Originally published on: December 02, 2024
Waterfall Network, a revolutionary decentralized protocol utilizing directed acyclic graph (DAG) technology, has broken barriers by achieving nearly 13,000 transactions per second (TPS) on its mainnet. This milestone marks a significant step towards addressing the longstanding issue of scalability in the blockchain industry.
The blockchain trilemma — the challenge of balancing scalability, security, and decentralization — has long plagued developers. Traditionally, achieving all three simultaneously has been a difficult task, often leading to compromises in decentralization for the sake of scalability and security.
However, Waterfall Network has introduced a groundbreaking architecture based on DAG that allows for highly scalable and decentralized transactions. By enabling parallel block creation and transaction processing, Waterfall Network offers potentially unlimited scalability while maintaining security and decentralization.
Recent performance tests have shown that Waterfall Network outperforms leading platforms like Solana and Aptos in terms of scalability, making it a true game-changer in the blockchain space. With the ability to run validator nodes on low-cost devices and achieve high transaction throughput, Waterfall Network is paving the way for a more inclusive and efficient decentralized ecosystem.
Through strategic collaborations with industry leaders like Google Cloud and membership in Decentralized Trust Labs, Waterfall Network is pushing the boundaries of what is possible in the realm of smart contracts. With Ethereum Virtual Machine (EVM) compatibility and seamless integration with existing Ethereum applications, Waterfall Network is bridging the gap between Web2 and Web3 technologies.
Since its public launch, Waterfall Network has seen tremendous growth, with a 339% increase in total value locked (TVL) within the first month. The network currently boasts over 8,000 active validators, solidifying its position as a leading decentralized proof-of-stake (PoS) platform.
Sergii Grybniak, Head of Research at Waterfall Network, expressed his confidence in the platform’s scalability and decentralization goals, stating:
“With the ability to run on virtually any type of node, the Waterfall Network is on track to become one of the most scalable and decentralized layer-1 networks.”
As the industry continues to evolve, platforms like Waterfall Network are at the forefront of driving innovation and unlocking new possibilities for smart contracts and decentralized applications. By combining the best of Web2 and Web3 technologies, Waterfall Network is shaping the future of smart contracts with a focus on scalability, inclusivity, and innovation.
