NEAR’s Roketo releases smart contract with unlimited streaming

Roketo, a real-time finance streaming solution built on the NEAR Protocol (NEAR/USD), has announced the release of the new version of its smart contract. It enables users to operate an unlimited number of streams, Invezz learned from a press release.

A major technical update to meet demand

Following the September 2021 NEAR MetaBUIDL Hackathon, Roketo quickly became a popular B2B instant payment solution with over 5,000 users and 7,000 streams in a short period of time. To serve the demand of Roketo’s current client base and expand further, the company made a major technical update to the system.


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Optimizes memory and improves stability

This new version of Roketo’s smart contract optimizes memory operations and enhances the platform’s stability while minimizing gas costs despite mass streaming. As a result of the new contract, clients can seamlessly run hundreds of thousands of crypto streams with minimal gas costs and an average fee of less than $1.

Crypto streaming is an incredibly helpful tool for payments, such as payroll. All you need to do is set the amount to be transferred.

Roketo’s CTO Vasilisa Versus said:

The release of the new smart contract is groundwork for further product development and company scaling. Now we can provide our customers with a stable environment for recurrent payments and ensure regular bi-weekly updates will include new integrations and important features.

As well as the new version of the smart contract, Roketo has released instant in-app notifications about stream statuses. This is another big step for the platform towards becoming a new form of recurrent payment widely used for payroll.

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Source: https://invezz.com/news/2022/05/16/nears-roketo-releases-smart-contract-with-unlimited-streaming/