High-performance FastSet protocol by Pi Squared surpasses 100,000 transactions per second (TPS) and achieves sub-100 millisecond finality, empowering blockchains, applications, and agents for trustless scaling.
In the rapidly evolving world of blockchain technology, Pi Squared's FastSet protocol is making waves with its lightning-fast and cost-effective micro-payments for AI agents.
FastSet has surpassed the milestone of 100,000 transactions per second (TPS) with sub-100ms finality, setting a new standard in scalability and speed for the industry. This groundbreaking achievement is set to be showcased in a public performance on August 12, featuring the FastSet Wallet.
The protocol operates on machines costing less than $1,000, making it an affordable solution for businesses and individuals alike. Unlike Solana and other high-throughput Layer 1 (L1) and L2 solutions, FastSet doesn't rely on global consensus and blockchain ordering. Instead, it functions as a verifiable settlement protocol that processes millions of claims in parallel without the need for global ordering or consensus.
Key factors contributing to FastSet's performance include:
- No blockchain architecture: FastSet uses a decentralized network structure that handles claims (transactions) concurrently and independently, avoiding bottlenecks from sequential processing and global state updates.
- Cryptographic trust with formal semantics: FastSet is built upon formal semantics and the K Framework, which precisely defines transaction behaviors to enable efficient, parallel verification and settlement without expensive consensus protocols.
- Sub-100ms finality: FastSet achieves near-instant transaction finality by not waiting for multi-node consensus rounds, allowing transactions to be settled in under 100 milliseconds while maintaining verifiability and security.
- Runs on conventional hardware: FastSet's design avoids reliance on specialized hardware, making it efficient to run on standard decentralized network peers.
- Multi-chain interoperability and universal settlement: FastSet supports cross-chain smart contracts and value transfer without centralized clearinghouses, potentially reducing operational costs and complexity.
While Solana achieves high throughput (up to ~65,000 TPS) through specialized Proof of History and parallelization, it still depends on blockchain structure, global ordering, and specialized hardware for optimal performance. This contributes to higher costs and complexity.
FastSet's fundamental shift from blockchain consensus to parallel, cryptographically verified claim settlement allows it to deliver superior transaction speed and low cost on commodity hardware, surpassing existing high-throughput L1s and L2s in scalability, speed, and finality.
FastSet also enables parallel, verifiable, and cross-chain settlement without bridges or centralized coordination. It's not another blockchain, but infrastructure for thousands of future chains, apps, and agents. Pi Squared is building FastSet to be the next-gen verifiable settlement protocol for digital assets at scale and AI.
Pi Squared has already raised $12.5 million in seed funding and launched its VSL Devnet, the first live environment of its Verifiable Settlement Layer. Users can learn more about Pi Squared at https://pi2.network/.
To stress test its high TPS, Pi Squared is launching a community game where participants can generate 10-100 transactions per click and earn points based on activity. Users can follow the Pi2 X account for game details and updates. FastSet also allows interoperability between AI services across blockchains.
Join us on August 12 for the public performance showcase and witness the future of micro-payments for AI.
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