Matic, the blockchain platform based on scalable and instant transactions, claims its network could overload the Ethereum ecosystemThis after two months of testing, which revealed that the platform It was able to process 7.2000 transactions per second (TPS).
In a blog post from Matic Network on July 14th The project reported that it had tested its Counter Stake CS-2008 test networkwho “can reliably manage a performance level of 7,200 TPS”.
As written on the blog, This operation could be extrapolated to Matic’s main networkthat uses the same architecture. Matic confirmed that 122 validators were part of the test network and could activate and execute validators with guard nodes:
“The current performance capacity of the network in its current state implies that Matic can help the Ethereum ecosystem to overcome its performance constraints and develop its full potential.”
Scalability before the release of ETH 2.0
The “performance limitations” that are referenced are the scalability problems of the current Ethereum networkthat can only process a small number of transactions per second. He Ethereum 2.0 will solve the scalability problem, however Phase 0 appears to be delayed until early 2021 and will take years to reach maximum performance. In the meantime, there is an urgent need for a scaling solution.
This year The network was faced with a significant congestion Because of the popularity of Tether (USDT) and the growth of DeFi projects, which has led to an increase in transaction fees. Ethereum recently increased the maximum allowable amount of gas per block in its blockchain so that the network can process more transactions.
Second layer and not the best
Matic Network is based on the plasma project and offers an alternative proof of the use (PoS) of the blockchain network based on an adapted version of the same technology.
This in turn uses a decentralized network of stakers, which have been deposited by Matic, to act as checkpoints between the two blockchain platforms. This method makes it possible to obtain a cheaper, faster and higher TPS volume in the second network, which can then be billed in the Ethereum network.
Other projects are working on second-tier solutions to effectively relieve the Ethereum network. OMG network, a plasma-based Ethereum sidechain, announced in June that Tether, the largest gas consumer in the blockchain, will operate its secondary infrastructure.