Wavelet Description
Wavelet has been extensively evaluated and proven to handle more than 31,240 payment transactions per second by utilizing 240 DigitalOcean instances (each with 2vCPUs and 4GB RAM) under practical networking environments characterized by 2% packet loss, 1MB/s transfer limits, and 220ms latency. This platform serves as an open ledger designed for the development of scalable, mission-critical, decentralized WebAssembly applications. Wavelet ensures that all transactions maintain a total order, are replicated, and remain consistent across a network of untrusted machines, thereby facilitating upgradeability, decentralized governance, and the execution of smart contracts with a finality period of just 2-4 seconds across millions of nodes. Additionally, it guarantees that transactions become immutable and irreversible once they are finalized. The introduction of a novel and secure pruning mechanism significantly lowers the system requirements necessary to operate a full Wavelet node, now only needing a stable Internet connection and a mere 512MB of RAM. This efficiency empowers more users to participate in the network, expanding its accessibility and usability.
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