💥 Gate Square Event: #PostToWinCC 💥
Post original content on Gate Square related to Canton Network (CC) or its ongoing campaigns for a chance to share 3,334 CC rewards!
📅 Event Period:
Nov 10, 2025, 10:00 – Nov 17, 2025, 16:00 (UTC)
📌 Related Campaigns:
Launchpool: https://www.gate.com/announcements/article/48098
CandyDrop: https://www.gate.com/announcements/article/48092
Earn: https://www.gate.com/announcements/article/48119
📌 How to Participate:
1️⃣ Post original content about Canton (CC) or its campaigns on Gate Square.
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostTo
PANews news on June 11, according to Cointelegraph, the MultiversX smart contract platform has demonstrated the huge potential to increase the transaction throughput of existing L2 blockchain networks by up to 100 times through its latest Sovereign Chains technology. This BaaS (blockchain as a service) solution allows L2 networks to inherit MultiversX's scalability.
MultiversX CEO and Co-founder Beniamin Mincu stated that by leveraging Sovereign Chains, existing L2 networks can increase their Transactions Per Second (TPS) and smart contract TPS by up to 100 times. During the first public demonstration of Sovereign Chain, the network achieved a throughput of 77,000 TPS. This performance is nearly 77 times faster than the maximum practical throughput of industry leader Solana (1,053 TPS). Mincu stated that the MultiversX team is currently focused on surpassing the threshold of 100,000 TPS.
In addition to increasing throughput, the sovereign chain can also improve the interoperability of L2 built on Bitcoin, Ethereum, and Solana. Mincu believes that this chain-based native interoperability can unleash the true potential of decentralized blockchain networks.