In a significant development for blockchain technology, Waterfall Network has announced a groundbreaking achievement in transaction processing speed. The innovative layer one (L1) decentralized ledger has successfully processed 12,778 transactions per second (TPS) on its mainnet, setting a new standard for scalability in the blockchain industry.
This milestone, verified through a series of rigorous tests, represents a substantial improvement over Waterfall Network's previous testnet peak of 11,667 TPS. The achievement is particularly noteworthy as it surpasses the performance of other prominent blockchain networks, including both EVM-compatible and non-EVM platforms such as Monad, SEI, Solana, and Aptos.
The implications of this breakthrough are far-reaching for the blockchain ecosystem. Scalability has long been a critical challenge for blockchain networks, often limiting their practical applications and widespread adoption. Waterfall Network's demonstration of such high transaction throughput on its mainnet suggests a potential solution to this persistent issue, opening doors for more efficient and capable blockchain-based applications across various industries.
Adding to the significance of this achievement is the network's robust validator base. Waterfall Network's mainnet is currently supported by 8,232 validators, nearly quadrupling the number from its testnet phase. This substantial increase in validators not only enhances the network's decentralization but also contributes to its efficient and reliable transaction processing capabilities.
Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research, emphasized the network's commitment to pushing the boundaries of scalability and decentralization. He noted that Waterfall Network has joined an elite group of blockchain platforms that have managed to outperform their testnet benchmarks on the mainnet, signaling its potential to become one of the most scalable decentralized networks in the blockchain space.
The network's performance has been further validated through testing conducted with support from the Google Cloud Web3 Startup Program. These tests have shown that Waterfall Network's mainnet is capable of supporting over 1.5 million validators, surpassing the capacity of other proof-of-stake networks, including Ethereum. This level of decentralization, combined with its high transaction throughput, positions Waterfall Network as a formidable player in the blockchain arena.
Waterfall Network's unique protocol incorporates next-generation Directed Acyclic Graph (DAG) technology, which is credited with enabling its exceptional scalability and the potential for virtually unlimited growth. This technology also facilitates the portability of decentralized applications (dApps), a crucial feature for developers looking to build and deploy blockchain-based solutions.
The network's achievements extend beyond technical performance. Waterfall Network has been accepted into Hyperledger Labs' prestigious GitHub space, a development that provides the project with increased visibility, peer support, and valuable feedback from a global community of experts. This recognition is expected to accelerate the network's growth and adoption within the blockchain ecosystem.
As Waterfall Network continues to demonstrate its capabilities, it is also focusing on community engagement and development. The network plans to distribute grants and rewards to researchers and developers who contribute to community-driven security auditing activities, including bug bounties. This approach not only enhances the network's security but also fosters a collaborative environment for ongoing improvement and innovation.
The record-breaking performance of Waterfall Network marks a significant milestone in the evolution of blockchain technology. By addressing the critical issues of scalability and decentralization, Waterfall Network is paving the way for more efficient, secure, and widely applicable blockchain solutions. As the technology continues to mature, achievements like this are likely to accelerate the adoption of blockchain across various sectors, potentially revolutionizing industries from finance and supply chain management to healthcare and beyond.
