Waterfall Network Achieves Record-Breaking 12,778 Transactions Per Second on Mainnet
November 6th, 2024 5:30 PM
By: Advos Staff Reporter
Waterfall Network has set a new industry benchmark by processing 12,778 transactions per second on its mainnet, surpassing its previous testnet peak and outperforming many competing blockchain networks. This achievement demonstrates Waterfall's potential to revolutionize blockchain scalability and decentralization.
In a significant development for the blockchain industry, Waterfall Network has announced a groundbreaking achievement of 12,778 transactions per second (TPS) on its mainnet. This milestone not only surpasses the network's previous testnet peak of 11,667 TPS but also positions Waterfall as a leader in blockchain scalability among both EVM-compatible and non-EVM networks.
The record-breaking performance was validated through a series of three tests, during which over 1,000,000 transactions were generated and processed. This achievement is particularly noteworthy as it occurred on the mainnet, which launched in July, demonstrating the network's ability to maintain high performance in a live environment.
Waterfall Network's exceptional scalability is supported by a robust infrastructure of 8,232 validators, nearly quadruple the number present during the testnet phase. This increase in validators enhances the network's efficiency and reliability while maintaining a high degree of decentralization.
Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research, emphasized the significance of this achievement, stating that Waterfall Network is pushing the boundaries of scalability and decentralization at the consensus level. The network's ability to outperform its testnet benchmarks on the mainnet places it among a select few in the blockchain space.
Testing conducted with support from the Google Cloud Web3 Startup Program has revealed Waterfall Network's potential to support over 1.5 million validators, surpassing other proof-of-stake networks, including Ethereum. This level of decentralization, combined with the network's high transaction throughput, positions Waterfall as a formidable player in the blockchain industry.
The implications of Waterfall Network's achievement are far-reaching. For developers, it offers a highly scalable and efficient platform for building decentralized applications (dApps). For users, it promises faster transaction times and potentially lower fees. For the broader blockchain ecosystem, it sets a new standard for what is possible in terms of scalability and decentralization, potentially driving innovation and competition in the field.
As blockchain technology continues to evolve and find new applications across various industries, networks like Waterfall that can deliver high performance while maintaining decentralization are likely to play a crucial role in the technology's mainstream adoption and integration into everyday business processes.
Source Statement
This news article relied primarily on a press release disributed by BlockchainWire. You can read the source press release here,