Polkadot will be able to process 1 million operations per second – co-founder Ethereum
With parachains and multithreading, Polkadot will be the first project, reaching 1 million transactions per second.
Some are confused by the reliability of the statements, since so far the project will be able to support only 1000 operations.
Bitcoin, for example, supports Total only 3.8 transactions per second.
Former Ethereum co-founder Gavin Wood considers, that with the help of parachains and multithreading, the Polkador network will be able to process 1 million transactions per second.
Former Ethereum co-founder and current co-founder of the Polkadot layered network Gavin Wood stated, that his proposed architecture would be able to handle about 1 million transactions per second. Wood wrote about this on his page in Twitter
“According to tests performed, Polkadot even without parachains or multithreading, will be maintain a constant speed in excess of 1000 transactions per second [abbr. tx / s]. With parachain and multithreading, maybe 1,000,000 tx / s, 100% security, upgradeable and decentralized, ”Wood wrote.
In the case of blockchain, the network will be able to interact with Polkadot in two ways: via native parachain or via a transition module.
Native parachains use fast cross-network operations, ensuring wherein security from the Polkadot network. Thanks to this no need to develop his cryptocurrency to incentivize miners or stakers with aim network protection.
However, some were confused by Wood’s statements. So, eg, part user doubted the technical success of the project with a level of 1000 tx / s without multithreading implementation.
“1000 tx / s for DPoS chains are a rather unpleasant result, “wrote Dialectic co-founder Dean Eigenmann.
Blockchain-network Ethereum, for example only supports 15 tx / s while bitcoin and at all 3.8 tx / s.
XRP, according to Ripple, supports more 1000 tx / s (1500 tx / s). VeChain’s current volume record, which capable of supporting 10,000 tx / s.
For clarity, international Visa payment system is capable of supporting 24,000 tx / s.
Transaction throughput in blockchain is an one of indicators platform efficiency. Also it is this ability that is also a limitation on scaling the project, which sometimes leads to queues in operations.
What do you think? Will Polkadot reach 1 million operations per second? Share with us with our thoughts in the comments.
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