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Ethereum Unveiled Fuel as Alternative Scaling Solution, Future Transaction Speed May Reach Million TPS

Abstract : Fuel Labs unveiled a Fuel, an alternative scaling solution for Ethereum, on their blog. Fuel Labs is a non-profit organization built by programmers with Ethereum.

ChainDD
ChainDD

Nov 05

According to Decrypt, Fuel Labs unveiled a Fuel, an alternative scaling solution for Ethereum, on their blog. Fuel Labs is a non-profit organization built by programmers with Ethereum. The program estimates to pass security audits soon and expects to be launched on mainnet.

Over the past two months, Fuel Labs has been developing the project Fuel based on a research paper by ConsenSys researcher John Adler. The team estimates that Fuel could make Ethereum transaction five times cheaper. On top of this, it estimates that it could increase the number of transactions that Ethereum can handle per second from around 10 to 50. In the future, Ethereum’s transaction speed will rise to 2000 transactions per second (TPS)—or even up to one million.

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