Blockchain platform MultiVAC has published its sharding data, claiming to be on the path to “solving” blockchain scaling issues.
According to the company’s release, MultiVAC reported achieving 30,784 transactions per second (TPS) using 64 shards. While the total amount of transactions for all shards used exceeded 30K at its peak, a single a shard was claimed to reach 533 TPS.
MultiVAC also claimed in the release that their “all-dimensional sharding expansion solution” could potentially be used for large-scale commercial applications, as well as for crypto mining on low-performance computers.
The term sharding in crypto is most often applied in reference to the Ethereum (ETH) blockchain’s upcoming major upgrades. In May 2018, Ethereum’s co-founder Vitalik Buterin hinted that sharding – or splitting up the workload for transaction between nodes to speed up processing time – would be implemented on Ethereum.
In late October, Buterin revealed the roadmap for Ethereum 2.0, dubbed Serenity, during his keynote speech at the annual Devcon conference. Apart from a transfer to a proof-of-stake algorithm, the Ethereum think tank also confirmed that Serenity would implement sharding.
Earlier in October, Bitcoin (BTC) developer Mark Friedenbach presented a method for Bitcoin scaling that would rely on sharding and reportedly would not require a hard fork. He claimed the new solution would be able to increase “settlement transaction volume to 3,584 times current levels” and improve censorship resistance.
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Author: Ana Berman