Aelf, a blockchain project aiming at enterprise-grade scalability, ran successful simulations on the testnet, reaching 14,698 transactions per second. Aelf launched its testnet in July, and has been constantly optimizing and iterating the blockchain parameters.
Aelf uses a semi-decentralized ecosystem, known as a cluster node ecosystem. This enables Aelf to reach much higher speeds than other blockchains. Even the fastest blockchains like EOS peaked at 3972 transactions per second in real life. To compare, VISA habitually works through 1,600 transactions per second, albeit 23,000 TPS in peak conditions. Bitcoin’s network handles 4-5 TPS.
The success of the tests ran this August may be repeated. Aelf plans to launch its mainnet in Q1 2019, and until then the results may improve. At its fullest, the Aelf platform would unroll a decentralized operating system, with enough speed and processing power to serve businesses.
“We have hit 15,000 TPS, and this is just the beginning. Imagine where we will be in 6 or 12 months’ time!” said Zhuling Chen, Co-founder and COO of Aelf.
Aelf’s approach is to use a main chain and sidechains, as well as optimized node processing. The Aelf team explained the process that led to the test results in a recent blog post:
“Every aelf node will process as a cluster through the use of parallel processing to increase the TPS. Parallel processing is a key function in the development. The current test focused on the benchmarking of parallel processing.”
The Aelf protocol is still being optimized, in terms of grouping transactions for processing, as well as optimizing server resources to achieve even faster results.
AELF is currently an Ethereum-based token, but in the future will become an independent platform after the new mainnet migration. The current AELF market price is $0.36, down from previous peaks above $2 and as high as $2.77 on January 7, 2018.