13.11.2024
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When you use blockchain apps or send cryptocurrencies, you often have to pay something called "transaction fees." These fees help the network process your transaction and keep everything running smoothly. But sometimes, managing these fees can feel tricky. That’s where Tsuko comes in to make things easier.
This guide will explain what transaction fees are, why they matter, and how Tsuko helps you handle them better.
Let's get started!
Transaction or gas fees are a necessary part of any blockchain network. They compensate miners or validators for processing and validating transactions. However, high and unpredictable fees can create barriers to user adoption, especially for new users unfamiliar with blockchain costs.
According to Statista, Ethereum’s average transaction fee surged to nearly $70 in 2021, reflecting the burden of fee management on users and developers.
Tsuko is a fee management tool specifically designed for the ZKsync network. It simplifies managing and automating gas fees by allowing developers and users to create customizable paymasters. These paymasters cover transaction fees on behalf of users, creating a smoother, “gasless” transaction experience.
With Tsuko’s intuitive interface and no-code setup, non-technical users can establish and manage paymasters. Extensions allow new functionalities to be added to paymasters easily without rewriting code.
Tsuko offers several advantages that make transaction fee management efficient and user-friendly:
1. Automated Payments: No need to maintain a balance in native cryptocurrency like ETH. Tsuko automates fee payments, creating a seamless experience.
2. Gasless Transactions: Users no longer need to worry about covering gas fees, enhancing usability.
1. Lower Costs: Pay gas fees with ERC20 tokens, potentially saving costs compared to native tokens like ETH.
2. Sponsored Transactions: Businesses can cover user fees, enhancing customer experience and retention.
1. Flexible Payment Options: Users can pay fees with ERC20 tokens, like USDC, making transactions smoother.
2. No Coding Required: Tsuko’s interface allows anyone to set up paymasters, regardless of technical skills.
1. Track Transactions in Real-Time: Tsuko’s dashboard instantly updates transaction activity and spending, aiding decision-making.
2. Optimization Opportunities: With detailed insights, users can fine-tune their operations to minimize costs and maximize efficiency.
Tsuko offers two main types of paymasters to cater to different needs.
Sponsored Paymasters pay gas fees on behalf of the user. This is ideal for applications that enhance user experience by covering transaction fees. Companies can encourage users by reducing friction related to gas costs.
Example: A game on ZKsync use a Sponsored Paymaster to cover all fees for players, making the gameplay experience frictionless.
ERC20 Paymasters allow users to pay gas fees with specific ERC20 tokens instead of the native cryptocurrency like ETH. This flexibility benefits users with ERC20 tokens in their wallets, reducing the need to acquire ETH.
Example: An e-commerce dApp allow users to pay fees with USDC, which is more stable than ETH, providing a predictable fee structure.
Setting up a paymaster in Tsuko is a quick and straightforward process. Check out our Tsuko Guide to Paymaster Creation for a more detailed guide.
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Extensions are a unique feature of Tsuko that allows for further customization of paymasters without coding. Extensions can be set up to whitelist users, restrict transactions, or connect with NFTs.
Example: An NFT-based extension could allow only holders of a specific NFT collection to use the paymaster’s benefits, incentivizing NFT ownership.
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Once your paymaster is live, Tsuko offers several tools to monitor and manage it effectively.
The Overview page provides a snapshot of your paymaster’s current status. Here, you can:
1. View the paymaster’s balance.
2. Deposit or withdraw funds.
3. Access integration guides for your dApp.
The Monitoring page provides real-time insights into transactions and spending, segmented by time (week, month, etc.). Key metrics include:
1. Total transactions
2. ETH spent
3. Active user count
4. Latest Transactions
By monitoring these metrics, you can identify patterns in user behavior and adjust your fee strategy accordingly.
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Tsuko uses paymasters, which are smart contracts that automatically cover transaction fees. This automation simplifies transactions and creates a “gasless” experience.
Yes, Tsuko’s ERC20 Paymasters support various ERC20 tokens, like USDC or STORJ, providing users with flexible payment options.
No, Tsuko is designed to be accessible to all users, with a no-code interface that guides you through each step.
Extensions are modular additions to paymasters that add or modify functionality. They allow you to whitelist users, connect to NFTs, and more without changing the core contract.
The Monitoring page offers transaction tracking, ETH spending analysis, user count, and other metrics to help you optimize your paymaster’s performance.
Tsuko provides a comprehensive solution for managing transaction fees on the ZKsync network, combining ease of use with powerful customization options.
By automating gas payments, offering real-time monitoring, and enabling customizable extensions, Tsuko makes it easy for developers and businesses to create a smooth, cost-effective user experience.
Adopt Tsuko for your blockchain project today and experience streamlined transaction fee management that keeps your users engaged and your costs in check.
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This article is also published on txFusion Medium channel.
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