quote: Moore's law hard at work FHE about to explode https://x.com/randhindi/status/2081853922839515295 | Today, we reached a massive, game changing milestone for @zama : 1,000 confidential transfers per second on GPUs! This is up from 0.2 tps when we first demoed FHE smart contract at ETHcc in 2022, a 5,000x improvement in just 4 years. Running an FHE node now costs only about $0.000004 per ERC7984 transaction, orders of magnitude cheaper than ZK. This breakthrough is a combination of better cryptography, better engineering and better hardware, which compounded to create this super-exponential performance improvement. We are confident we will reach 10,000 tps by 2028 and 100k tps by 2030. 1,000 tps is also the milestone we needed to achieve to feel confident launching on faster chains than Ethereum where users expect low latency, high throughput and near-zero gas fees. This hasn’t been activated on mainnet yet, and is planned for EOY alongside some other massive features and overall improvements. FHE is basically solved when it comes to financial transactions onchain, and we can finally kill the old narrative that FHE is slow, because, well, it’s now SUPER FAST 🚀🚀🚀

quote: Moore's law hard at work FHE about to explode https://x.com/randhindi/status/2081853922839515295 | Today, we reached a massive, game changing milestone for @zama : 1,000 confidential transfers per second on GPUs! This is up from 0.2 tps when we first demoed FHE smart contract at ETHcc in 2022, a 5,000x improvement in just 4 years. Running an FHE node now costs only about $0.000004 per ERC7984 transaction, orders of magnitude cheaper than ZK. This breakthrough is a combination of better cryptography, better engineering and better hardware, which compounded to create this super-exponential performance improvement. We are confident we will reach 10,000 tps by 2028 and 100k tps by 2030. 1,000 tps is also the milestone we needed to achieve to feel confident launching on faster chains than Ethereum where users expect low latency, high throughput and near-zero gas fees. This hasn’t been activated on mainnet yet, and is planned for EOY alongside some other massive features and overall improvements. FHE is basically solved when it comes to financial transactions onchain, and we can finally kill the old narrative that FHE is slow, because, well, it’s now SUPER FAST 🚀🚀🚀

Source:https://x.com/zama/status/2082010775070163300