369 vbytes|
|Single vs MultiSig||63% leaner|
|Transaction (ETH)||Gas Used|
|Standard vs Smart Contract||76% less|
Source: Gnosis MultiSig Transaction
Save big on gas
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.
Further cut network fees
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% .
*Data based on the business’s own internal analysis. Results may not be typical and may vary substantially by business.
Unlock revenue growth
Reduce operating costs