True for ETH; not necessarily for faster chains.
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The future of Dexes lies solely in Layer2.
Layer1 Dexes are either too uneconomical or too centralized.
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Eventually a L1 will saturate. Only way to increase throughput is to use L2 solutions. Even if you have a L1 chain that can do 10M txs second, it will just delay the moment it will saturate and you'll have to move to L2.
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Why it happens? If L1 is fast and cheap people will think they can use it for anything: storage, gambling, sending money, selling horses and sheeps. Then you'll need anyway L2 solutions to break bottlenecks. It's just a function of time and success
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True, but I also think that there's a huge difference between 10m and 7. If you can get to 10m then you can get a TON more infrastructure up which is fast,
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I think we can live with 10M based on the current demand.
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Note that when I've said 10M it was purely hypothetical.
Hard to get that throughput today on a L1.
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I understand your point and agree inprinciple. Also understand the current throughput of L1 chains. The comment was a mild satire.
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I think 10m isn't totally out of the question. Solana is at 100k right now, and there's about a factor of 100 of moderately low-ish hanging fruit I think? IDK for sure, / @seb_alameda would know more
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Problem reaching 10M txs per second is more on the network side.
Maybe on a local machine, but on a distributed geographic net?
You could create 100 shards and have inter-shard sync, but then the chatter across shards might be too high with block time < 1s
Interesting stuff 😎
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Oh yeah you def can't get 1 tx to have a latency of < 1/1m s, but you can do multiple in parallel without sharding using e.g. memory allocation (what Solana does)
CPU/Mem is not the problem here, as mentioned on a single machine testnet it would probably all work fine.
But imagine shooting every 400ms, 10M transactions confirmations around to hundreds of nodes and synchronizing them all 🤯
That's why L2 solutions are popping out.
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10M is 20gbps, which is theoretically doable since pci4 bandwidth is 1tbps.
My guess is in that less then 10 years from now 20gbps will be as common for consumers as 1gbps.
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