Today ConsenSys announced its ConsenSys Rollups, which batches transactions to enable far higher transaction throughput on both the public Ethereum blockchain and for enterprise blockchain applications on Quorum. The solution was developed with Mastercard’s support after participating in one of ConsenSys’s funding rounds earlier this year.
Typically private chains can achieve only 300 transactions per second (TPS) and 15 TPS on the Ethereum Mainnet, whereas ConsenSys claims its rollups achieve 10,000 TPS. Several companies have developed so-called rollup solutions. Last week Polygon, which operates a sidechain on the public Ethereum mainnet, acquired ZK-rollup startup Mir Protocol for $400 million. Other examples are ZKSync, Loopring and StarkEX.
However, most rollup companies are purely focused on the public blockchain. In contrast, ConsenSys is active in both the public and the private blockchain spaces as the original developer of Hyperledger Besu. It owns Quorum, which JP Morgan founded.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
