Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Ethereum Layer 2 Turbo claims to process 400,000 transactions per second.
ADOPTION NEWS

Ethereum Layer 2 Turbo claims to process 400,000 transactions per second.

By Crypto FlexsAugust 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Layer 2 Turbo claims to process 400,000 transactions per second.
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum Ethereum

-1.12%
Scaling solution Turbo Protocol has launched a new blockchain capable of processing 400,000 transactions per second, the team announced Tuesday at the Blockchain Application Stanford Summit. That’s about 4,000 times faster than high-throughput chains like Solana.

The Turbo team said in a press release that the project is one of many new efforts to experiment with “parallel transaction processing,” a process that records multiple transactions simultaneously “as opposed to sequentially as is currently done on Ethereum.”

For comparison, the Ethereum-based layer handles about 20 to 30 transactions per second, while competing network Solana handles just over 1,000 transactions per second, and global payments company Visa handles about 24,000 transactions in a similar period.

Turbo CEO Aaron Greenblatt demonstrated a live blockchain at the Stanford Summit on Blockchain Applications in New York City, noting that applications launched on layer 2 networks won’t have to compete with Ethereum gas fees.

“Any web3 project that wants to move heavy compute workloads off-chain can use Turbo Protocol,” Greenblatt said. “This could be projects in decentralized AI, gaming, and social verticals.”

Since the network launched in 2015, Ethereum has been hampered by slow transaction processing speeds, often resulting in costly periods as users race to have their transactions permanently included in blocks.

Layer 2 networks like Turbo, Optimism, and Polygon are all taking different approaches to create more efficient blockchain platforms that ultimately “roll up” a series of transactions onto the main Ethereum blockchain.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Ethereum Bulls Hit 2024 Highs as BTC Pumps Above $45K.

January 2, 2024

According to Crypto analyst, 279%rally in 2025

April 2, 2025

Gala Game launches a dedicated wild jungle expedition mystery box.

May 23, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.