RATE Group | Researchers Looking To Attain 17,000 Tx/S On Ethereum Network
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Researchers Looking To Attain 17,000 Tx/S On Ethereum Network

07 Oct Researchers Looking To Attain 17,000 Tx/S On Ethereum Network

Posted at 06:49h in Ethereum News by

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Ethereum researchers are currently exploring ways to improve the network’s transaction speed, which could see it reach up to 17,000 transactions per second using a solution called a Snark-based side chain.

Snark-based sidechain addresses limitations in Vitalik’s zk-Snarks

Researchers BarryWhitehat, Harry R, Alex Gluchowski, Yondon Fu, and Philippe Castonguay are currently working on a solution that could massively improve the scaling problem faced by the Ethereum network.

A snark-based side chain is an off-chain solution which would make it possible for users to send and receive tokens outside of Ethereum’s main network. With this, tens of thousands of transactions can be conducted per second.

The snark-based side chain operators will close a channel of transactions and upload it to the Ethereum’s main network as a single transaction. Before a channel is released to the mainnet, users could be allowed to request for withdrawals at the smart contract level.

The researchers…

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