At the IBM Think conference in San Francisco,
Samsung SDS revealed that it has developed Accelerator software that is capable of speeding up Hyperledger Fabric transactions by as much as ten times.
Bitcoin is widely known to be very slow and only capable of seven transactions per second (TPS). However, enterprise blockchains don’t use Proof of Work and hence are much faster. Last February tests showed Fabric could reach
3,500 TPS and more recent experiments point to
20,000 TPS.
Nonetheless, compared to conventional databases, blockchains are slow. So this is a fertile area for research. The reason for the speed challenge is that the content lives on multiple servers and there has to be consensus about the transactions that are added.
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