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Blockchain: the wave of the future (lemmy.world)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] -1 points 9 months ago

I think it depends on the layer 2 solution, but as far as I understand, each of these layer 2 solutions independently have 2000-4000 as theoretical max, and only after bulking transactions together do they affect layer 1, so you should be able to add all layer 2 together for the total.

I guess the spatial sharding update will further increase the maximum number of transactions you can bulk by a factor or two so an individual layer 2 solution becomes comparable with visa, but I don't think that update is coming to Ethereum in several years. Then again, Ethereum needing to perform 60,000 TPS is likely not happening this decade either.

For now at least, layer 2 is fast and cheap, although a bit difficult to use.