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Turbo Protocol's Layer 2 reduces Ethereum gas fees by end of 2024?
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Ethereum gas fee statistics from blockchain analytics platforms
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Turbo Protocol's Ethereum Layer 2 Achieves 400,000 TPS
Aug 7, 2024, 06:23 AM
Turbo Protocol has launched a new Ethereum Layer 2 solution, claiming to achieve a processing speed of 400,000 transactions per second. This new blockchain technology significantly surpasses Ethereum's current throughput and is described as being 20,000 times faster. The Turbo Protocol's Layer 2 solution employs parallel transaction processing, which allows it to outperform other major systems, including Solana and Visa, in terms of transaction speed. The development aims to alleviate issues related to gas fees and enhance the overall efficiency of transactions on the Ethereum network.
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Significant increase in transaction speed • 25%
Significant increase in scalability • 25%
Both speed and scalability increase • 25%
No significant improvement • 25%
