In today’s news section of our DC Forecasts crypto news site, we are focusing on the news surrounding the field of blockchain. According to a new project named Waves, scaling on blockchain is not anymore a problem.
Waves Platform, which is comprised of a digital ledger project and a decentralized exchange (DEX) processed 6.1 million real-time transactions in one stress test, facing no disruptions or delays throughout the (intensification of the) test.
As the data from PYWAVES showed, without any slowdown, the Waves blockchain recorded a total of 108,741 transactions – 60,933 of which were Mass Transfers which based on their blog post, are specialized transactions that can hold 100 transfers at once.
As the post noted:
“A total of 6,141,108 transfers was processed by the network, with the blockchain supporting hundreds of transactions per second at peak times.”
With this, the platform proudly said that it has the highest number of transactions ever processed by any public blockchain. According to its announcement, this is mainly because of a tech called Waves NG that helps scaling the Waves Network by selecting the miners in advance, thus minimizing latency and maximizing throughtput.
In times when every blockchain project is trying to find alternatives to Bitcoin’s slow transaction confirmation periods, this is a platform that is impressive.
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