Ethernet new technology can realize 17000tps

!

1. the new technology of the developer can achieve 17000tps

In September, Vitalik Buterin, co-founder of the ethernet, said the network could expand to 500 transactions per second (500 tps) using ZK-Snarks, the basic technology for Zcash, the privacy-focused encryption currency.

However, Etaifang researchers Barry Whitehat, Alex Gluchowski, Harry R, Yondon Fu, and Pahilippe Castonguay recently introduced a solution called "snark Side Chain" that could extend Taifang's online trading capabilities to 17,000 (17,000 tps) per second, close to Visa's.

Comment: Snrk Side Chain is an under-chain solution that allows users to transfer tokens and ETH outside the main network of Taifang. With this under-chain transaction processing capability, Ethernet users can send and receive tens of thousands of transactions per second. In addition to this solution, the community of Ethernet developers has also proposed solutions such as plasma, fragmentation, and so on, in which fragmentation technology is of great concern to everyone. Recently, V God on Twitter called the launch of the "Minimum Fragmentation Agreement" program, and gave GitHub code library about Sharding, also confirmed the classic saying: Don't look at the price, The team is doing things. V also said that if multiple expansion technologies were applied together, the TPS of eth could reach 1 million. V it is natural for God to say such a thing, and it will certainly not be tongue tied. No matter when these technologies are landing. What is the actual effect? The speed of ETH is imminent, and now TPS has restricted the development of DAPP on eth, seriously affecting the user experience, which needs to be changed immediately.

2. PWC will introduce a stable currency linked to the US dollar.

PricewaterhouseCoopers has been involved in the issuance of stable currencies, according to Bicoin.com. It is the first time a well-known accounting firm has joined the ranks of stable currencies issuing in cooperation with Cred, the encryption currency lending platform.

Comment: It is reported that throughout September, a total of 15 institutions launched 13 stable currencies, most of which anchored US dollars, and also anchored offshore RMB, Australian dollar, Japanese yen and gold. The advantage of stable currency is that in the field of encrypted currency payment, especially in the field of cross-border payment, it can keep the monetary value of unit price stable to a certain extent. At the same time, it can let investors change their encrypted currency into these stable currencies to reduce the risk. At present, stable currency mainly has three types: 1. Statutory asset mortgage stability. Fixed currency; 2, digital asset mortgage type stable currency; 3, unsecured / algorithm stable currency. The first is USDT, which accounts for 90% of the stable currency market and has a total market value of more than $2.8 billion. But the continued issuance of USDT has left investors wondering if Tether's bank account really has so many dollars, and the opacity of team information and financial statements is unknown. Stabilized currency can solve the risk of centralized trust to a certain extent, but most of the current stable currency does not have large institutions to endorse trust, can not guarantee its stability, investors should be aware of the risk.

My blog:http://www.bitaves.com