Blockchain Throughput is Overhyped, Claims Taraxa
A new Taraxa report says many leading blockchain projects have significantly overestimated their throughput. Research shows that major blockchain networks like Sonic, SolanaAPTO has a significant gap between theoretical TPS (trading per second) and the actual maximum TPS on the main network.
The results of the study show that these networks overestimate network efficiency and speed.
Most blockchains overestimate efficiency
Tama, 1-layer blockchainconducted extensively analyze several Leading blockchain. Apparently most networks Promote new advances in its blockchain’s throughputbut many of these tests are performed under ideal conditions. This study hopes to observe the most “bullish” claims compared to conventional operating conditions.
“Investors, developers and users should have transparency. The blockchain industry has long been obsessed with theoretical performance numbers, but if the numbers produced in the lab cannot be copied in the real world,” said Steven, co-founder of Taraxa ·Steven Pu said in an exclusive press release shared with beincrypto.
The survey attempts to assess these real-world conditions through a metric called “TPS per dollar.” Taraxa compares blockchain’s transactions per second with the actual cost of running a validator node And use it to determine the actual throughput.
This will be a more accurate way to determine how these companies can meet expectations.
For example, the study examined the highest recorded throughput ever recorded on some blockchain projects, with some important warnings. Excludes licenses and fragmented networks and performs certain transactions (e.g. vote Transactions) are discarded to avoid numbers inflation.
These numbers are then compared with the TPS claims provided by the developers:
The results of this test show extremely high exaggeration. Sonic(It used to be a fantasy) Reported blockchain throughput exceeds 100 times, its actual capacity exceeds 100 times, but the industry average is 20 times. The L1 blockchain space is Frequent competitionprovides obvious incentives for inflation in this system.
“Our research also shows that many networks require expensive hardware to achieve moderate transaction rates, which is technically neither impressive nor dispersed. By focusing on verifiable data on real-time networks, we can shift conversations to meaningfulness by focusing on verifiable data on real-time networks. on performance metrics,” PU added.
Comparing TPS with USD costs also provides interesting data. Solana has the highest costbut it effectively uses these resources to maintain high blockchain throughput. Taraxa also claims that it has the highest ratio in the entire industry, which may affect the reasons why the research is conducted and the use of the metric.
Regardless of the company’s desire to promote its own capabilities, estimates of blockchain throughput appear to be expanding in a large number of ways throughout the industry. Taraxa has been analyzing several key Web3 areas, For example, the AI industryits results seem valuable.
Hopefully some of the hard data here will encourage more realistic reporting from these projects.
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