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Blockchain platform MultiVAC has published its sharding data, claiming to be on the path to “solving” blockchain scaling issues. Blockchain platform MultiVAC has claimed it has reached a “breakthrough” in the blockchain scaling technology sharding, according to a press-release Nov. 5. According to the company’s release, MultiVAC reported achieving 30,784 transactions per second (TPS) using 64 shards. While the total amount of transactions for all shards used exceeded 30K at its peak, a single a shard was claimed to reach 533 TPS. MultiVAC also claimed in the release that their “all-dimensional sharding expansion solution” could potentially be used for large-scale commercial applications, as well as for crypto mining on low-performance computers. The term sharding in crypto is most often applied in reference to the Ethereum (ETH) blockchain’s upcoming major upgrades. In May 2018, Ethereum’s co-founder Vitalik Buterin hinted that sharding – or splitting up the workload for transaction b..
The co-founder of Cardano, Charles Hoskinson, who is also the CEO of IOHK, the organization behind Cardano (ADA) has just announced that he and his development team has crossed a milestone in providing a solution for blockchain interoperability. The paper, which was released by IOHK, shows a significant step forward in interoperability with blockchains that still run on the proof of work algorithm. The paper gives vivid explanations on how it has contributed to blockchain development. Hoskinson said: “In this research paper, we introduced the first ever trustless construction that can be applied to proof of work sidechains. We also talk about how to build generic communications between different blockchains”. SEE ALSO: Decentraland And Ripio Come Together For Crypto Mortgage Service That Will Users Take Out LAND Mortgages Cardano (ADA) Price Today – ADA / USD Name Price24H (%)$0.073924 -0.86% One of the applications listed on the paper is about creating a two-way pegged asset that c..