The latest performance test shows that Waterfall Network has become the most scalable smart contract

On November 7, 2024, Waterfall Network, the most innovative Layer 1 decentralized and scalable ledger, announced that its mainnet has achieved a milestone of 12778 transactions per second (TPS), marking a significant breakthrough.

In Test 1, Test 2, and Test 3 alone, Waterfall Network generated over 1000000 transactions and measured the speed at which they were added to blocks after being fully confirmed on the network. This is the first significant milestone for the Waterfall Network mainnet since its launch in July, which is 1000 TPS higher than the peak of 11667 TPS before the Waterfall Network testnet. The latest benchmark tests highlight Waterfall Network's outstanding scalability in EVM compatible and non EVM layer 1 (L1) and layer 2 (L2) networks. Of particular note is that Waterfall surpasses EVM compatible networks such as Monad and SEI, as well as non EVM networks such as Solana and Aptos, in TPS. Chainspec and other validated sources of data support this claim.

On November 1st of this year, Waterfall Network successfully completed integration with Chainsect, a leading independent blockchain analysis platform. According to Chainspec's data, Waterfall is considered the most scalable protocol based on EVM currently available.

At present, the main network of Waterfall Network is supported by 8232 validators, which is nearly four times the number during the testing phase, ensuring efficient and reliable transaction processing.

Sergii Grybniak, Chief Technology Officer and Head of Waterfall Research at Blue Wave, said, "The Waterfall Network continues to break through the boundaries of scalability and decentralization at the consensus mechanism level, becoming one of the few networks that can surpass the performance benchmark of the test network on the main network." He further pointed out, "The Waterfall Network is gradually becoming the most scalable decentralized network in the blockchain field, capable of running on almost all types of nodes

Tests conducted with support from the Google Cloud Web3 entrepreneurship program have shown that Waterfall Network's mainnet is the most decentralized network, capable of supporting over 1.5 million validators, surpassing any other proof of stake network, including Ethereum. Waterfall's testing covers home computers, laptops, and cloud servers provided by Google Cloud, Amazon Web Services, Digital Ocean, and Hetzner. In addition, Waterfall Network has also been accepted by Hyperledger Labs' renowned GitHub space, which provides opportunities for open-source blockchain projects to experiment, establish credibility, and engage with global expert communities to promote project growth and adoption. This opportunity has increased the project's visibility, gained peer support, and valuable feedback, thereby contributing to the overall improvement of the network.

Waterfall's unique protocol utilizes the next-generation Directed Acyclic Graph (DAG) technology, enabling decentralized applications (dAPPs) to achieve almost unlimited scalability and portability. When validators sign on the Waterfall network, funds and rewards are also distributed to researchers and developers who assist in community driven security audit activities, such as completing vulnerability bounty programs.

About Waterfall

Waterfall is a leading Layer 1 blockchain architecture dedicated to providing secure, scalable, and decentralized solutions to help decentralized application (dAPP) developers change the world. Waterfall's use of directed acyclic graph (DAG) technology enables it to achieve this and allows validator nodes to run from any device, including future low-cost laptops and smartphones. Waterfall is compatible with the Ethereum Virtual Machine (EVM), allowing for portability of decentralized applications, and has extremely low hardware requirements for participants to become validators, making it easy for more people to participate in the network's verification process.

If you want to learn more about the Waterfall network and run your own nodes, please visit our official website or communicate with us through Telegram, Twitter, or Discord.