Topic: ETH 1 Million Tx/Second !! - page 2. (Read 419 times)
Vitalik is lately sighted that doing meeting and collaboration on Zilliqa project which focus on scalability issue and have successfully implemented sharding. If these two project will make a partnership. That million TX/Second is possible since Zilliqa have already solution while ETH is still in the process of discovering it.
This is just what eth needs. This will help boost transaction processing time. His update truly is needed and eth has always proven to look after its users. This update will probably bring eth back up.
The important thing that helps a lot of dapps that build on the ethereum platform. Vitalik has seen it that the main problem of ethereum should be on the scalability. Any transaction from the platform will go through ethereum blockchain as the main net. This time ether support 60TPS and it's so far from the next target shall be 1 million TPS.
Well, so far no other platform has been able to do it, so in a way it is kind of like a pipe dream.
But, on the other hand, there was a time when storing 1TB worth of data in a tiny flash drive would have seemed totally impossible, but is now super common.
And, I guess the man that would be able to do it would be Vitalik and his team.
People often don't see the genius innovation behind eth and how big of leap forward it was fro blockchain technology.
On top of that, the smart contract system has not only worked but has flourished into it's own gigantic ecosystem.
how many tech companies have made revolutionary tech, brought it to market, have it flourish, and then have it grow to be the second most valuable company in it's own field in 3 years time? It is truly amazing.
I know that there are so many developments and improvements on the eth network right now, and scalability is the most important.
Should this go through (and there is no reason to think it wouldnt) ETH will continue it's reign and stamp out btc as the #1 coin.
All the other smart contract platforms that claim to be "better" but still haven't released their mainet yet (ahem, eos and ada) don't stand a chance
But, on the other hand, there was a time when storing 1TB worth of data in a tiny flash drive would have seemed totally impossible, but is now super common.
And, I guess the man that would be able to do it would be Vitalik and his team.
People often don't see the genius innovation behind eth and how big of leap forward it was fro blockchain technology.
On top of that, the smart contract system has not only worked but has flourished into it's own gigantic ecosystem.
how many tech companies have made revolutionary tech, brought it to market, have it flourish, and then have it grow to be the second most valuable company in it's own field in 3 years time? It is truly amazing.
I know that there are so many developments and improvements on the eth network right now, and scalability is the most important.
Should this go through (and there is no reason to think it wouldnt) ETH will continue it's reign and stamp out btc as the #1 coin.
All the other smart contract platforms that claim to be "better" but still haven't released their mainet yet (ahem, eos and ada) don't stand a chance
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.
The news is certainly positive, it is a pity that it is not much affected the course...ETH swims back and forth, I hope soon we will again overcome the mark of 700 + $ What do you think about it.
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.
What do you think about it.
I read Vitalik Buterin's statement and it sounds really good if it becomes reality. I think the very fact that they have announced this news is a signal that they are about to do something great and they are close to it. Then it remains just to see what will happens.
Wow this is great news because Ethereum is my top coin at the moment and I would love to see it move forward. I think 1 million transactions per second is being too optimistic, but who knows what the future holds for us.
As we know, ethereum has become the main platform in the world of Crypto today, so the existence of 1 million transactions / sec is not a surprise. I think someday cryptocurrency will depend on Ethereum.
This is just what eth needs. This will help boost transaction processing time. His update truly is needed and eth has always proven to look after its users. This update will probably bring eth back up. Eth is very promising, their platform is simple and easy to use that's wwhy a lot of people see eth highly than any other altcoins.
Ethereum was indeed the biggest breakthrough after Bitcoin and it has never failed to impress ever since. The best part is that they realise what needs to be done next and successfully go through with it, be it network development, faster transactions or supporting newer things. Being able to process a million transactions per second is just another huge milestone in Ethereum's success story.
The ETH will become the best tokens, because at present the ETH ecology is very perfect, so you just need to solve the problems of the throughput, the ETH will become the best tokens, so now zil and IOST project will lose its significance.
I hope that those calculations are correct. If that will be proved, im pretty sure that Ethereum will fly up high and most big time companies who are related to cryptocurrency will choose ETH as a medium of their token's transaction. The more good news is that those banks who are supporting crypto will definitely choose ETH than BTC. I am seeing a greater and exciting competition between the king and queen of cryptocurrency.
Nowadays ethereum makes a huge statement and become more familiar coin in crypto market. It is a very good news and because of such news i believe ethereum will be the coin next to bitcoin.
I think its a very optimistic move for the ETH & I wish very good luck with it, and as we know their current move it has become pretty obvious that they are aiming towards their very target.
the concern has never been with handling a lot of transactions lone.
the main concern is always about the fact that you need to keep the cryptocurrency decentralized or make up your mind and go at it in a centralized fashion.
ETH has never been decentralized despite what they advertised it as and the more transactions it handles the less decentralized it gets as it becomes impossible to run a full node. otherwise VISA can handle a lot more tx per second than any of these!!!
the main concern is always about the fact that you need to keep the cryptocurrency decentralized or make up your mind and go at it in a centralized fashion.
ETH has never been decentralized despite what they advertised it as and the more transactions it handles the less decentralized it gets as it becomes impossible to run a full node. otherwise VISA can handle a lot more tx per second than any of these!!!
In recent times ethereums are doing well and they are also in the second position in this market. It’s a great news for ethereum holder and their transaction system also very good. Which increase their popularity.
Is it so? Wow! ethereum is doing so good for making technologiocal advancement. Transactions will be done within seconds! The price of ethereum is going get high very soon as the demand is going to increase to great extent.
i also believe ethereum will be the coin next to bitcoin.
Ethereum is next to bitcoin already.I don't have much Ethereum and I don't buy on these news although it can be a good news for those who are looking for faster transaction. We have to see it first and make it proven.
If ETH can improve throughput issues, ETH will remain a leader.
Because the only advantage that EOS currently has over ETH is throughput.
Because the only advantage that EOS currently has over ETH is throughput.
again a really good news for ethereum. i'm glad to read something like that.
because of such news, i also believe ethereum will be the coin next to bitcoin.
because of such news, i also believe ethereum will be the coin next to bitcoin.
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.
Maybe because talk about idea is one thing(which is theoretical), and actually implement that idea is another, much more complex thing. Jump to: