• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Disclaimer
Sunday, March 24, 2024
CryptoBangs.com
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator
No Result
View All Result
CryptoBangs.com
No Result
View All Result

Mysten Labs Technology Prototype on Sui Provides First Proof of Elastic Blockchain Scaling – Blockchain News, Opinion, TV and Jobs

March 20, 2024
in Blockchain
Reading Time: 3 mins read
A A
Mysten Labs Technology Prototype on Sui Provides First Proof of Elastic Blockchain Scaling – Blockchain News, Opinion, TV and Jobs
ShareShareShareShareShare

Palo Alto, California, March 20th, 2024, Chainwire

Related articles

Best Crypto to Buy Now March 23 – Internet Computer, Fetch.ai, Bitcoin Cash

Best Crypto to Buy Now March 23 – Internet Computer, Fetch.ai, Bitcoin Cash

March 23, 2024
New Cryptocurrency Releases, Listings, & Presales Today – Fluence, Tweety, Pepe Sora AI

New Cryptocurrency Releases, Listings, & Presales Today – Fluence, Tweety, Pepe Sora AI

March 23, 2024

Pilotfish, a prototype Sui extension, was able to grow smart contract execution throughput in direct proportion to the number of machines used.

Mysten Labs, a team of leading distributed systems, programming languages, and cryptography experts and originators of the Sui Network, today announced a landmark achievement in scaling blockchain capacity. During testing and development in a Sui blockchain environment, Pilotfish, a prototype Sui extension, increased throughput by 8x when backed by 8 machines, successfully illustrating the possibility of linear scaling. Notably, the latency per transaction decreased as more machines were added during the test, proving the viability of linear horizontal scaling for low latency blockchain transactions for the first time ever on any blockchain.

This proof-of-concept, was formally presented as an academic preprint titled, “Pilotfish: Distributed Transaction Execution for Lazy Blockchains,” and initially shared on January 29, 2024 as an article on the open access archive arXiv. 

“Pilotfish is a game changer as the blockchain industry seeks to achieve the same dynamic capacity increase currently possible only with centralized server technologies,” said Lefteris Kokoris-Kogias, one of the authors of the paper and researcher at Mysten Labs. “Pilotfish has the potential to push throughput well beyond what is currently at the forefront of high-performance blockchains, enabling transaction throughput levels no other blockchain existing today can achieve.”

Sui leads the industry in throughput by leveraging multiple cores for parallel transaction execution within individual validators. Using this approach, within months following mainnet, Sui reached 65.8 million transaction executions in a single day—the most of any blockchain ever. However, a single machine can only incorporate a finite number of cores, so throughput gains via this strategy are limited. Moreover, the machines capable of accommodating large numbers of cores are expensive to buy and use. The breakthrough solution that Pilotfish offers enables a single validator to employ multiple servers simultaneously. This new technology not only makes elastic capacity possible, but its auto-scaling architecture, akin to centralized solutions like AWS or Heroku, allows the use of smaller, cheaper servers available on demand.

Nearly all other blockchains aiming to scale use some form of batching—grouping transactions together to be added all at once. The downside of this method is significant additional latency. Instead of transactions moving directly to finality, they are delayed waiting for others to be batched for execution with them. Unlike these other scaling solutions, Pilotfish achieves potentially linear throughput scaling without increasing latency. In the simplest terms, with the horizontal scaling enabled by Pilotfish, simply by engaging the requisite number of machines, a validator can adapt its throughput and resource use to the use case at hand.

Alberto Sonnino, a research scientist at Mysten Labs, said, “Until now the only option to increase a validator’s capacity has been to upgrade to a more powerful machine. Pilotfish removes that constraint, making possible horizontal scaling by simply adding servers and without delaying execution. With Pilotfish, the question is no longer whether a level of throughput is possible, only how many servers it will require.”

Pilotfish achieves its remarkable scalability by enabling a single validator to execute transactions across multiple machines. Specifically, Pilotfish partitions the validation function into three key roles: (1) the Primary, which handles sequencing transactions using a high-throughput consensus, (2) SequencingWorkers (SWs), which store transactions and dispatch them for execution; and (3) ExecutionWorkers (EWs), which store the blockchain state and execute transactions received from the SWs. Different components may reside on multiple different machines to increase the capacity of the system with more precision.

In experimental results, Pilotfish has already achieved remarkable results in terms of linear scaling, low latency, and support for various workloads. In testing, Pilotfish reduced network response times and maintained a latency envelope below 20ms. Future plans include enhancements like multiple SequencingWorkers, shard replication, and ultra-fast networking.

Contact

Mysten Labs
lexi.wangler@mystenlabs.com

Credit: Source link

ShareTweetSendPinShare
Previous Post

Sybil attack concerns spark controversy for EtherFi airdropped ETHFI token

Next Post

With 1 Month to Go, Bitcoin Halving Poised to Shift Mining Dynamics

Related Posts

Best Crypto to Buy Now March 23 – Internet Computer, Fetch.ai, Bitcoin Cash

Best Crypto to Buy Now March 23 – Internet Computer, Fetch.ai, Bitcoin Cash

March 23, 2024

Join Our Telegram channel to stay up to date on breaking news coverage We cover some contenders for the best...

New Cryptocurrency Releases, Listings, & Presales Today – Fluence, Tweety, Pepe Sora AI

New Cryptocurrency Releases, Listings, & Presales Today – Fluence, Tweety, Pepe Sora AI

March 23, 2024

Join Our Telegram channel to stay up to date on breaking news coverage The impending bull run has caused an...

Sablier Labs Secures $4.5M Seed Funding to Revolutionize Token Streaming

Sablier Labs Secures $4.5M Seed Funding to Revolutionize Token Streaming

March 23, 2024

Sablier Labs announces a successful $4.5M seed funding round led by prominent crypto investors to enhance its innovative token distribution...

OKX Exchange Announces Venom Network’s VENOM Token Listing

OKX Exchange Announces Venom Network’s VENOM Token Listing

March 23, 2024

Global crypto exchange OKX announces the listing of Venom Network's VENOM token on its spot market, expanding trading options with...

Apple’s M-series Processors Could Have Dire Implications For Crypto Users

Apple’s M-series Processors Could Have Dire Implications For Crypto Users

March 23, 2024

A new research disclosed that MacBook crypto users’ crypto funds are at risk because of Apple’s M-series chipset.Apple Inc. is...

Load More
Next Post
With 1 Month to Go, Bitcoin Halving Poised to Shift Mining Dynamics

With 1 Month to Go, Bitcoin Halving Poised to Shift Mining Dynamics

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Top Three Solana Meme Coins That Could 50x This Bull Season

Top Three Solana Meme Coins That Could 50x This Bull Season

March 22, 2024
Riksbank’s Final Report on e-Krona Explores Offline Payment Solutions

Riksbank’s Final Report on e-Krona Explores Offline Payment Solutions

March 21, 2024
Sablier Labs Secures $4.5M Seed Funding to Revolutionize Token Streaming

Sablier Labs Secures $4.5M Seed Funding to Revolutionize Token Streaming

March 23, 2024
Binance announces the sunset of the BNB Beacon Chain (BEP2) network

Binance announces the sunset of the BNB Beacon Chain (BEP2) network

March 22, 2024
BlockDAG’s Sensational Presale Now in Batch 4; Chainlink and AKT Crypto’s News Propels Investors Towards BDAG’s Promising 5000x ROI

BlockDAG’s Sensational Presale Now in Batch 4; Chainlink and AKT Crypto’s News Propels Investors Towards BDAG’s Promising 5000x ROI

March 22, 2024
CryptoBangs.com

CryptoBangs.com is an online news portal that aims to share the latest crypto news, bitcoin, altcoin, blockchain, nft news and much more stuff like that.

What’s New Here!

  • Top Altcoins Below $1 To Stack Now for 10x Profits in April!
  • AirBaltic To Hold Private Event for Planies NFT Holders
  • Analyst Predicts $15 Price Target
  • Renowned Investor Jim Rogers Expects All Cryptocurrencies to ‘Disappear’ — Says Bitcoin Will ‘Go to Zero Someday’

Newsletter

Don't miss a beat and stay up to date with our Newsletter!
Loading

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Disclaimer

© 2023 - CryptoBangs.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator

© 2018 JNews by Jegtheme.

You have not selected any currencies to display
WP Twitter Auto Publish Powered By : XYZScripts.com