Ethereum’s transaction speed could receive a significant boost, with nearly 65% of its transactions potentially being processed in parallel, according to new research.
Analysts at Sei, a layer-1 network, revealed in a December 27 blog post that most Ethereum transactions are independent and could be executed simultaneously, enhancing network efficiency and performance.
Currently, Ethereum processes transactions sequentially. For example, if Person A sends 1 ETH to Person B, and Person B then transfers 1 ETH to Person C, these transactions must occur one after another to ensure accuracy. However, Sei’s analysis shows that many transactions are independent, meaning they don’t affect each other and can be executed concurrently without conflicts.
The study highlights that 64.85% of Ethereum transactions fall into this category, where they don’t interfere with other transactions in the same block. For instance, if Bob sends 1 ETH to Alice while someone else sends 1 ETH to Charlie, these independent transactions can be processed in parallel, reducing delays and boosting throughput.
Sei’s researchers noted that each Ethereum block averages 60.77 dependent transactions—those requiring sequential execution—leaving 35.15% of transactions tied to dependencies. To address this, Sei proposes adopting “optimistic concurrency control,” a method that assumes no conflicts during parallel processing and verifies transactions afterward. This technique, already utilized by Sei’s protocol, could simplify development while increasing speed.
Another potential solution is sharding, where the network is divided into smaller segments to enhance scalability. Ethereum could explore this method alongside other scaling techniques.
This development aligns with Ethereum co-founder Vitalik Buterin’s vision for the “Surge” phase, which aims to scale the network to process over 100,000 transactions per second (TPS). Buterin recently emphasized the importance of improving interoperability between Layer 2 networks while scaling Ethereum’s base layer to meet growing demand.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
