Venom Foundation Proposes Standardized Blockchain TPS Benchmark

Venom Foundation, the platform backing the Venom blockchain, has reportedly expressed support for a single blockchain TPS standard model. In this respect, the Venom Foundation has urged the blockchain market to adopt an inclusive and verifiable model for transaction-per-second (TPS) standards.

In the official press release, the platform pushed L2 and L1 networks, auditors, institutional infrastructure consumers, and benchmark platforms to bring more reproducibility and transparency to performance claims. Hence, the proposed approach would permit each of the TPS figures to get a seamless accompaniment from standardized information elaborating on the measurement of the results.

Venom Proposes Unique, Common Blockchain TPS Benchmark Model

The Venom Foundation’s latest proposal persuades the leading blockchain entities to establish a common model focusing on the transaction-per-second (TPS) standards. Specifically, the proposal builds on the argument that it is often not possible to compare just throughput numbers as networks utilize diverse transfer definitions, testing, validator configurations, and workload settings.

So, the new initiative attempts to develop a framework that deals with blockchain performance claims in the form of an evidentiary benchmark. As a result, it emerges as a relatively refined model in comparison with the role of autonomous security audits in next-gen smart contract infrastructure. Apart from that, Venom does not consider inaccurate reporting to be necessarily the core issue. Rather, it says that having no common definition of the actual representation of a TPS denotes the real problem.

A single blockchain has the ability to produce dramatically dissimilar throughput values in line with whether the measurement underscores theoretical capacity, a specific transaction type, a short-term peak, or sustained activity. In particular, Solana offers an example of the respective discrepancy. Simultaneously, Chainspect, an autonomous analytics platform, has listed a peak 65,000 TPS capacity for its ecosystem, whereas the recorded maximum is 7,700 TPS within a more than 100-block window.

Additionally, the real-time activity thereof is still within the low thousands. Back in August last year, a mainnet stress experiment also generated a broadly reported 107,540 TPS figure in one block. This occurred despite the majority of its workload comprising no-operation project calls instead of ordinary smart contract interactions or transfers.

Paving Way for Seamlessly Reproducible Blockchain Standards to Expand Blockchain Adoption

The Venom Foundation’s CEO, Christopher Louis Tsu, said, “A TPS figure published without its test conditions tells you almost nothing.” He added that the six-figure throughput of a network leads to several immediate questions. They include the representation of a transaction, the number of validators involved in the process, the underlying data’s place, the hardware, and the timespan.Thus, the proposed framework effectively requires each of the published throughput standards to reveal these primary parameters to determine the success of a transfer.

According to the Venom Foundation, there is another requirement for the networks to specify the test’s duration, creating a difference between the monetary peak size and sustained throughput. The rest of the disclosures would take into account validator numbers, stake and geographic distribution, network conditions like bandwidth, cloud infrastructure, and latency, and hardware specifications. At the same time, it addresses finality, covering the process and time of the transfer finality.

Moreover, the Venom Foundation also discussed the successful public performance testing of TON back in 2023, providing relatively transparent benchmarking. Overall, amid the increasing focus of the blockchain infrastructure on the institutional utilities related to payments, custody, and settlement, the reproducible performance data has the potential to become a primary element for substantial technical due diligence.