Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.
Are you tired of hearing about new layer-1 launches boasting millions of TPS? Wondering how you can capitalize on the hype? Well, today is your lucky day! Here’s a step-by-step guide on creating your very own 1 billion TPS layer-1 network that will outshine the competition.
You might also like: From crypto projects to digital asset companies: It’s time to level up web3 comms | Opinion
Step 1: Harness the Power of a Supercomputer and EVM
A high-end machine can handle transactions in the Ethereum Virtual Machine (EVM) at around 100k TPS—a well-known technical fact. By optimizing the EVM to bypass certain bottlenecks, you can significantly increase throughput. Being EVM-compatible is crucial in the world of web3 development, as it attracts more developers to your network.
Step 2: Simplify Your Network
Why complicate things with a network of multiple machines when a single powerful machine can do the job? Avoid the overhead of consensus mechanisms by sticking to a single machine. You can create the illusion of decentralization by adding pseudo-nodes with fancy names.
Step 3: Embrace Sharding
Shard your network into 100 copies to boost performance. Each shard operates independently, contributing to a cumulative TPS of 10 million.
Step 4: Upgrade to WASM-JIT
Move beyond the EVM to WASM-JIT for superior performance. WASM-JIT can outperform the EVM by up to 100x in execution speeds, leading to a total TPS of 1 billion.
Congratulations on building your 1 billion TPS layer-1 network! Stay tuned for more tips on optimizing concurrency for even greater performance.
Read more: Beyond the hype: Web3 is in dire need of a rebrand | Opinion
Steven Pu
Steven Pu is the co-founder of Taraxa, a purpose-built, fast, scalable, and device-friendly layer-1 public ledger designed to help democratize reputation by making informal data trustworthy. Prior to Taraxa, Steven launched multiple ventures and products in IoT and mobile healthcare. He was also a Partner at Monitor Deloitte’s strategy practice, spearheaded their digital strategy line of business, serving Fortune 500 companies with hundreds of millions in upside impact. Steven also had the honor of co-authoring the book “Next Blockchain” with Makoto Yano, vice-minister of Japan’s Ministry of Economics, Trade, and Industry. Steven holds undergraduate and master’s degrees in Electrical Engineering from Stanford University.