MegaETH Launches Public Testnet with High-Throughput Capabilities
- MegaETH’s public testnet launched, achieving 20,000 transactions per second (TPS).
- The protocol features 10 millisecond blocktimes.
- Backed by Ethereum co-founders Vitalik Buterin and Joseph Lubin.
- Raised $20 million in seed funding at a “nine-figure” valuation.
- Aims to scale to 100,000 TPS and sub-millisecond latency.
MegaETH has launched its public testnet, showcasing capabilities of handling 20,000 TPS with plans to scale further. Supported by prominent investors like Vitalik Buterin, the project raised significant funding to enhance Ethereum scaling solutions.
Source (2.6)https://www.theblock.co/post/347613/high-throughput-ethereum-scaler-megaeth-debuts-public-testnet-hitting-20000-tps-on-day-one
