An upgrade known as Quantum Leap has been implemented on the Ethereum mainnet by the layer-2 scaling protocol Starknet, resulting in a significant boost in the network’s transaction processing speed. The upgrade enables up to 90 transactions per second (TPS), surpassing previous limitations.
The CEO of StarWare, Uri Kolodny, considers this a major milestone for the Ethereum blockchain, stating that the scaling ceiling has been shattered. He expressed his excitement, saying, “We said this upgrade would deliver potential TPS of hundreds within Q3, and only hoped from the stress test to check we’re on target. A few dozen TPS at this early point would have left us excited – but we got more than we bargained for.”
Kolodny revealed that their tests consistently achieved 37 TPS, and during peak moments, the transfer transactions per second nearly reached 100. This remarkable performance exceeded their expectations.
The deployment of Starknet’s Quantum Leap upgrade on the testnet on July 5th already demonstrated impressive speeds. The team anticipated a “time to inclusion” of around 15 seconds, enabling decentralized applications (DApps) to confirm on-chain transactions rapidly. However, the actual results surpassed this prediction, with the majority of transactions having a time-to-inclusion of under 10 seconds.
Faster transaction throughput and quicker inclusion times will pave the way for accelerated decentralized finance (DeFi) applications and more realistic AAA-rated games within the Ethereum network.
What is the Quantum Leap upgrade by Starknet?
The Quantum Leap upgrade is a significant enhancement developed by Starknet, a layer-2 scaling protocol for Ethereum. It boosts the network’s transaction processing speed, allowing for up to 90 transactions per second (TPS).
Why is the Quantum Leap upgrade important for Ethereum?
The Quantum Leap upgrade is important for Ethereum because it shatters the previous scaling limitations of the network. The boost in TPS significantly improves the network’s speed and enables faster transaction confirmations for decentralized applications, such as DeFi and gaming applications.
What were the results of the Starknet tests?
The Starknet tests consistently achieved 37 TPS, and during peak moments, the transfer transactions per second approached 100. These results exceeded the expectations of the Starknet team, demonstrating the effectiveness of the Quantum Leap upgrade.
How does the Quantum Leap upgrade impact DeFi applications?
The Quantum Leap upgrade paves the way for faster DeFi applications by increasing transaction throughput and reducing inclusion times. This means that DeFi transactions can be confirmed on-chain in a matter of seconds, resulting in a more efficient and seamless experience for users.
What other applications can benefit from the Quantum Leap upgrade?
Alongside DeFi applications, AAA-rated games within the Ethereum network can also benefit from the Quantum Leap upgrade. The increased speed and reduced latency allow for more realistic and immersive gaming experiences.
The recent deployment of the Quantum Leap upgrade by Starknet on the Ethereum mainnet has significantly increased the network’s transaction processing speed. With speeds of up to 90 transactions per second (TPS), the upgrade marks a substantial step in overcoming Ethereum’s previous scaling limitations. The CEO of StarWare, Uri Kolodny, expressed his excitement, noting that the upgrade exceeded their expectations, achieving 37 TPS consistently and even reaching close to 100 TPS during peak moments. The Quantum Leap upgrade also has positive implications for DeFi applications, enabling faster transactions, and creating opportunities for more realistic gaming experiences within the Ethereum network.