On 31 October, the Open Network blockchain, during public testing, set a world record by achieving 104,715 transactions per second (TPS).
For the test, the project team rented 256 servers from Alibaba Cloud for node validators and launched a separate TON Blockchain network. In it, a so-called “bomb” was created — a special smart contract that clones itself and continuously forwards transactions.
“We detonated the ‘bomb’ for 10 minutes, which led to a surge in load. The network split into 512 shardchains and processed 90,000–110,000 transactions per second until it was turned off,” the project representatives said.
In 22 minutes, the network processed more than 107 million transactions, with a peak TPS of 111,498.
The results were confirmed by independent auditor CertiK.
The figures exceed all verified results of other blockchains, as well as the maximum throughput of centralized payment networks such as Visa and Mastercard.
According to TON developers, the network could potentially process millions of transactions per second with a sufficient number of validators.
The previous holder of the title of the fastest blockchain was Solana.
Earlier in September, amid the integration of the crypto wallet into Telegram, the native TON token rose by 15%.