As a seasoned analyst with a background in both Web2 and Web3 applications, I’ve seen firsthand the challenges faced by developers in the decentralized world. The sluggishness of DApps compared to their centralized counterparts is a well-known issue, and Maxim Legg’s solution for data indexing seems like a promising step towards addressing this bottleneck.
Decentralized Applications (DApps), often referred to as Web3 apps, are typically slower compared to traditional web applications (Web2) due to the need to gather and manage data distributed across various blockchain networks.
Maxim Legg, the CEO of Pangea – a service offering decentralized data indexing – expressed to CryptoMoon that data indexing is the key to resolving the issue of slow performance for applications in the Web3 environment.
Legg said data from RPC nodes, smart contracts, and other blockchain infrastructure can be hundreds of terabytes on high-throughput chains. Indexing is the process of organizing this raw blockchain data in a way that it can be effectively recalled later. The CEO told CryptoMoon:
“This is not something you want your developers to be dealing with. This is a real infrastructure problem. It can be solved once. It does not need to be solved individually by every single DApp developer.”
Many Web3 developers have to build complicated and time-consuming indexing tools on their own, as noted by Legg.
Throughput set to massively increase
As the number of transactions per second (TPS) increases for a blockchain, it generates more data that needs to be indexed by a Decentralized Application (DApp) working with that specific blockchain.
By October, Vitalik Buterin, one of Ethereum‘s creators, laid out plans for enhancing both the fundamental level and secondary scaling solutions of Ethereum, aiming to handle a collective processing capacity of more than 100,000 transactions per second.
Buterin’s plans for Ethereum, as laid out in the roadmap, aimed at enhancing compatibility between Ethereum and various layer-2 scaling solutions it supports.
At the recent DevCon 2024 conference, I, as a researcher, had the opportunity to listen to Ben Sasson, CEO of StarkWare, who shared exciting news about Starknet – an Ethereum layer-2 scaling solution we’re working on. He announced that within the next three months, Starknet’s transactions per second (TPS) capacity is expected to quadruple and match Solana network’s throughput level, demonstrating our commitment to improving scalability in the blockchain space.
ZKsync, a Layer-2 solution, aims to boost its processing speed in line with its objectives. Following the project’s timeline, the developers aspire to raise ZKsync’s throughput to an impressive 10,000 transactions per second (TPS) by 2025 and slash transaction fees to a minimal $0.0001.
Solana’s transaction processing speed, without requiring votes, typically falls between 800 to 1,050 transactions per second (TPS). The high-performance and integrated architecture of Solana has drawn a significant amount of developer interest, placing it at the forefront as the leading development ecosystem in 2024.
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2024-12-21 01:58