Renamed as Aevo from its former identity as Ribbon Finance, this Ethereum Layer-2 application Blockchain rollup is specially designed to operate as a decentralized exchange with an order book system. Aevo makes use of OP Stack technology and partners with Conduit, a Rollup-As-A-Service (RaaS) provider, to oversee the management of rollup transactions. Transactions conducted on Aevo are organized, grouped together, and transmitted to the Ethereum network every hour with the assistance of Conduit. Within a two-hour time frame following the transaction, there exists a dispute period during which any contentious transactions can either be approved or declined. Subsequent to this brief dispute window, transactions are officially validated on the Ethereum platform. Users have the ability to transfer a variety of cryptocurrencies from Ethereum, Optimism, or Arbitrum to the Aevo Rollup, with the added benefit of zero gas fees on the Aevo Rollup. Stay updated on the latest technology news with the help of NEWSLINKER.
