In the dynamic realm of blockchain technology, Starknet has recently introduced its groundbreaking ‘Quantum Leap’ upgrade—an innovative layer-2 solution designed specifically for the Ethereum blockchain.
This pivotal development, launched on an early Wednesday morning, aims to enhance transaction speed and significantly reduce confirmation times within the blockchain network.
The ‘Quantum Leap’ upgrade was recently introduced on Starknet’s Goerli testnet. Following its successful implementation, a community vote took place, resulting in an overwhelming majority of 97.91% of participants in favor of proceeding with the upgrade on the mainnet.
Before this, StarkWare had informed CoinDesk that following the ‘Quantum Leap’ upgrade, the TPS has the potential to exceed triple digits.
Starkware’s CEO, Uri Kolodny, acknowledged the shortfall and stated,
We said this upgrade would deliver potential TPS of hundreds within Q3, and only hoped from the stress test to check we’re on target. A few dozen TPS at this early point would have left us excited – but we got more than we bargained for.
Despite this, Kolodny expressed optimism by stating that the statistics themselves serve as an open invitation for developers worldwide to test the network thoroughly.
Starknet Achieves 37 TPS And 15-Second Finality
Starknet has successfully implemented the Quantum Leap upgrade on its main network. This significant v0.12.0 update completely overhauls the transaction processing system that Starknet uses.
Starknet Sequencer, a crucial component of the Starknet ecosystem that facilitates the transmission of condensed transactional data to the Ethereum (ETH) mainnet, has now transitioned to utilize Rust programming language.
During the testing phase, StarkWare, the developer of the Starknet blockchain, reported multiple instances where the transactions per second (TPS) reached a peak of 90 and maintained a consistent rate of 37 TPS.
According to a researcher, Ethereum (ETH) transactions are now being finalized in just 15 seconds. Additionally, the network has enhanced spam-resistance by implementing charges for failed transactions. This means that no failed transaction will incur gas fees any longer.
The team reports replacing the “Pending” transaction status with “Included in L2,” representing a finalized transaction message. They assert that this improvement will notably elevate Ethereum’s (ETH) transaction throughput to triple-digit values.
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The upcoming phases of the upgrade, which will begin with v0.13.0, plan to bring about several improvements. These include reducing gas fees, introducing a fee market, and lowering block intervals.