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)
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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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My point is: if you want to scale 50x, L2 is something that you can implement today, without almost increasing requirements of L1. And it's really elegant from the engineering point of view.
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Replying to @aeyakovenko @SBF_Alameda and @DecentralStn
In the future you will be able to send the entire Netflix lib in 1 sec but that's not the point.
Wouldn't a L2 approach make Solana much more efficient today (if you want to increase thoughput even more), without increasing complexity or requirements?
standard.co.uk/tech/london-sc
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Yea, so is the perfect l2 :). Move your erc20s into and bridge and get the benefits of cheap low latency settlement with financial rails like exchanges and stable coins without ever needing to go back to the l1.
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If you're thinking of a L2, might as well also make it an L1.
If you're thinking of an L1, remember that it can later become an L2 (even on itself!)
