Ethereum co-founder says “rollups” will power ETH 2.0 to 100k TPS
BTC $9096 (-1.7%) • ETH $226 (-2.1%) • XRP $0.175 (-1.2%)
|CryptoSlate||Jul 2|| 2|
The transaction per second (TPS) metric is informally considered the standard for the scalability of any blockchain.
High TPS means a battle-tested network capable of scalability and fast processing of user transactions. This partly helps in positioning blockchain as a steady alternative to centralized providers.
Currently, Bitcoin provides 4 TPS, while Ethereum goes up to 15. Smaller coins like NEO and Cardano boast of or are building a framework for reaching 1,000 TPS, while Komodo claims to have reached the 45k per second mark in testing.
Now, with ETH 2.0 coming up, the protocol might see over 100,000 TPS gradually, with plans for eventually scaling to over a million as “sharding” is deployed.
If that happens, the popular argument of public blockchains being slower than VISA is set to be toppled.
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