Ethereum TPS boost? Starknet ‘quantum leap’ goes live

The much-anticipated Quantum Leap upgrade by layer-2 scaling protocol StarkNet was recently deployed on the Ethereum mainnet, allowing up to 90 transactions per second (TPS), further increasing the speed of the network.

Morr TPS Daddy Starknet Mainnet Quantum Leap 0.12.0

live on mainnet pic.twitter.com/RaI1XKcgy7

— Starknet (@Starknet) 12 July 2023

In an announcement sent to Cointelegraph, Uri Kolodny, co-founder and CEO of StarkWare, said that this is an important day for the Ethereum blockchain, as the scaling ceiling has been “broken.” He pointed out that “higher TPS is finally a reality.” Ethereum Mainnet” due to new update, added:

“We said this upgrade would deliver a potential TPS of hundreds within the third quarter, and only stress testing is expected to verify that we are on target. A few dozen TPS at this starting point might have got us excited – but we’ve got a lot more than we thought.”

Kolodny also highlighted that she managed to achieve 37 TPS in a row. Furthermore, the executive also noted that during its peak moments, tests showed that transfer transactions per second reached almost 100.

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On July 5, StarkNet’s Quantum Leap was deployed to a testnet, recording speeds up to triple digits. At the time of testnet deployment, the team announced that it expected “time to inclusion” to be around 15 seconds. This means that decentralized applications (dApps) can confirm on-chain transactions in seconds, but the reality exceeds expectations.

“We were aiming for a latency of less than 15 seconds, and in the end most transactions had a join time of less than 10 seconds,” he explained. According to the Starknet team, higher throughput and faster inclusion will pave the way for faster DeFi applications. It also means that AAA-rated games will become more realistic within the network.

Eli Ben-Sasson, co-founder and president of StarkWare, told Cointelegraph that this means the community is basically being given a “supercharged power tool.” With this, they will suddenly be able to create things that were not possible till now.

The executive also highlighted the short-term and long-term impacts of the new development. “Almost overnight, this will make DeFi faster and less clunky, and on-chain gaming more seamless. In the long term, this will lead to new and creative projects that will transform the way we interact with technology and each other,” he explained.

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