Waterfall Network Achieves Record-Breaking 12,778 Transactions Per Second on Mainnet

In a significant development for blockchain technology, Waterfall Network has announced a breakthrough in transaction processing speed, achieving 12,778 transactions per second (TPS) on its mainnet. This milestone positions Waterfall Network as the most scalable Ethereum Virtual Machine (EVM) compatible smart contract platform currently available, outperforming other notable blockchain networks.

The record-breaking performance was demonstrated through a series of three tests conducted on the Waterfall Network mainnet, which processed over 1,000,000 transactions. This achievement represents a substantial improvement over the network's previous testnet peak of 11,667 TPS, showcasing the platform's ability to enhance performance in a live environment.

Waterfall Network's exceptional scalability is particularly noteworthy when compared to other blockchain platforms. It surpasses the performance of both EVM-compatible networks like Monad and SEI, and non-EVM networks such as Solana and Aptos. This data, verified by Chainspect, an independent blockchain analytics platform, underscores Waterfall's position at the forefront of blockchain scalability.

The current mainnet is supported by 8,232 validators, nearly quadruple the number during the testnet phase. This increase in validators not only enhances the network's decentralization but also ensures more efficient and reliable transaction processing. Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research, emphasized the network's ability to push the boundaries of scalability and decentralization at the consensus level.

Waterfall Network's innovative approach incorporates a next-generation Directed Acyclic Graph (DAG) technology, which allows for potentially unlimited scalability and portability of decentralized applications (dApps). This technology, combined with the network's ability to run on a wide range of devices, including low-cost laptops and potentially mobile phones in the future, positions Waterfall as a highly accessible and versatile blockchain platform.

Testing conducted with support from the Google Cloud Web3 Startup Program has demonstrated Waterfall Network's capacity to support over 1.5 million validators, surpassing other proof-of-stake networks, including Ethereum. This level of decentralization, coupled with high transaction speeds, addresses two of the most significant challenges in blockchain technology: scalability and decentralization.

The implications of Waterfall Network's achievements are far-reaching for the blockchain industry. Improved transaction speeds and scalability could lead to more efficient and cost-effective decentralized applications, potentially accelerating the adoption of blockchain technology across various sectors. Financial services, supply chain management, and decentralized finance (DeFi) applications could benefit significantly from the increased transaction capacity and reduced latency.

Furthermore, Waterfall Network's acceptance into Hyperledger Labs' GitHub space provides the project with increased visibility and access to a global community of experts. This collaboration could accelerate the network's growth and adoption, potentially influencing the broader blockchain ecosystem.

As blockchain technology continues to evolve, Waterfall Network's advancements in scalability and decentralization represent a significant step forward. The ability to process transactions at high speeds while maintaining a large number of validators could set a new standard for blockchain performance, potentially influencing future developments in the field and driving innovation in decentralized technologies.