The Quantum Leap – Starknet V12.0 Upgrade Boosts Ethereum Network Throughput
The Starknet team recently deployed the Quantum Leap – Starknet V12.0 upgrade on the Ethereum mainnet, resulting in a significant increase in the network’s throughput. Here are the key points:
– Quantum Leap was first tested on the Goerli testnet before being deployed on the Ethereum mainnet.
– The testing phase showed the network reaching close to triple-digit transactions per second (TPS), with a consistent delivery of 37 TPS and occasional surges up to 90 TPS.
– This upgrade marked a significant improvement from the previous speed levels of 10 TPS.
– Starknet is a decentralized Layer 2 network that utilizes Validity-based Layer 2 solutions, employing zero-knowledge roll-up technology to condense off-chain transactions and publish them collectively on the Ethereum network.
– The team aims to achieve hundreds of transactions per second by the end of the third quarter.
Latency Improvements and Future Plans
In addition to boosting throughput, the Quantum Leap upgrade has also made significant improvements in latency. Here are the key points:
– The upgrade has reduced the time-to-inclusion to less than 10 seconds under normal conditions.
– The majority of transactions now have a time-to-inclusion of under 10 seconds, surpassing the team’s initial goal of under 15 seconds.
– These latency improvements are expected to benefit Ethereum applications in DeFi and gaming by providing faster transactions and greater throughput for users.
– The team plans to release version 13.0 later this year, focusing on reducing transaction costs.
– Version 14.0 will introduce a system that allows developers to prioritize transactions through additional payment and create a marketplace for block space on the Layer 2 network.
Hot Take: Starknet’s Quantum Leap Upgrade Enhances Ethereum’s Scalability and User Experience
The deployment of the Quantum Leap – Starknet V12.0 upgrade on the Ethereum mainnet is a significant milestone for both the Starknet team and the Ethereum network. By increasing the network’s throughput and improving latency, this upgrade paves the way for faster and more efficient transactions, benefiting applications in DeFi and gaming. The team’s future plans to reduce transaction costs and introduce a transaction prioritization system further demonstrate their commitment to enhancing scalability and user experience on the Ethereum network. This upgrade showcases the continuous efforts to push the boundaries of blockchain technology and meet the growing demands of the ecosystem.
By
By
By
By
By