After scaling, Ethereum will be able to make a million transactions per second

This was stated by the founder of the blockchain-network Vitalik Buterin. 04.Jun.18 9:42 PM By Mark Gainer Photo Toinnov.com    331

The founder of the block network and the Ethereum cryptocurrency, Vitalik Buterin, said that after the completion of the scaling, the network would be able to process a million transactions per second, the online edition of anycoin.news writes. He explained that such opportunities would appear thanks to solutions for the second level of scaling - sharding and Plasma. In the future, he added, thanks to them the network will be able to increase the speed of its work to 100 million transactions per second. According to Buterin, testing of both solutions is currently underway. He stressed that they offer an innovative approach to optimizing the technology of blocking, which will enable to support decentralized applications with millions of network users. Sharding, he continued, will expand the scalability of Ethereum a hundred times, and the Plasma solution, which echoes the work of the Lightning Network in the bitcoin network, can, besides, increase network performance a hundred times more. It is worth recalling that at the end of January this year, Buterin announced the successful completion of the first phase of the initial period of the introduction of scaling of the Ethereum network using the shading solution.

---

Back to the list

Related Information: