Stablecoins Speed Up Thanks to ‘AWS of Crypto’ Alchemy’s Latest Upgrade
Stablecoins, the dollar-pegged tokens that now rival the volumes of Visa and Mastercard for international payments, are about to get faster.
While their traditional finance rivals can process upwards of 65,000 transactions a second (TPS), the web of decentralized blockchains in existence today offer a variety of latency values. However, the connections between large chunks of today’s Web3 architecture are about to improve dramatically, according to Alchemy, a blockchain infrastructure firm sometimes described as the “AWS of crypto.”
The firm, which handles data exchange between many decentralized applications, says it has achieved a 66% reduction in delays over crypto’s transaction rails, including much of the plumbing…
