Zerion's Layer 2 network is aiming for zero-cost transactions

Zerion is developing the ZERO Network, an Ethereum-based Layer 2 network, with a launch aimed for late Q2 or early Q3 this year. This network's hallmark feature is its zero-fee structure, which Zerion believes will ease new users' entry into crypto. Although initially costly for Zerion, the expense of subsidizing these free transactions is expected to decrease as transaction fee technologies evolve. Recent developments like blobs have significantly reduced fees on Layer 2 networks already. The strategy behind the ZERO Network is not just altruistic; Zerion anticipates that this move will boost their wallet's popularity and user base, potentially driving revenue through other channels such as app swaps and premium services. Despite concerns about potential spam, Zerion plans to manage it by scrutinizing transactions and not subsidizing those deemed as spam, though users can still process these at their own cost. Additionally, Zerion is exploring partnerships with dapp developers to share the burden of transaction subsidies. Technical details of the EVM-compatible network are still under wraps, as Zerion continues to finalize partnerships and infrastructure aspects.