On December 7, 2025, the IEEE P3271.01 working group received the IEEE SA Emerging Technology Award for its work on standards for recurring payment transactions on distributed ledger technologies (DLT).
Waterfall Network is proud to note that the original concept and initiative behind this standardization effort was written and pioneered by members of the Waterfall Network research team:
— Dr Sergii Grybniak, Head of Research for Waterfall Network
— Oleksandr Nashyvan, Technical Lead at Waterfall Network
The IEEE SA Emerging Technology Award is presented annually to working groups whose innovations demonstrate exceptional potential for global impact. This achievement is of particular importance to Waterfall Network, as the original standardization concept was written by two of its main contributors.
The award recognizes years of deep technical research, rigorous engineering and forward-thinking applied to one of blockchain’s most enduring challenges: enabling secure, automated, standards-based recurring transactions on decentralized systems.
“Recurring payments are fundamental to modern financial infrastructure, but the blockchain ecosystem has always lacked a unified and reliable way to support them.” said Sergii Grybniak, head of research for Waterfall Network. “This standard is a step towards a more liquid and efficient economy, and in doing so it increases the macroeconomic parameters of the ecosystems in which it is implemented.”
The IEEE P3271.01 effort describes the underlying mechanisms, security models, and interoperability requirements needed to securely automate repeat payments across various DLTs. By establishing consistent rules and processes, the standard aims to accelerate business adoption, reduce integration costs, and improve the user experience of decentralized finance applications.
Waterfall Network contributed both initial conceptualization and continued technical leadership throughout the standardization lifecycle.
Waterfall Network continues to show strong technical momentum, ranking among the top five blockchain networks over the past year. Active validators now exceed 101,500, with over 3.18 billion UAE staked, or over 70% of the current circulating supply. The network also set new performance highs, reaching a 100-block TPS average of 32,434, an increase of 155% from previous levels, and processing over 60,000 transactions in a single day.
Learn more:
Chainspect Waterfall Analysis
Waterfall Network on X
https://x.com/chainspect_app/status/1978504338860318946
https://x.com/chainspect_app/status/1969037442591162772
https://x.com/chainspect_app/status/1965354370356429001
https://x.com/waterfall_dag/status/1978434872365486210
