Predictable Fees with Jacobo Toll-Messia

Today’s guest on Fortune Teller is Jacobo Toll-Messia, CEO of Nahmii. Nahmii is an Ethereum interoperable layer 2 scaling solution. Nahmii offers instant finality, predictable fees, and as well as commercial readiness. Nahmii believes Ethereum will be the foundation for Web3. However, while Ethereum does have many strengths, it does have some major challenges. These include:
Low throughput
High, unpredictable fees
Latency
Delayed finality
In order to address these challenges, Nahmii will implement Ethereum’s security under a high-speed, low-cost execution layer.

Nahmii scales any decentralized application to a global level. Nahmii makes DeFi projects, fintech solutions, industrial IoT integrations, supply chain management, oracle solutions, NFT platforms, and more production-ready. Rate of traditional databases, more than any other existing layer 2 solution, via the use of horizontal scaling.

By using state pool technology, Nahmii eliminates the time between providing a transaction and network’s first confirmation. In removing the need to commit to a base layer for finality, Nahmii’s state-channel architecture allows for instant finality. Fees are always known before the transaction. It is well-known that fees on Ethereum discourages both users and developers. Nahmii’s low transaction fees allow users and developers to explore dApps, without prohibitive costs.

Nahmii’s greatest creation is a technological breakthrough called “state pools.” State pools bring the instant finality of state channels, along with the pooled security of side chains and rollups. In combining both of these, Nahmii has instant transactions that are also secure.

Nahmii 2.0 uses generalized smart contracts on the network, opening up the opportunities for almost infinite dApp innovation. Nahmii offers security from bad actors at all levels, securing transactions and user funds from beginning to end on Ethereum. In order to be certain that users can properly challenge fraud, Nahmii had to solve the “data availability problem.” To do so, we created a decentralized oracle in where the smart contract can verify that data is available. Nahmii permits developers to create their application layer on top of Ethereum, using familiar tools.

The Nahmii virtual machine makes the work done by others, enabling compatibility with Ethereum smart contracts. For developers that have worked with Ethereum, they can use what they already know to start building. For new developers, learning resources are plentiful. Nahmii provides for users to earn yield, while at the same time, strengthening Nahmii, and in enabling the next generation of the Web. Two projects using Nahmii are NiiFi, a decentralized crypto exchange, and Fjord Maritime, a technical supplier to the aquaculture market.

To learn more about Jacobo Toll-Messia, visit:
Company Website: https://www.nahmii.io/
Discord: https://discord.com/invite/GKTsUTH
Twitter: https://twitter.com/nahmii_io
GitHub: https://github.com/hubiinetwork
Telegram: https://t.me/nahmii

--
The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/