Now it what may be a breakthrough for the Ethereum blockchain a blockchain advisory and product development firm Akomba Labs has offered a solution that allows the creation of blocks on the Ethereum blockchain twice as fast as before. Sources indicate that Akomba Labs in collaboration with BloXroute ran “BloXroute’s” Blockchain Distribution Network” on a Singaporean-based Ethereum node between November 11th and November 27th.
The results showed that the blockchain propagation time dropped from an average of about 360 milliseconds to about 172 milliseconds. The blockchain propagation time refers to the amount of time it takes for nodes along a particular blockchain to become aware of the existence of a new block.
According to sources Uri Klarman CEO of BloXroute indicated:
“Ethereum feels the burn of the scalability bottleneck more than any other blockchain out there. It’s losing momentum, it’s losing market share. They feel the problem. Most others don’t.”
BloXroute’s Blockchain Distribution Network employs the use of a reduction in the size of a transaction sent across the blockchain. This, of course, lowers the fees on a proof-of-work model and also due to reduced transaction size improves network speeds without adding to the blockchain itself in terms of extra load. Read More...