In a significant advancement for blockchain technology, Waterfall Network has announced a groundbreaking achievement on its mainnet, processing an impressive 12,778 transactions per second (TPS). This milestone not only surpasses the network’s previous testnet peak of 11,667 TPS but also positions Waterfall Network as a leader in blockchain scalability and performance.
The record-breaking performance was demonstrated through a series of three tests on the mainnet, during which over 1,000,000 transactions were generated and rapidly confirmed on the network. This achievement is particularly noteworthy as it occurred on the live mainnet, which launched in July, rather than in a controlled testnet environment.
Waterfall Network’s exceptional scalability places it ahead of both EVM-compatible and non-EVM Layer 1 and Layer 2 networks, including Monad, SEI, Solana, and Aptos. This claim is supported by data from Chainspect, a leading independent blockchain analytics platform, which integrated with Waterfall Network on November 1, 2024.
The current mainnet is supported by 8,232 validators, nearly quadrupling the number present during the testnet phase. This significant increase in validators enhances the network’s efficiency and reliability in processing transactions while maintaining a high degree of decentralization.
Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research, emphasized the network’s achievement, stating, ‘Waterfall Network continues to push the boundaries of scalability decentralization on a consensus level, joining the ranks of a very few networks that outperform their testnet benchmarks on the mainnet.’
Testing conducted with support from the Google Cloud Web3 Startup Program has revealed that the Waterfall Network mainnet is capable of supporting more than 1.5 million validators, surpassing the capacity of other proof-of-stake networks, including Ethereum. This testing encompassed a diverse range of hardware, from home-based computers and laptops to cloud servers provided by major tech companies.
Waterfall Network’s innovative approach incorporates a next-generation ‘Directed Acyclic Graph (DAG)’ technology, which enables potentially unlimited scalability and portability of decentralized applications (dAPPs). This unique protocol sets Waterfall apart in the blockchain space, offering a solution that addresses the long-standing challenges of security, scalability, and decentralization.
The network’s acceptance into Hyperledger Labs’ prestigious GitHub space further validates its potential, providing access to a global community of experts and increased visibility within the blockchain ecosystem. This collaboration is expected to accelerate the growth and adoption of Waterfall Network’s technology.
As the blockchain industry continues to evolve, Waterfall Network’s achievement represents a significant step forward in addressing the scalability trilemma that has long plagued blockchain technologies. By demonstrating such high performance on its mainnet, Waterfall Network is paving the way for more efficient, scalable, and decentralized blockchain applications across various industries.
The implications of this breakthrough extend beyond mere technical achievements. With its ability to process transactions at such high speeds while maintaining decentralization, Waterfall Network could potentially enable new use cases for blockchain technology in areas requiring high-throughput transactions, such as finance, supply chain management, and Internet of Things (IoT) applications.
As Waterfall Network continues to develop and refine its technology, the blockchain community will be watching closely to see how this advancement impacts the broader landscape of decentralized technologies and their real-world applications.
This news story relied on a press release distributed by BlockchainWire. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Waterfall Network Achieves Record-Breaking 12,778 Transactions Per Second on Mainnet.