Alchemy Achieves 66% Reduction in Delay for Stablecoin Transactions
Stablecoins are set to become faster, with improvements in transaction speeds that could rival traditional finance systems like Visa and Mastercard. Key points include:
- Alchemy has achieved a 66% reduction in delays across crypto transaction networks.
- The new Cortex Engine architecture reduces average response times from 300-400 milliseconds to under 50 milliseconds.
- This enables instant settlement experiences comparable to traditional payment systems.
- Throughput capabilities have increased to hundreds of thousands of requests per second, enhancing scalability for large applications.
- Alchemy supports major stablecoin issuers but does not directly support Tether Holdings Ltd.
- User feedback indicates noticeable speed improvements following the rollout.
These advancements position stablecoins to handle significant payment volumes effectively, further integrating them into the financial ecosystem.