Stellar tests Project Thruput, achieves 7 million payments per second

Stellar Development Foundation has unveiled Project Thruput, a breakthrough execution model designed to address a key scalability challenge for blockchain networks. According to crypto researcher SMQKE, Stellar’s new system recently completed a major benchmark test, handling 7.02 million payments per second on eight machines, marking a significant leap forward for the network. Traditional blockchain networks process transactions in a single global order. When multiple transactions seek to update the same data, they are forced into a queue, limiting the system’s ability to expand, regardless of the hardware available.

Source: CoinTurk News