In a significant development for blockchain technology, Waterfall Network has announced a groundbreaking achievement in transaction processing speed. The innovative layer one (L1) decentralized ledger has successfully processed 12,778 transactions per second (TPS) on its mainnet, setting a new standard for scalability in the blockchain industry.
This remarkable feat was accomplished through a series of three tests conducted on the Waterfall Network mainnet. During these tests, over 1,000,000 transactions were generated and rapidly confirmed on the network. The achievement not only surpasses Waterfall’s previous testnet peak of 11,667 TPS but also positions the network as a frontrunner in blockchain scalability.
According to data from Chainspect, a leading independent blockchain analytics platform, Waterfall Network has emerged as the most scalable EVM-based protocol available today. This performance outshines other notable blockchain networks, including both EVM-compatible platforms like Monad and SEI, as well as non-EVM networks such as Solana and Aptos.
The current Waterfall Network mainnet is supported by an impressive 8,232 validators, nearly quadrupling the number present during its testnet phase. This substantial increase in validators ensures more efficient and reliable transaction processing 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.’
Further bolstering its capabilities, testing conducted with support from the Google Cloud Web3 Startup Program has demonstrated that the Waterfall Network mainnet can potentially support more than 1.5 million validators. This capacity far exceeds that of other proof-of-stake networks, including Ethereum, and underscores Waterfall’s commitment to decentralization.
The network’s exceptional performance is attributed to its unique protocol, which incorporates next-generation Directed Acyclic Graph (DAG) technology. This innovative approach allows for potentially unlimited scalability and portability of decentralized applications (dApps). Additionally, Waterfall Network’s design enables validator nodes to run on a wide range of devices, from high-powered servers to low-cost laptops and potentially even mobile phones in the future.
Waterfall Network’s acceptance into Hyperledger Labs’ prestigious GitHub space further validates its potential. This inclusion provides the project with increased visibility, peer support, and valuable feedback from a global community of experts, contributing to the overall improvement and adoption of the network.
As a layer one architecture, Waterfall aims to provide a comprehensive solution addressing the critical challenges of security, scalability, and decentralization faced by blockchain networks. Its Ethereum Virtual Machine (EVM) compatibility ensures easy portability of existing decentralized applications, making it an attractive platform for developers and businesses looking to leverage blockchain technology.
The achievement of 12,778 TPS on the mainnet represents a significant milestone in the blockchain industry’s quest for scalable and efficient transaction processing. As blockchain technology continues to evolve and find applications across various sectors, platforms like Waterfall Network are poised to play a crucial role in enabling widespread adoption and practical implementation of decentralized solutions.
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