Smart contract layer-1 blockchain network Avalanche’s testnet has reportedly hit over 140,000 transactions per second during testing of its HyperSDK blockchain upgrade.
Avalanche is currently testing a framework for building high-performance Virtual Machines (VMs) from scratch on the network.
According to Ava Labs, HyperSDK is structured so that developers can “plug into a lightning-fast execution environment without writing massive amounts of code from scratch.”
This enables the simplification and acceleration of custom VM development, making it easier for developers to launch optimized blockchains.
HyperSDK reached a whopping 143,322 transactions per second in a controlled testing environment, according to a screenshot shared on GitHub.
In comparison, Avalanche claims to currently process up to 4,500 TPS, Solana claims between 2,000 and 3,000 TPS, and Ethereum does just 15-20, according to data from Coincodex.
— JonB (@Jonbros01) September 2, 2023
Speaking to Cointelegraph’s Andrew Fenton at the Korea Blockchain Week 2023, the head of product at Ava Labs, Nick Mussallem, said he expects real-world throughput to eventually settle around 50,000 TPS.
“They’ve clocked at it at 141,000. But that’s in a very controlled environment. So I think if you were to cut that in half, it would still be very generous and probably will do more than that.”
Referring to the blockchain trilemma, which is the delicate balance between decentralization, scalability, and security, he said nothing was sacrificed, adding that the Avalanche developers wrote it from scratch to better handle state management:
“Basically took out a lot of the stuff that was in the EVM (Ethereum Virtual Machine) that they felt was unnecessary on the networking layer, or at the storage layer, and then put our consensus algorithm underneath it. And it just goes fast. Now it’s optimized.”
Blockchains built with HyperSDK will operate as subnets called HyperChains and can be adapted for any function the developer wishes.
There will be a user interface (GUI) that doesn’t require additional coding and developers will also have a choice of VM. “You can literally launch it in five minutes,” said Mussallem.
Mussallem said HyperSDK was open source and available right now, “but it’s very much in the early beta stages.”
It hasn’t been launched and is not production ready yet as the target for that is by the end of the year, he added.