Arcology launches Ethereum's first multithreaded rollup in Calgary

In Calgary, Canada, Arcology Network unveiled its innovative Ethereum Layer 2 solution on October 21, 2024. The introduction of a multithreaded rollup marks a significant advancement in blockchain technology by allowing parallel transaction processing, which significantly improves transaction throughput and reduces associated costs. Traditional Layer 2 solutions, reliant on Ethereum's single-threaded design, have struggled with scalability, often incurring transaction fees that exceed the value of the transactions themselves. The new parallel execution engine can handle an impressive 10,000 to 15,000 transactions per second (TPS) with a 1.5 billion block gas limit, providing exceptional performance under heavy network load without the risk of fee spikes. This infrastructure is particularly beneficial for developers aiming to implement decentralized applications that are complex and resource-intensive, which previously faced limitations on Ethereum's main blockchain. By utilizing optimistic concurrency control and a parallel database, Arcology Network successfully addresses potential transaction conflicts while maintaining full Ethereum Virtual Machine (EVM) compatibility. This means that existing developers familiar with Ethereum can transition seamlessly to the new system without extensive reconfiguration of their applications. As a result of this revolutionary technology, Arcology Network invites developers to explore its capabilities, thus contributing to the evolution of decentralized applications that require high performance and cost efficiency. With these advancements, Arcology is poised to become a pivotal player in the Ethereum ecosystem, challenging existing competitors while promoting wider application development.