Ethereum network researchers have presented a new solution called sidechain based on snark technology, which will allow the platform to process up to 17 thousand transactions per second, bringing its performance closer to Visa.
The snark-based sidechain concept allows you to process ether and token transactions outside the platform’s main network, which significantly increases its throughput. This model is similar to Plasma’s second level solution. Sidechain suggests that special operators are involved in closing transaction channels and transferring data about them to the Ethereum blockchain. In fact, users will perform operations within a smart contract..
The sidechain also provides ways to combat unscrupulous operators by punishing and replacing them. If such a situation arises, the data is returned to its original form, so the fraudster will not be able to steal funds and hold them for a long time..
Earlier, Vitalik Buterin said that the implementation of Plasma and Sharding solutions will create a synergistic effect that allows processing up to 1 million transactions per second. A snark-based sidechain can provide an additional 3000% efficiency gain. However, this takes time, now neither the network itself nor the decentralized applications based on it are ready to work with millions of users..
Another unique solution was presented by an amateur engineer from Colorado Springs, who created an electromagnetic combat rifle in his garage, which the US Army was already interested in and ordered the production of a prototype.
text: Sid Nietzsche, photo: shutterstock