Existing L2 networks can increase their transaction and smart contract throughput by 100 times by utilizing Sovereign Chains.
The MultiversX smart contract platform has the potential to enhance the transaction throughput of existing layer-2 (L2) blockchain networks by up to 100 times.
The significant scalability boost is enabled through MultiversX’s recently introduced Sovereign Chains, a blockchain-as-a-service solution allowing existing L2s to inherit the scalability MultiversX.
By leveraging Sovereign Chains, existing L2 networks can increase their transactions per second (TPS) and smart contract TPS by up to 100-fold, according to Beniamin Mincu, CEO and co-founder at MultiversX.
