Cryptocurrency venture Paradigm has deployed the first production-ready Ethereum executable developed in Rust, called Reth 1.0. This client will focus on providing a stable Ethereum mainnet node and aim for high throughput performance in terms of RPC, synchronization, and storage capacity.
“After nearly two years of development and a successful audit by Sigma Prime, we have finally released Reth 1.0, the first “production-ready” release of a lightning-fast Ethereum execution client. We invite RPC providers and stakers to run Reth,” said Georgios Konstantopoulos, CTO of Paradigm.
Georgios Konstantopoulos – Chief Technology Officer of Paradigm
The execution client is a software application that connects to the Ethereum network and enforces the network’s rules. Being a production-ready client means Reth 1.0 is ready for use by developers or stakers in their production environments, where it will handle live transactions and operations.
Currently, Reth 1.0 can synchronize with the Ethereum mainnet in about 50 hours from inception and manage about 2.25TB to store node storage with high transaction throughput and low latency, as noted by team. This is possibly the fastest sync speed among all client projects.
Reth 1.0: Client Performance-focused execution
Execution clients play an important role in processing transactions, executing smart contracts, and maintaining the state of the Ethereum network. Reth will complement existing Ethereum execution clients such as Geth, Nethermind, Besu and Erigon.
Introducing a new execution client will help diversify Ethereum’s client ecosystem. It is important for network users to rely on diverse client projects that provide node software that is fully functional and well connected to the network.
Future version Reth 1.1 will focus on OP Stack support. Paradigm has invited industry participants to use Reth in production and is providing priority support and custom features to initial partners. This comes days after Paradigm announced it had raised $850 million for its third fund focused on investing in cryptocurrencies.
Minh Anh
According to The Block
