The Turbo Protocol team has launched a Layer 2 solution on Ethereum, capable of processing up to 400,000 transactions per second (TPS), reports The Block.
According to the developers, this high performance is achieved through parallel transaction processing.
For comparison, Ethereum’s blockchain handles 20-30 TPS, Solana just over 1000, and the centralized payment system Visa approximately 24,000.
Turbo’s CEO, Aaron Greenblatt, showcased the blockchain’s capabilities at the Blockchain Application Stanford Summit in New York. He noted that applications launched on the Layer 2 network would not have to “compete for fees on Ethereum.”
“Any Web3 platform looking to bring large computational loads on-chain can use Turbo Protocol. This includes projects in areas such as decentralized AI, gaming, and social media,” added Greenblatt.
Among Turbo’s investors and partners are gumi Cryptos Capital, LongHash Ventures, Stanford Blockchain Accelerator, AltLayer, and Caldera.
In the “Cryptorium” section, there is educational material on the L1 smart contract platform Monad with TPS up to 10,000.