TechFlow news, October 25 — According to CoinDesk, UK-based metaverse technology company Improbable announced that its developed blockchain, Somnia, will enter the Developer Network (DevNet) phase in the coming weeks. Improbable is the technology provider for Yuga Labs' Otherside platform. According to Improbable, the Somnia blockchain will feature the following characteristics:
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Transaction processing speed (TPS) exceeding 400,000 transactions per second;
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Transaction latency under 1 second;
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Low transaction fees;
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Full compatibility with the Ethereum Virtual Machine (EVM).
Herman Narula, co-founder and CEO of Improbable, said in an interview: "Over the past 10 years, no one has successfully built a high-performance blockchain. I believe the industry's incentive mechanisms have led people to prioritize short-term gains—such as token speculation—over solving real problems." He added that some blockchains currently process only single-digit average transaction volumes.
Narula emphasized that his team has spent the past two years developing new technologies to achieve transaction throughput in the hundreds of thousands per second, which he believes is crucial for building any practical application. Earlier this year, Narula stated on Twitter that the industry needs better foundational blockchains to build a true consumer-scale metaverse.
