• zalgotext@sh.itjust.works
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    5 months ago

    Isn’t that still an order of magnitude less than what Visa can do? Or is there some extra math involved that I don’t know about

    • parpol@programming.dev
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      5 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.