MegaETH Develops Ethereum-Compatible Blockchain with 100,000 TPS Capability
MegaETH is developing a real-time Ethereum-compatible blockchain with the objectives of:
- Sub-millisecond transaction latency
- Over 100,000 transactions per second (TPS)
This aims to improve blockchain performance relative to traditional cloud computing.
Key features include:
- Node specialization with distinct roles for:
- Sequencers: Manage transaction ordering and execution
- Replica Nodes: Store copies of the blockchain state for read requests
- Full Nodes: Validate transactions and update blockchain state
- Provers: Create cryptographic proofs for validation
- Mini blocks: Enable block production every 10 milliseconds, enhancing transaction speed and reducing latency
- Optimized EVM: Utilizes Just-In-Time (JIT) compilation to transform smart contracts into native machine code, improving execution speed for dApps
MegaETH has received $20 million in seed funding led by Dragonfly Capital, with participation from Ethereum co-founders Vitalik Buterin and Joseph Lubin. This reflects strong community support for MegaETH's potential to enhance blockchain scalability and performance.