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The testnet for Avalanche, a prominent smart contract blockchain network, recently clocked in an impressive performance rate surpassing 140,000 transactions per second. This feat was achieved during a trial run for its forthcoming HyperSDK upgrade.
The highlight of the HyperSDK upgrade is the introduction of a new framework. It's specifically designed to enable the crafting of high-efficiency Virtual Machines (VMs) on the Avalanche network. Ava Labs, the force behind Avalanche, has designed this upgrade to give developers a swift-execution environment. This way, they don't have to go through the tedious process of starting from zero with copious amounts of code. Such an innovative approach simplifies and speeds up the development of custom VMs, which paves the way for developers to swiftly launch tailored blockchains.
The results of this test were showcased through a screenshot on GitHub, indicating HyperSDK reaching a stunning speed of 143,322 transactions per second under regulated conditions.
When compared with other blockchain networks, Avalanche's current capability sits at processing 4,500 transactions per second. Meanwhile, Solana can manage between 2,000 and 3,000 TPS, while Ethereum's capacity remains limited to a range of 15-20 TPS, based on the figures from Coincodex.
Speaking at Korea Blockchain Week 2023, Nick Mussallem, Ava Labs' product lead, projected that the real-world throughput rate might level out to around 50,000 TPS. He suggests that even if the actual figure were half of the test results, it would still be a commendable achievement.
Addressing the foundational principles of blockchain, namely decentralization, scalability, and security, Mussallem mentioned no compromises were made. Avalanche's team reconceptualized and refashioned several components present in the Ethereum Virtual Machine (EVM). Their aim was to enhance efficiency, especially concerning networking and storage.
The new blockchains crafted using HyperSDK will function as HyperChains. These can be tailored according to the specific requirements of a developer. Furthermore, a user-friendly interface will be part of the package, eliminating the need for supplementary coding.
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