Quantum Leap Upgrade: Ethereum Network Speed Boosts
The layer-2 scaling protocol Starknet recently deployed its Quantum Leap upgrade on the Ethereum mainnet, resulting in a major speed boost with as much as 90 transactions per second (TPS).
Uri Kolodny, co-founder and CEO of StarkWare, made an announcement to Cointelegraph, calling it a momentous day for Ethereum as the network’s scaling ceiling was “smashed.” He said that “high TPS is finally a reality on Ethereum mainnet” due to the new update, adding that consistent 37 TPS was achieved with peak moments reaching almost 100 transactions per second.
The Quantum Leap was deployed on a testnet on July 5, recording speeds of up to triple figures. The team expected the “time to inclusion” to be around 15 seconds, meaning decentralized applications (DApps) can confirm on-chain transactions in seconds, but the reality exceeded expectations.
A Supercharged Power Tool for the Crypto Community
The Starknet team have achieved latency of under 15 seconds for the vast majority of transactions, with time-to-inclusion of under 10 seconds. This could pave the way for faster DeFi applications and AAA-rated games to become more realistic within the network.
Eli Ben-Sasson, StarkWare co-founder and president, told Cointelegraph that the crypto community is being given a “supercharged power tool” with which to build things that weren’t possible until now.
The executive highlighted the potential short-term and long-term effects of the new development. He said: “Almost overnight, it will make DeFi faster and less clunky, and make on-chain gaming far more seamless. Long term, it will lead to new and creative LCX Crypto, ForexSFXGroup.com – Crypto, IMPT Crypto, XYO Crypto, Crypto.com, Ren Crypto, VRA Crypto, XRP Crypto, ACH Crypto Twitter and Web 3.0 applications that will transform how we interact with technology and each other.”
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