{"id":15938,"date":"2024-08-08T15:14:38","date_gmt":"2024-08-08T12:14:38","guid":{"rendered":"https:\/\/forklog.com\/en\/turbo-protocol-unveils-ethereum-based-layer-2-solution-with-400000-tps\/"},"modified":"2024-08-08T15:14:38","modified_gmt":"2024-08-08T12:14:38","slug":"turbo-protocol-unveils-ethereum-based-layer-2-solution-with-400000-tps","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/turbo-protocol-unveils-ethereum-based-layer-2-solution-with-400000-tps\/","title":{"rendered":"Turbo Protocol Unveils Ethereum-Based Layer 2 Solution with 400,000 TPS"},"content":{"rendered":"<p>The Turbo Protocol team has launched a Layer 2 solution on Ethereum, capable of processing up to 400,000 transactions per second (TPS), reports <a href=\"https:\/\/www.theblock.co\/post\/309826\/ethereum-layer-2-turbo-claims-to-process-400000-transactions-per-second\">The Block<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>According to the developers, this high performance is achieved through parallel transaction processing.<\/p>\n<p>For comparison, Ethereum&#8217;s blockchain handles 20-30 TPS, Solana just over 1000, and the centralized payment system Visa approximately <a href=\"https:\/\/corporate.visa.com\/content\/dam\/VCOM\/download\/corporate\/media\/visanet-technology\/visa-net-booklet.pdf\">24,000<\/a>. <\/p>\n<p>Turbo&#8217;s CEO, Aaron Greenblatt, showcased the blockchain&#8217;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 &#8220;compete for fees on Ethereum.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cAny 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,\u201d added Greenblatt.<\/cite><\/p><\/blockquote>\n<p>Among Turbo&#8217;s investors and partners are gumi Cryptos Capital, LongHash Ventures, Stanford Blockchain Accelerator, AltLayer, and Caldera. <\/p>\n<p>In the &#8220;Cryptorium&#8221; section, there is educational material on the L1 smart contract platform Monad with TPS up to 10,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":1,"featured_media":15937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1179,277],"class_list":["post-15938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-layer-2-solutions","tag-scaling"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15938"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15937"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}