With the Istanbul Hard Fork behind us, numerous innovations are already being implemented into the post-hard fork Ethereum (ETH) network. One of these innovations may rapidly facilitate the throughput of Ethereum and increase the quantity of transactions per second (TPS) sixtyfold.<\/p>\n
Iden3, a startup that is partnering with the Ethereum Foundation, published a report on how the ZK-Rollup feature can increase the speed of the Ethereum network.<\/p>\n
ZK-Rollup (ZK refers to Zero Knowledge) is a feature that allows one to unload the main blockchain by transferring some of the data about the transaction off-chain (out of smart contracts of the initial Ethereum). This will result in a limited load on the main network and will start to operate much faster.<\/p>\n
This technology is endorsed by the \"Father of Ethereum\" Vitalik Buterin as his favorite scalability solution. In accordance with Iden3, the ZK-Rollup feature will allow more transactions to be validated in every Ethereum block. Therefore, its capacity may skyrocket.<\/p>\n
Image by:https:\/\/iden3.io\/post\/istanbul-zkrollup-ethereum-throughput-limits-analysis<\/a><\/p>\n This upgrade is now possible because oftwo Ethereum Improvement Proposals (EIPs) that were included with the Istanbul Hard Fork - EIP-1108 and EIP-2028. Both of these EIPs will reconsider the gas pricing calculation, making the introduction of ZK-Rollup much cheaper.<\/p>\n To put this in context,2000 TPS is what the Visa network currently averages. Ethereum currently supports around30 TPS, but with the implementation of ZK-Rollup, this figure may surge 6300%. Therefore, the breakthrough doesn't seem impossible at all.<\/p>\n Furthermore, the calculations by Iden3 are a rough estimation. The true throughput of blockchain alwaysdepends on the performance of mining gear used by validators as well as based on the demand for its native token.<\/p>\n Should we get ready for the Visa-like speed of Ethereum? Let's discuss it on Twitter!<\/p>\n <\/p>\n See the article here:<\/p>\n Expert: Ethereum Can Easily Surpass Visa with This Feature - U.Today<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" With the Istanbul Hard Fork behind us, numerous innovations are already being implemented into the post-hard fork Ethereum (ETH) network. Continue reading