Categories: Ethereum

Wibson Reduces Up to 99% the Ethereum Gas Cost Solving Scaling Issues

Click here to view original web page at

The Wibson team released a Batch Payment technology that benefits the blockchain community as it reduces transaction and operational costs that can improve the economic viability of hundreds of Ethereum-based projects.

One of the greatest challenges for the viability and scaling of blockchain networks is managing the costs of “gas”, the payments that receive third parties for the verification of the smart contracts transactions.

To solve this problem, Wibson – a blockchain-based platform that provides individuals a way to sell their data – released its Batch Payment code, a new Ethereum blockchain protocol that reduces the transaction costs up to 99% and allows not only Wibson, but other hundreds of Ethereum-based projects to exponentially scale.

The batch payment code bundles a large number of ERC-20 token operations into a single batch of transactions allowing to reduce the gas cost by 99%. Wibson started using this technology two weeks ago and they have already seen good results.

As the code can be used by any Ethereum-based blockchain project under the GNU Lesser General Public License v3.0, Wibson is already working with other companies who are interested in the technology, helping them implementing their protocol.

On the user side, Wibson renewed the mobile app, which has been enhanced with an improved design and more convenient token redemption capabilities. In next updates, Wibson plans that Data Sellers -users who sell data to companies through the platform- are able to cash-out Wibson Tokens (WIB) to an external wallet without incurring standard Ether gas fees.

Additionally, the company will work on significantly scaling the data marketplace and launching the app in more geographies.

For more information or to download the Wibson data marketplace app on Android devices, visit The batch payments code is publicly available through the Wibson Github. If you are interested in implementing the technology on your project, you can contact Wibson at

About Wibson

Established in October of 2017, Wibson is a decentralized blockchain based data marketplace that provides individuals a way to securely sell their data. The information is validated for accuracy, all without sacrificing personal privacy.

The company’s mission is to create a trusted universal data platform that maximizes value for both individuals and companies and has received funding from Telefónica’s investment arm, Wayra, among other industry-leading investors such as DGG Capital or Kenetic Capital.

The Wibson token went live in October 2018 and has already supported more than 100,000 data transactions. To date, more than seven million WIBs have been used in such transactions by the Wibson community.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoins and Cryptocurrency: Myths and realities

Part 2: The Journey This is a story of secret beginnings. A story of a brilliant idea, born of trying… Read More

5 hours ago

Twitter is Losing its S%# Over This $4 Million Golden Toilet

An solid gold toilet from Churchill's birthplace goes missing. | Source: AP Photo, File Golden toilets don’t come around very… Read More

5 hours ago

eToro Aims to Put Derivatives on the Blockchain With Lira Programming Language

eToro , an Israel-based exchange platform, revealed a new programming language designed to simplify derivatives trading.Speaking ahead of the Ethereal… Read More

5 hours ago

Gartner sees blockchain as ‘transformational’ across industries, in 5-10 years

Credit: Dreamstime Research firm Gartner, whose past evaluations of blockchain have been conservative to say the least , expects the… Read More

11 hours ago

The Future Lies in Blockchain: Circle CEO Jeremy Allaire Backs China’s Cryptocurrency and Facebook’s Libra

The year is 2017. Cryptocurrencies and their underlying blockchain technology are sternly poised to take over the world. Investors, all… Read More

11 hours ago

Ethereum-based Staked Not Efficient, Claims DeFi Builder

Much like banks, there is competition with the Ethereum decentralized finance (DeFi) ecosystem; each protocol and ecosystem offers different benefits… Read More

11 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More