Waves wants to put an end to false claims of faster speeds in Blockchain

Waves Enterprise has created a framework for load testing blockchain networks in real-life scenarios to provide greater transparency for its potential customers.

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Original sin
The ability to perform transactions, or the lack thereof, has been a very frequent discussion in the industry practically from the beginning. The first known response to Satoshi Nakamoto announcing Bitcoin Compass was on this very topic:

„We need such a system, but as I understand your proposal, it doesn’t seem to fit the size required.“

Much has changed since then, many alternative consensus protocols have been developed, and hundreds of public and licensed blockchains have been built. However, the issue of speed and capacity remains somewhat relevant, many of these second and third generation blockchains are much faster than Bitcoin’s, or at least, they claim to be.

Their supposed speeds range from a few thousand to millions of transactions per second, the latest initiative from Waves Enterprise, aims to accurately estimate the speed of a blockchain in various real-world scenarios.

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Customers deserve to know the truth
Artem Kalikhov, product manager for Waves Enterprise, told Cointelegraph that Waves Enterprises has been affected by unverified claims from competitors that promise higher speeds, he also believes that these false claims are hindering adoption. The long-term goal of this initiative is to convey to potential customers that when comparing various blockchains, one cannot rely on unsubstantiated claims and instead needs to be tested under conditions that are closer to real life:

„Often these platforms can provide results that were achieved under conditions that are not similar to the case of a customer’s use; and we are trying to convey that they (the customers) must first discover how the stated transactional capability will be affected by their use case. For example, let’s say, they claim it’s 300 transactions per second, but these transactions are 300 bytes or we’re transmitting encrypted data that must be decrypted and encrypted, this will generate a completely different stress on the network.

Kalikhov realizes that blockchains that knowingly make these unrealistic claims are unlikely to use the framework that Waves Enterprise has developed. However, he hopes that if potential users of this technology start demanding realistic testing, things will change.

More realistic metrics should help blockchain technology find wider adoption in the enterprise space.

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