I have personally come across projects that are obsessed with tens of thousands of transactions per second (tps).
And to imagine, Visa “only” performs 1,667 and Alibaba at its peak minutes 10,000 tps on average currently.
The more the merrier? Theory suggests so but in reality? You tell me.
‘500 Transactions a Second’: Vitalik Says Zk-Snarks Could Scale Ethereum
A form of cryptography pioneered by zcash might help scale ethereum, the founder of the platform Vitalik Buterin said on a research forum Saturday.
Named zk-snarks, Buterin wrote that by using the tech, ethereum can potentially scale “by a huge amount,” up to 500 transactions per second, without relying on layer-two scaling solutions, such as Plasma or Raiden. As detailed by CoinDesk, zk-snarks allow for large batches of information to be compressed into so-called succinct proofs, which remain the same size regardless of the amount of inputs.
Buterin wrote:
‘We can actually…..
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