ETH 1 Million Tx/Second !! | Bitcointalksearch.org

DevelopmentBank

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Quote from: Nicolaus Copernicus on June 03, 2018, 05:14:01 AM

I just read a news about ETH's modification in CCN. Ethereum creator Vitalik Buterin has stated that the Ethereum network will eventually be able to process 1 million transactions per second and potentially more than 100 million transaction per second with second-layer solutions such as Sharding and Plasma.
What do you think about it.

This is just one of the many reasons why I am extremely bullish on Ethereum.

Innovations and advancements like these are what give ETH a unique advantage, even over their already existing advantage in mass adoption. It's not very hard to forsee that changes like these will help Ethereum change the world as we know it.

LARSBAK

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Quote from: Nicolaus Copernicus on June 03, 2018, 05:14:01 AM

I just read a news about ETH's modification in CCN. Ethereum creator Vitalik Buterin has stated that the Ethereum network will eventually be able to process 1 million transactions per second and potentially more than 100 million transaction per second with second-layer solutions such as Sharding and Plasma.
What do you think about it.

Of course innovation is very important for coins like Ethereum. Although it sounds ordinary, but I'm sure will have long-term effects. At least it will help maintain Ethereum to be at the top of Altcoin for a long time.

IsabellaSophia

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Fantastic! I think this will then make it very fast and investors will be happy to have this speed.Eth is developing so fast. It is the next big thing.

starblocks

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Quote from: boy130 on June 03, 2018, 06:22:32 AM

So what happened with the Raiden idea? Have they just given up on a lightning type solution now? Seems like pretty much every cryptocurrency is looking to get in on the sharding idea, and yet we still haven't seen anybody actually implement it except for Zilliqa. Too much talk, very little action. Everybody is claiming they'll reach 1m TPS, and yet nobody has.

It appears Ethereum will be using both the lightening and sharding solutions as separate layers on top of the network to achieve the best performance

scambust

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Quote from: Crypdon on June 03, 2018, 05:24:08 AM

I think he is being over optimistic but good luck with it. Right not it is overloaded and performance is way below other blockchains such as NEO. When more clones of crypto kitties are released ethereum will simply crash unless they implement something to solve it.

Well, he was kind of overly optimistic they could make smart contracts work back in 2014. So I would give him a benefit of the doubt, he is supposed to be a boy genius after all. ETH is coming down along with Bitcoin, maybe a good time to accumulate more ETH.

mynamehere

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Quote from: billyj111 on June 10, 2018, 06:58:55 PM

Quote from: Nicolaus Copernicus on June 03, 2018, 05:14:01 AM

I just read a news about ETH's modification in CCN. Ethereum creator Vitalik Buterin has stated that the Ethereum network will eventually be able to process 1 million transactions per second and potentially more than 100 million transaction per second with second-layer solutions such as Sharding and Plasma.
What do you think about it.

I think that if it is really realized then the ethereum will have all chances for mass use and thus it will be able to become the new leader of all cryptocurrency

ethereum has always been strong sven when it has a certain difficult and some problems, but now all, i can say that i am so happy to hear that!

mynamehere

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Quote from: Nicolaus Copernicus on June 03, 2018, 05:14:01 AM

I just read a news about ETH's modification in CCN. Ethereum creator Vitalik Buterin has stated that the Ethereum network will eventually be able to process 1 million transactions per second and potentially more than 100 million transaction per second with second-layer solutions such as Sharding and Plasma.
What do you think about it.

wow, i have never thought we will ever be able to see something like that, the numbers are really impressive. well, lets wait and see

billyj111

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Quote from: Nicolaus Copernicus on June 03, 2018, 05:14:01 AM

I just read a news about ETH's modification in CCN. Ethereum creator Vitalik Buterin has stated that the Ethereum network will eventually be able to process 1 million transactions per second and potentially more than 100 million transaction per second with second-layer solutions such as Sharding and Plasma.
What do you think about it.

I think that if it is really realized then the ethereum will have all chances for mass use and thus it will be able to become the new leader of all cryptocurrency

Script

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Quote from: Nicolaus Copernicus on June 03, 2018, 05:14:01 AM

I just read a news about ETH's modification in CCN. Ethereum creator Vitalik Buterin has stated that the Ethereum network will eventually be able to process 1 million transactions per second and potentially more than 100 million transaction per second with second-layer solutions such as Sharding and Plasma.
What do you think about it.

Still do not think that this will help Ethereum to be needful in the future. in my opinion, we need a really decentralized coin not ruled by the one who cleared a part of TX (Villain)

johncruze

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It is really a great news. ETH is getting popular day by day. So peole are investing in this coin. Concerning about any uncontrollable situation, they have taken this decision which is highly appreciating.

gabagandalf

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i already thought that such a solution will come. in any case, it is a very good news for ethereum. it is an important step in the future.

bonballi

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Eth come new in the market but they got more popularity based on their new tech also they gives many facilities to their customers like they told that people can do millions of transaction within 1 second which is more beneficial for users and this may progress their investment & profit.

greenvally

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It’s a great news for users of eth because eth kinda new in market and they offers lots of better facilities based on this they are using different new technology and this will encourage people to invest more also they are giving facilities so many transaction can be done with in 1 second.

mummybtc

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There is nothing bad in aiming high, but the most important thing now is the security, speed is a very go thing, be cause most of us want all these platform to be able to scale big and compete with the centralised platforms, but the most important thing we can't ignore is speed. if they can achieve this it is a victory for the platform now that there are many competing platforms

BillCoin

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I think that it is nothing special, and it has been already going on a large amount of crpyotucrrencies.
Using offchain transactions in order to increase the process speed of transactions on the main chain is not a new method,
if we compare that to the bitcoin network, the lightning network providing the same solution- offchain transactions in order to increase the process speed and to decrease the fees paid for bytes.

The same problems that were presented in the lightning network go same for the Ethereum network as using offchain transactions not always worth that as if you are interested to make a single transactions to someone you will still end up paying the same fee.

ukw

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It was one of the disadvantages of Ethereum, which some of the other altcoins trying to improve. If Ethereum starts to accept more transactions per second than PayPal, VISA aнд aлл big exchanges. It will be an incredible success that can make the price of Ethereum make a big jump in my opinion. Grin

Muhammad Muneeb

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Quote from: Nicolaus Copernicus on June 03, 2018, 05:14:01 AM

I just read a news about ETH's modification in CCN. Ethereum creator Vitalik Buterin has stated that the Ethereum network will eventually be able to process 1 million transactions per second and potentially more than 100 million transaction per second with second-layer solutions such as Sharding and Plasma.
What do you think about it.

finally ethereum is going to solve its scalability issue by itself..it will be good news for the icos which are planning to develop their tokens on the ethereum blockchian.. 1 million tx per second will be optimistic but maybe Vitalik will be able to do it.

yugyug

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Achieving a 1million TPS is quite ambitious and it aim to beat the VISA's transaction capacity. Leaping from from a 2-digit TPS to 7-digit TPS is still far from reality maybe it still needs more time to develop. Theoretically it is possible to achieve but in reality it has still a lot more things to do to achieve that goal.

lucian999

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yes because eth is low today maybe many eth buyers now have many transactions and not just that because eth uses too many to buy coins in the ico so too much tx is also preventable to slow down the transactions because of the excess volume of tx

HuyenTKB9

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This is just a news - an idea of Vitalik Buterin. We have to wait for so long time until it can reach this target.
I found somewhere that Vitalik said will upgrade ETH from POW to POS in 2015. 3 years later (now), nothing change!

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