Non-profit organization Distributed Technology Research (DTR), which included professors from mit, Stanford University and the University of California at Berkeley, began developing a cryptocurrency Unit-e, estimated the capacity of which is 10 000 Tps.
As the Bloomberg, the development of the Fund the Fund Pantera Capital Management LP.
In published scientific work, scientists describe new mechanisms of consensus building, as well as new methods of sharding, which allows to save the nodes from having to handle all existing transaction history.
As noted by the project participant and a Professor of electrical and computer engineering, University of Illinois at Urbana-Champaign Pramod Vishwanath, first and foremost, DTR will carefully review the limitations of the blockchain technology to develop an alternative, as free from them.
“Bitcoin has proved the possibility of achieving distributed trust, but it is not scales in the proportions necessary to acquire the status of a global currency, used for everyday payments,” added Vishwanath.
Scientists hope that their development will be able to compete with the Visa system, which are limited to 1700 transactions.
It is expected that Unit-e will be launched in the second half of 2019.
We will remind, in December 2018, the company Conflux Foundation raised $35 million to develop innovative, scalable blockchain-network throughput test which reached 6,400 transactions per second.
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