Technology

SETL demonstrates 1m transactions a second on blockchain

Blockchain settlement and payment infrastructure provider SETL is claiming a “breakthrough moment” after its Regulated Liability Network (RLN) demonstrated that it can process one million transactions per second (tps). The RLN is a distributed ledger approach first mooted by Citi’s Tony McLaughlin in his paper, The Regulated Internet of Value. In the paper, McLaughlin proposed a single shared network for tokens, stating: “Such a network would be significantly different from today’s siloed financial architecture — a regulated internet of value. This system would embody tokenized currencies, bonds, equities, trade instruments, and other regulated financial instruments in an ‘always on’, programmable and global network.”

Full story : SETL demonstrates 1m transactions a second on blockchain.

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