Ethereum co-founder says “rollups” will power ETH 2.0 to 100k TPSBTC $9096 (-1.7%) • ETH $226 (-2.1%) • XRP $0.175 (-1.2%)
The transaction per second (TPS) metric is informally considered the standard for the scalability of any blockchain. High TPS means a battle-tested network capable of scalability and fast processing of user transactions. This partly helps in positioning blockchain as a steady alternative to centralized providers. Currently, Bitcoin provides 4 TPS, while Ethereum goes up to 15. Smaller coins like NEO and Cardano boast of or are building a framework for reaching 1,000 TPS, while Komodo claims to have reached the 45k per second mark in testing. Now, with ETH 2.0 coming up, the protocol might see over 100,000 TPS gradually, with plans for eventually scaling to over a million as “sharding” is deployed. If that happens, the popular argument of public blockchains being slower than VISA is set to be toppled.
More news ⏬Cardano starts off first day of Shelley Virtual Summit with 5 new announcements
Cardano’a parent company IOHK started off the Shelley Virtual Summit with 5 major announcements, unveiling some of the innovations that were made possible by the public mainnet launch of Shelley, including its identity solution PRISM, a new model for governance on Voltaire, as well as a $20 million fund aimed at dApp development on Cardano. Thanks to our premium sponsors⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Compound users now supplying over $1 billion in ETH assets; COMP a top-25 altcoin
Compound’s meteoric rise in the crypto-space is coupled with the rise of DeFi tokens and retail traders chasing the next “moonshot.” COMP, Compound’s native token, rose over 600 percent from a listing price of $61 to over $350 on June 21, before steadily falling to its current $195 level. “Don’t even think” crypto will be immune to a derivative crisis: Bitcoin whale
Prior to the pandemic, it was a common narrative in crypto space that Bitcoin was immune to any macroeconomic and geopolitical issues. Binance gets the third-ever crypto emoji on Twitter, following Crypto.com and Bitcoin
Binance, one of the largest crypto exchanges in the world, has officially received the third ever branded Twitter emoji in the industry, after Bitcoin and Crypto dot com. Norway turns to IBM blockchain for sustainable salmon—and activists are probably happy
For Norway’s huge following of climate change and sustainable farming activists, blockchain technology may hold an answer. Here’s what on-chain data is saying about Cardano’s 15% rally
Cardano (ADA) has been on a hot streak as of late, incurring intense upwards momentum that has allowed it to garner a trend independent of the aggregated crypto market. For the first time since 2019, Tezos is at risk of breaking below its 200-day EMA
Tezos, like most other cryptocurrencies, has been caught within the throes of an extended bout of sideways trading as it hovers within the mid-$20 region. University of California pays out millions in Bitcoin after ransom attack
The University of California at San Francisco (UCSF) paid out over $1.14 million in Bitcoin to hackers earlier this week, days after their data was held as ransom by a group of unidentified individuals. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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