Turbo Layer 2 Project Unveils Lightning-Fast Network with 400,000 TPS
CryptoNewsTerminal Staff06 Aug, 2024
Turbo Layer 2 Project Unveils Lightning-Fast Network with 400,000 TPS
In a groundbreaking development, Ethereum Layer 2 project Turbo has unveiled a revolutionary new chain capable of processing a staggering 400,000 transactions per second (TPS), according to The Block's report at the recent Blockchain Application Stanford Summit. This announcement marks a significant leap forward in blockchain scalability, far surpassing the limitations of Ethereum's 2-30 TPS and Solana's 1,000 TPS. Turbo CEO Aaron Greenblatt highlighted a key advantage of the new chain: eliminating the need for users to contend with exorbitant Ethereum gas fees when interacting with Turbo-based applications. This represents a major pain point addressed by this Layer 2 solution, offering a seamless and cost-effective user experience.
