Ethereum Layer 2 Achieves 12,000 TPS in Testnet Trials

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI


  1. Which Companies Took Part?
  2. What About Scalability and Speed?
  3. Key Takeaways for Users

  4. Ethereum’s Layer 2 (L2) blockchain technology has achieved a significant milestone by managing 12,000 transactions per second (TPS) during a testnet trial. This breakthrough greatly surpasses the current transaction capacity of the Ethereum mainnet, showcasing the potential of L2 solutions in enhancing scalability and speed for blockchain operations.

    Which Companies Took Part?

    The test involved collaboration from various blockchain development firms, including prominent L2 solutions like Optimism, Arbitrum, and zkSync. These entities are at the forefront of addressing Ethereum’s scalability challenges and have been integral to the test’s execution.

    What About Scalability and Speed?

    L2 solutions aim to reduce the transaction burden and gas fees on the Ethereum network. The impressive TPS figures obtained in the tests highlight the scalability potential of these technologies. Nevertheless, it is crucial to note that these figures have yet to be confirmed on the mainnet, suggesting that real-world applications still require further validation.

    Key Takeaways for Users

    Successful L2 tests could significantly broaden Ethereum’s user base. High TPS figures indicate a promising future for blockchain scalability. Real-world application and validation are essential for widespread adoption.

    The success of these L2 solutions during tests could enable the Ethereum network to accommodate a more extensive user base in the future. Although the testnet results are promising, they need to be replicated and verified under real-world conditions to ensure reliability and effectiveness.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC Launches Initiatives to Enhance Access to Financial Markets

MEXC has launched several initiatives, including the Trade Wall Street, Without Walls campaign, to enhance access to traditional financial markets.

user avatarRajesh Kumar

MEXC Introduces Stock Trading Handbook for Crypto Traders

MEXC has launched the Stock Trading Handbook to assist crypto traders in transitioning to the stock market as part of its Opportunity Compass initiative.

user avatarLucas Weissmann

KalshiEX Seeks Approval for Perpetual Security Futures

KalshiEX has filed a proposal with the SEC to introduce perpetual security futures linked to 58 stocks and ETFs.

user avatarFilippo Romano

US Dollar Strengthens Its Dominance in Forex Market

The US dollar's share in the forex market has increased to 89%, defying challenges from rival currencies.

user avatarEmily Carter

Cipher Mining Expands into High-Performance Computing and AI Infrastructure

Cipher Mining is leveraging its mining business assets to enter the high-performance computing and AI infrastructure market.

user avatarTomas Novak

REX Shares Launches TREX 2X Long Strive Daily Target ETF

REX Shares has launched the TREX 2X Long Strive Daily Target ETF, aiming to deliver 200% of the daily performance of Strive Asset Management shares influenced by its Bitcoin treasury.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.