Gas fees and transaction speed on Ink
Security tip:
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Transaction time: | 1 second |
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Average gas fee: | Less than 0.000001 ETH |
Ink is Kraken’s Layer 2 (L2) chain, built on the Optimism Superchain. Ink is designed to provide both lower transaction costs and faster confirmations. This article explains how Ink achieves these benefits and how you can verify your transaction details on the block explorer using Kraken Wallet.
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Efficient transaction processing: Ink processes transactions off the main Ethereum chain. This reduces network congestion and allows Ink to maintain consistently low gas fees, even when overall blockchain activity is high.
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Quick block times: Ink is engineered to finalize blocks in one second, with sub-second block times coming soon. This means that once you submit a transaction, it is confirmed almost immediately. The fast confirmation times are particularly useful for activities that require rapid processing, such as token transfers or swaps on a decentralized exchange.
Kraken Wallet can point you directly to Ink’s block explorer, allowing you to analyze your transactions with ease. Here’s how you can access transaction details on Kraken Wallet:
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Open Kraken Wallet: Open and unlock your Kraken Wallet, then drag the assets section down. This will reveal your recent transaction activity. (3 most recent)
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Find the transaction: If the transaction is one of your last three transactions, you may select it from the home page. To view your full activity history, tap All history.
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View the transaction on the block explorer: Tap on the transaction you’d like to view on the block explorer. Then, simply tap View in explorer to open the transaction on the Ink block explorer.