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.

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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