Ethereum: Can the number of events in seconds ever exceed the network?
In recent years, Ethereum (ETH) has progressed worldwide, the world’s second largest cryptocurrency in the world. Intelligent contract tray, decentralized funding (defi) and game ecosystems, Ethereum has become an innovation and experiment center. One of the most important features that distinguish between the other cryptocurrency of Ethereum is its ability to control a large number of events in a second (TPS).
However, as the popularity of Ethereum increases, there is worry that the network can destroy a large amount of daily events. In this article, we are looking at why TPS could become a restriction on Ethereum and what the groups behind the network do to relieve these problems.
What is TPS?
TPS refers to the speed at which Ethereum can handle events on its network. One event usually includes two parts that change value in exchange for something valuable, such as gas or cryptocurrency. To host a major transaction, the Ethereum (POW) certificate algorithm, which was the spine of Bitcoin and other cryptocurrencies, requires significant computing power.
Why do TPS become a restriction
As the number of users increases in Ethereum, the network has to process more and more information. It is estimated that if Ethereum reaches 100 TPS, about one million processors would work (CPU means central handling). This corresponds to the processing power required by more than 10 million desktop computer at the same time.
Currently, the average transaction time of Ethereum is about 20 seconds. In order to host a faster transaction, such as less than 2 seconds, it would require a great increase in calculation force, which can lead to significant scalable problems and even lead to network congestion.
Ethereum’s response
To solve this problem, the Ethereum team has studied alternative consensus algorithms that are able to control higher TPS numbers. One of these options is the evidence algorithm on Saturday (POS), also known as the Byzantine error tolerance (BFT).
Certificate of Sambii: New Consensusalg? ? **
In 2017, Creator Ethereum Vitalik Butin introduced POS as an alternative to Bitcoin Pow. The background of the POS is that the validators are chosen by their “contribution” or their owners instead of computing power. This approach eliminates the need for mining workers to solve complex mathematical problems to validate events.
Although POS has some potential benefits, such as lower energy consumption and faster transaction times, it also requires significant changes in the architecture of Ethereum. One of the key challenges is to ensure that the decentralized network system remains stable and safe even at high TPS.
Other options
In addition to POS, other options are explored, including:
* Authorized Visit Certificate (DPO): POS Variant, which allows users to vote for validators instead of only validating events.
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conclusion
Although the current degree of Ethereum TPS is still relatively high, the worries of the network scalability and congestion are valid. The group behind Ethereum is working hard to solve these problems by studying alternative consensus algorithms and other solutions.
However, it is necessary to mention that the scaling of Ethereum requires significant investments in modernization of infrastructure, such as parallel change and processing. The only time to tell if these efforts will pay and whether the network is able to maintain current deployment and innovation.
** What do you think?