The Blockchain MultiVAC platform claimed to have achieved a "breakthrough" in blockchain downsizing technology, according to a press release dated November 5th.
According to the company statement, MultiVAC recorded the achievement of 30,784 transactions per second (TPS) using 64 fragments. While the total amount of transactions for all fragments used exceeded 30K at most, a single chip was required to reach 533 TPS.
MultiVAC also stated in the statement that their "homogeneous expansion solution of all sizes" could potentially be used for large-scale commercial applications as well as for cryptographic extraction on low-performance computers.
The term sharding in crypto is often applied in reference to the imminent important updates of the Ethereum blockchain (ETH). In May 2018, the co-founder of Ethereum, Vitalik Buterin, suggested that sharing – or splitting the workload for the transaction between nodes to speed up processing time – would be implemented on Ethereum.
At the end of October, Buterin unveiled the roadmap for Ethereum 2.0, nicknamed Serenity, during his speech at the annual Devcon conference. In addition to transferring to a proof-of-stake algorithm, the Ethereum think tank also confirmed that Serenity would implement sharding.
At the beginning of October, Bitcoin developer (BTC) Mark Friedenbach presented a method for scaling Bitcoins that would be based on sharding and, it is said, would not require a rigid fork. He said the new solution would be able to increase the "settlement transaction volume to 3.584 times current levels" and improve censorship resistance.