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bloXroute Halves Block Creation Time on Ethereum Blockchain

Thursday, 28/11/2019 | 08:05 GMT by Arnab Shome
  • The block propagation time went down to 172 milliseconds from an average of 360 milliseconds.
bloXroute Halves Block Creation Time on Ethereum Blockchain
Reuters

Decentralized startup bloXroute Labs has reduced block propagation time on Ethereum’s Blockchain to half, thus opening doors to scale the network.

According to a Coindesk report on Wednesday, the advancement was revealed by Akomba Labs, a blockchain advisory firm, which ran bloXroute's "Blockchain Distribution Network" (BDN) on an Ethereum node in Singapore between November 11 and November 27. The block propagation time in the node went down to 172 milliseconds from an average time of 360 milliseconds.

Block propagation time is the time a block needs to be produced and shared throughout the blockchain.

Ethereum’s network is one of the largest public blockchains with a higher transaction cost. The study also concluded the effect of BDN on Ethereum’s block propagation and highlighted its cascading effect.

Not easy to scale a network of this size

Mentioning the challenges of Ethereum blockchain, Uri Klarman, chief executive at bloXroute, told the publication: “Ethereum feels the burn of the scalability bottleneck more than any other blockchain out there...It's losing momentum, it's losing market share. They feel the problem. Most others don't.”

The data for the two-week-long test were utilized from a Chinese mining pool.

The report also outlined that the blockchain scaling startup uses a layer 0 solution to reduce transaction size, speeding up block propagation time.

“We don't send the entire block because if the other gateways know the transaction out of there, you don't need to send the actual data itself – only pointers saying which transactions are there,” Klarman added.

bloXroute first started to test BND on Ethereum blockchain in September, resulting in a 25 percent reduction of block propagation time then. The CEO also revealed that the company is already running BDN on large mining pools with plans to scale up its operation.

Decentralized startup bloXroute Labs has reduced block propagation time on Ethereum’s Blockchain to half, thus opening doors to scale the network.

According to a Coindesk report on Wednesday, the advancement was revealed by Akomba Labs, a blockchain advisory firm, which ran bloXroute's "Blockchain Distribution Network" (BDN) on an Ethereum node in Singapore between November 11 and November 27. The block propagation time in the node went down to 172 milliseconds from an average time of 360 milliseconds.

Block propagation time is the time a block needs to be produced and shared throughout the blockchain.

Ethereum’s network is one of the largest public blockchains with a higher transaction cost. The study also concluded the effect of BDN on Ethereum’s block propagation and highlighted its cascading effect.

Not easy to scale a network of this size

Mentioning the challenges of Ethereum blockchain, Uri Klarman, chief executive at bloXroute, told the publication: “Ethereum feels the burn of the scalability bottleneck more than any other blockchain out there...It's losing momentum, it's losing market share. They feel the problem. Most others don't.”

The data for the two-week-long test were utilized from a Chinese mining pool.

The report also outlined that the blockchain scaling startup uses a layer 0 solution to reduce transaction size, speeding up block propagation time.

“We don't send the entire block because if the other gateways know the transaction out of there, you don't need to send the actual data itself – only pointers saying which transactions are there,” Klarman added.

bloXroute first started to test BND on Ethereum blockchain in September, resulting in a 25 percent reduction of block propagation time then. The CEO also revealed that the company is already running BDN on large mining pools with plans to scale up its operation.

About the Author: Arnab Shome
Arnab Shome
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Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well. His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report. Area of coverage: 1. CFD broker-related news 2. Industry-related Regulatory updates and developments 3. New retail trading trends 4. Prop trading industry updates 5. Executive interviews Education: Bachelor of Technology - National Institute of Technology, Agartala (India)

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