Understanding Gas Station Networks (GSN)
This simplifies the onboarding process, enhances user acquisition, and improves overall user experience.
Simplifying Transaction Costs
In the GSN, relayers do not charge users directly for transactions; instead, they charge the recipient and the smart contract.
By doing so, relayers can cover the transaction costs and earn additional fees for providing their services.
Enabling User Onboarding in Ethereum
The concept of the GSN was originally conceived and designed by TabooKey.
Over time, it has expanded to include various companies, protocols, and platforms within the Ethereum ecosystem that aim to facilitate user onboarding for Ethereum applications.
Sustained Success of Gas Station Networks
Despite Ethereum’s reputation for slower transaction speeds and high fees during network congestion, GSNs continue to thrive because their charges are relatively more affordable than the capital required for traditional marketing, user acquisition, and onboarding strategies.
Evolving Gas Station Networks
GSNs have also evolved and improved, offering greater convenience.
Each GSN usage deducts from the user’s balance on the recipient platform’s system.
In terms of reliability and security, GSNs are designed to incentivize relayers to process requests correctly.
Measures are in place to penalize relayers for any malpractice.
These smart contracts automate these mechanisms, significantly enhancing reliability and user experience (UX).