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Researchers are exploring ways for Ethereum to execute 17,000 transactions per second



Ethereum researchers They are exploring new ways to improve Ethereum and introduce a solution called a Snark-based side chain that could scale the network up to 17,000 transactions per second.

Researchers The authors BarryWhitehat, Harry R, ​​Alex Gluchowski, Yondon Fu and Philippe Castonguay have introduced a solution similar to Plasma, an infrastructure-based side that is an off-chain solution that would allow users to send and receive tokens to the outside the main Ethereum network. This new discovery allows tens of thousands of transactions per second.

The operators of the Snark-Based chain are responsible for closing a transaction channel and loading it into the main network of Ethereum as a single transaction. This means that, before the release of a channel made up of many thousands of transactions between users on the Ethereum network, users can request withdrawals at the intelligent contract level. If the operator can not serve this queue within a certain time limit, it is assumed that the data is not available. The operator is removed and new operators are introduced. The researchers explain that:

"The operator is forced to process requests in the priority queue, otherwise they are cut in. If they refuse to use the snark side of the system, they are still forced to allow the existence of a priority queue. , the system will degrade to an on-chain token if the operator becomes ill-intentioned. "

However, malicious operators could deny the withdrawal of funds in the channel and potentially destroy the channel that contains a large amount of data. The system has incorporated the protocol that punishes and replaces this type of operators. The channel is downgraded to an on-chain token and does not allow further channel alternatives.

To put it simply, developers will implement a second level for Ethereum, a snark-based chain that allows users to send and receive large-capacity payments.

The proposal is very interesting given the fact that Vitalik Buterin, two weeks ago, announced a way for Ethereum to be able to process 500 transactions per second using Zk-snarks. it it is an encryption method, in part which allows you to compress large amounts of information in what is called a "succinct test", which remains the same size regardless of the amount of input that there is.

Many argue that Ethereum has problems with downsizing, but technology is constantly developing and new solutions find their way to gradually emerge and scale the network. However, the Ethereums network can not currently handle transactions by millions of users, but it may change in the future. Scalability will improve as the entire blockchain ecosystem sees improvements that will lead to adoption.

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