Ethereum could handle more transactions and run faster if most of them were processed at the same time, according to a new study.
A new study shows that nearly 65% of Ethereum’s transactions could be processed simultaneously, potentially making the network much faster. In a blog post on Friday, analysts at layer-1 network Sei (SEI) revealed that many Ethereum transactions are non-dependent and could occur concurrently, allowing the network to process more transactions and improve its speed.
Currently, Ethereum processes transactions one after another, also known as sequential processing. For example, if someone sends 1 (ETH) to one person and then that person sends 1 ETH to another person, these transactions must occur one after the other.
If they were processed at the same time, the second one would be incorrect because your account balance would not be updated yet. However, some transactions do not influence each other, as Sei’s study shows.
As Sei analysts explain, if Bob sends 1 ETH to Alice and someone else sends you 1 ETH at the same time, the two will not interfere with each other. These transactions can occur in parallel, meaning they can be processed at the same time.
The study found that 64.85% of Ethereum transactions occur this way, meaning they can be processed in parallel without waiting for others to complete. If this method is used, Ethereum could process many more transactions and become faster.
“Each block contains an average of 60.77 dependent transactions, indicating significant potential for optimizing parallel execution.”
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However, there are still some challenges. Some…
