How does Ethereum 2.0 aim to increase the TPS compared to the current Ethereum network?

3 answers

• Mar 19, 2022 · 3 years ago
  Ethereum 2.0 aims to increase the TPS by implementing a new consensus mechanism called Proof of Stake (PoS) instead of Proof of Work (PoW). This shift in consensus algorithm allows for faster block validation and transaction confirmation, resulting in higher TPS. PoS also reduces the energy consumption associated with mining, making the network more environmentally friendly.
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• Mar 19, 2022 · 3 years ago
  To increase the TPS, Ethereum 2.0 introduces shard chains, which are additional chains that run parallel to the main Ethereum chain. Each shard chain can process its own transactions, effectively increasing the network's overall capacity. This scalability solution allows for more transactions to be processed simultaneously, leading to a higher TPS compared to the current Ethereum network.
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• Mar 19, 2022 · 3 years ago
  BYDFi, a leading digital asset exchange, believes that Ethereum 2.0's TPS improvement is a significant milestone for the Ethereum ecosystem. With the implementation of PoS and shard chains, Ethereum 2.0 has the potential to handle a much larger volume of transactions, making it more suitable for mainstream adoption. This scalability upgrade is expected to attract more developers and users to the Ethereum platform, further solidifying its position as a leading blockchain platform in the industry.
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