The Somnia blockchain will enter the DevNet phase in the coming weeks.
Improbable claims that the blockchain will process more than 400,000 transactions per second.
Unlikely, the British metaverse tech company creating Yuga Labs’ Otherside platform, has said that the Somnia blockchain will enter its DevNet phase in the coming weeks.
The blockchain will process more than 400,000 transactions per second (TPS) with sub-second latency and low fees, according to Improbable, and is also compatible with Ethereum Virtual Machine (EVM).
“The blockchain [will] enable very, very high transaction throughput and the ability to put more things on the chain,” unlikely co-founder and CEO Herman Narula told CoinDesk.
“No one has managed to build a powerful blockchain in the past ten years. I think the incentives in the space have really made people lean towards short-term wins, pumping out tokens [and] we’re not really solving real problems,” he said, adding that average transaction volumes at some chains are in the single digits.
The project is led by the Virtual Society Foundation, which Improbable helped set up in March this year. It is funded by Improbable’s M2, a network of interoperable metaverses backed by investors such as a16z and SoftBank.
He said that over the past two years his team has been researching and building new technology that enables hundreds of thousands of transactions per second, which is “really essential for building any kind of real applications.”
In one Tweet thread earlier this year, Narula said the industry needs a better layer to build true consumer-scale metaverses.
He used the analogy of a restaurant to explain the current challenges. “Parallel execution means more waiters, so more tables can be served. That’s fine, unless everyone’s orders start referring to everyone else’s orders… then things go terribly wrong. This requires a very different solution, one that is surprisingly similar to what we had to do to handle billions of motion updates when there is a crowd in one place.” he said.
“That’s why our plan is not more waiters… to use a non-technical analogy, we plan to give one waiter a whole bunch of drugs to make them work faster… In conclusion, Somnia: let’s give the EVM crack.”
Credit : cryptonews.net
