Blockchain Platform MultiVAC Announces Record Sharding Figures
Blockchain platform MultiVAC has revealed that it has attained a “breakthrough” in the blockchain scaling technology referred to as “sharding”. Per the company’s announcement, MultiVAC detailed accomplishing 30,784 transactions per second (TPS) using 64 shards.
The total number of transactions for all shards utilized surpassed 30K at maximum. However, a single shard was said to have reached 533 TPS.
MultiVAC also mentioned in the report that their “all-dimensional sharding expansion solution” might possibly be utilized for large-scale enterprise level applications and also for crypto mining on low-performance computers. The term sharding in crypto is regularly used in reference to the Ethereum (ETH) blockchain’s forthcoming critical updates.
In May 2018, Ethereum’s co-founder Vitalik Buterin implied that sharding – or segregating the workload between nodes to speed up handling time – would be employed on Ethereum blockchain.
In late October, Buterin disclosed the plan for Ethereum 2.0, named Serenity, amid his keynote discourse at the yearly Devcon conference. Apart from a migration to a proof-of-stake calculation, the Ethereum think tank affirmed that Serenity would employ sharding.
Earlier last month, Bitcoin (BTC) developer Mark Friedenbach introduces a strategy for Bitcoin scaling that would depend on sharding and supposedly would not necessitate a hard fork. He claimed the latest arrangement would be able to raise “settlement transaction volume to 3,584 times current levels” and make strides in censorship resistance.