RATE Group | Blockchain Network With Dynamic Fees Says It Triples TPS, Overpassing Ethereum and Bitco…
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Blockchain Network With Dynamic Fees Says It Triples TPS, Overpassing Ethereum and Bitco…

18 Dec Blockchain Network With Dynamic Fees Says It Triples TPS, Overpassing Ethereum and Bitco…

Posted at 21:23h in Ethereum News by

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Blockchain network ARK has released Core V2, the second version of its core system. “ARK was forked seamlessly in the background and the code is now fresh,” the startup says. The company emphasizes that ARK has become “the first and the only” delegated proof-of-stake-based (DPoS) service with dynamic fees. The users decide how much they want to pay for transactions using the ARK wallet.

Mainnet as a milestone

The company calls the migration to Core V2 — which has already been successfully completed on its mainnet — the beginning of a new era for ARK. The team now hopes that their updated ecosystem will empower developers to build new modular features and customizations.

The startup promises that at block 6.6 million (6,600,000), the transaction cap of the network will be raised from 50 to 150 transactions per block. ARK announced that they have already reached 150 transactions per block at a rate of 19 transactions per second (TPS) — in comparison, Ethereum currently has…

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