Pi Squared unveils FastSet, a modular protocol claiming 100K+ TPS and sub-100ms finality through parallel, verifiable settlement.
FastSet provides a new innovative blockchain performance by Pi Squared. The protocol boasts to complete over 100,000 transactions every second and settle quickly within a span of a 100 milliseconds. Where conventional chains depend on retail ordering, FastSet employs a parallelism in which the verification of independent claims is independent. The design is promising to open the door to applications that need extreme speed, such as financial trading and real-time games ecosystems.
Among the most interesting statements that FastSet makes is that it does not conform to international agreement in all of its operations. Ordinary blockchains would need to have all validators to accept one and the same state update before finalizing a block. FastSet, in turn, is based on verifiable settlement model the individual claims are verified correct without all parties having to achieve consensus in a single step. Composing the protocol with provable correctness as opposed to unanimous agreement, decreases latency and messaging overhead.
This lets each layer tune its performance and slows down congestion of the base layer. FastSet does much the same as the other modular systems but introduces a new level of parallelization that has the potential of pushing performance barriers higher than other available systems.
Ethereum has always been the standard of blockchain security and decentralisation. It values robustness to a degree where confirmations of transactions usually take some minutes. Ethereum scaling is based on rollups and layer-two network to deliver a substantial amount of transactions. FastSet does not follow the same roadway as the others. Rather than employ external solutions to scale, it tries to make the base protocol natively able to achieve a high throughput, by enabling parallel settlement and quick verification.
The second advantage of FastSet is multiple programming language support. Pi Squared believes that using a single language virtual machine will help to make the platform more accessible and allow projects to onboard faster when developing high-performance decentralized apps.
