Patrick

2024

April

Billion

Avalanche

<h4><strong>This test was conducted over several days, achieving a sustained rate of 100,000 transactions per second (TPS). </strong></h4> 
<p>It showcased the potential of Vryx to handle extreme transaction volumes with robust efficiency.</p> 
<h5><strong>Vryx Devnet Demonstrates High-Speed Transaction Capability</strong></h5> 
<p>According to <a href="https://hackmd.io/@patrickogrady/vryx-poc" target="_blank" rel="noopener">Patrick O’Grady</a>, The Vryx devnet operates on a platform known as Avalanche HyperSDK. It is a product of Ava Labs’ innovative approach to blockchain technology. The HyperSDK framework allows for significant scalability, enabling the processing of an increased number of transactions per second.</p> 
<p>In January, Ava Labs introduced Vryx, a groundbreaking advancement in blockchain technology. Vryx is described as a fortified decoupled state machine replication construction. This innovation provides a pathway to escalate the throughput capabilities of each Avalanche HyperSDK blockchain instance beyond 100,000 TPS.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Processing 5 Billion Micropayments (at 100k TPS) with Avalanche Vryx and Vilmo<a href="https://t.co/NfHivjQUIa">https://t.co/NfHivjQUIa</a></p> 
 <p>— Patrick O'Grady <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@_patrickogrady) <a href="https://twitter.com/_patrickogrady/status/1780974444779098170?ref_src=twsrc%5Etfw">April 18, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The recent test involved 10 million active accounts, with 2.5 million active every 60 seconds and 95,000 active each second. These accounts were engaged in sending transfers to each other, simulating a high-demand environment. This tested the Vryx devnet’s capacity to manage a large volume of transactions swiftly and effectively.</p> 
<h5><strong>More About Vryx</strong></h5> 
<p>Vryx employs a unique technology called Vilmo, which stands for Verification of State Transitions and Synchronization without Merklization. This technology allows Vryx to verify transactions without the need for Merklization. Merklization is a common method used in blockchain networks to ensure the integrity of data blocks. By eliminating the need for Merklization, Vryx enhances the efficiency of transaction verification, further contributing to its high throughput capability.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">You can view the code that powered this devnet here: <a href="https://t.co/7Z5jcxQRA4">https://t.co/7Z5jcxQRA4</a></p> 
 <p>You can reproduce these results (or modify any of the configuration like the number of validators) in your own AWS account by running this script: <a href="https://t.co/r2Q3XSZwdG">https://t.co/r2Q3XSZwdG</a></p> 
 <p>— Patrick O'Grady <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@_patrickogrady) <a href="https://twitter.com/_patrickogrady/status/1780974448222613634?ref_src=twsrc%5Etfw">April 18, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>This successful test represents a significant milestone for <a href="https://www.avalabs.org/" target="_blank" rel="noopener">Ava Labs</a> and the broader blockchain community. It not only validates the scalability and performance enhancements introduced by Vryx. Also, it sets a new benchmark for transaction processing speed in decentralized networks.</p> 
<h5><strong>Conclusion</strong></h5> 
<p>The ability to handle such a high volume of transactions per second opens up new possibilities for the deployment of blockchain technology in sectors that require rapid, high-volume transaction processing, such as financial services, supply chain management, and Internet of Things (IoT) applications.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/vryx-devnet-processes-5-billion-micropayments-at-100k-tps/">Vryx Devnet Processes 5 Billion Micropayments at 100k TPS</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Vryx Devnet Processes 5 Billion Micropayments at 100k TPS

Altcoin Buzz

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