How much TPS do we need? (Transaction Per Second)

Donned

member

Activity: 196

Merit: 10

Distributed Credit Chain

I think if you want to take on enough dapps, you need as much as the TPS of EOS.
However, at present, whether EOS can reach this TPS is still a problem.

DianaZher3

newbie

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Merit: 0

These values will be greatly increased after the introduction of Bitcoin Lightning Network, and in Ethereum Casper. The speed of transactions is not the main problem now.

Boxxl

hero member

Activity: 800

Merit: 502

But I think we need more transactions per seconds in projects like Gaming and Storage.
What if you have a Decentralized game for the whole world. That's a lot of people making use of the blockchain.

Flangler

member

Activity: 963

Merit: 57

Definetly more than VISA. Visa has around 1700 and is capable to 50000( according to VISA devs), at this moment no cryptocurrencies have that much. It is important to have more tx/s than fiat payment method, not even in terms of real usage of tx's but in term of psychology, "simple" people won't chose a slower method of payment.

Tone147

member

Activity: 221

Merit: 10

I think if it's a good project, it needs to reach 3000TPS per second.
Because this is the key to supporting a big game.

asdlolciterquit

hero member

Activity: 1666

Merit: 565

Quote from: Boxxl on July 09, 2018, 02:38:56 AM

Hi,

How much TPS do we need in the real world? (Transaction Per Second)

I see many nice projects, but i'm not sure these projects are still alive after some years.
- Ethereum max 20 TPS
- Bitcoin Max 3-7 TPS
- ICON (ICX) 9000+ TPS
- Wanchain Unknown
- Ark 5TPS
- EOS 100.000 TPS (not sure they will reach it)

- Hashgraph 500.000 TPS (not yet available)
- Quarkchain 100.000 TPS (only did 3000 now)

So how much do we need do you think?

right now TPS is not a big problem. But...who can know how much blockchain will spread in the future? Maybe in 10 years we really need 100000 TPS..

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

TPS on its own is overrated.
for example you can fork bitcoin right now and change a bunch of simple attributes to have 10 million TPS but as long as your chain is not used you only 0.001 TPS because that is the reality. and that is important.
the real question is whether your coin is used that much and is it surviving under that load and not be broken. like ETH which promised high TPS but broke under 1/10 of that load.
and also the real question is whether it is still decentralized with a high TPS or did you centralize it?

ImHash

hero member

Activity: 924

Merit: 506

Lightning network will solve the limit we have on transactions per second on bitcoin and with the security of blockchain. Rest of them will never be as safe and secure as bitcoin, There are many vulnerabilities with sh*tcoins you mentioned Cheesy

They will never work as expected, People don't want to have a large scale sh*tcoin with %30/80 premined. More power to LN it needs more time and definitely more improvement.

Quote from: Bitknick on July 09, 2018, 03:40:47 AM

Plasma protocol on the Etherium will significantly increase the speed of transactions.

As well as the wealth of Vitalik and his team Cheesy

Quote from: idirben on July 09, 2018, 03:49:03 AM

cause vitalik will improve it don't worry

Don't worry cause Vitalik will leave more backdoors to quietly hack the network and steal millions of dollars without getting caught ever Cheesy

idirben

newbie

Activity: 82

Merit: 0

Quote from: Boxxl on July 09, 2018, 02:38:56 AM

Hi,

How much TPS do we need in the real world? (Transaction Per Second)

I see many nice projects, but i'm not sure these projects are still alive after some years.
- Ethereum max 20 TPS
- Bitcoin Max 3-7 TPS
- ICON (ICX) 9000+ TPS
- Wanchain Unknown
- Ark 5TPS
- EOS 100.000 TPS (not sure they will reach it)

- Hashgraph 500.000 TPS (not yet available)
- Quarkchain 100.000 TPS (only did 3000 now)

So how much do we need do you think?

VISA has 24 000 TPS and it's larely enough , those new ico do that just to create hype and if they can release that amount on a test envirenment , they will never reach that in a working platform like ethereum with all the Dapps on it , and i think it's better to stay with ethereum cause vitalik will improve it don't worry , sharding implementation soon

Bitknick

jr. member

Activity: 406

Merit: 1

Plasma protocol on the Etherium will significantly increase the speed of transactions.

captain_blood

member

Activity: 364

Merit: 12

The Most Profitable Mining Pool

Quote from: Boxxl on July 09, 2018, 02:38:56 AM

Hi,

How much TPS do we need in the real world? (Transaction Per Second)

I see many nice projects, but i'm not sure these projects are still alive after some years.
- Ethereum max 20 TPS
- Bitcoin Max 3-7 TPS
- ICON (ICX) 9000+ TPS
- Wanchain Unknown
- Ark 5TPS
- EOS 100.000 TPS (not sure they will reach it)

- Hashgraph 500.000 TPS (not yet available)
- Quarkchain 100.000 TPS (only did 3000 now)

So how much do we need do you think?

Solana currently in private presale mode (TGE is Jan 2019) have a test net of 400,000TPS.
We don't need that 1Million TPS or so, we just have to overcome the speed of Visa/Mastercard transaction which is around 10,000TPS and we are good to go. In the end, security is the most important.

ss890

sr. member

Activity: 644

Merit: 263

We need more than 25,000 transition per second in the real world.
Companies like MasterCard and Visa have this kind of rates and they are also upgrading their systems to more higher dimension and may achieve double rates than this. Have you ever seen your transaction page getting stuck at one place? Just imagine even when they have 25K TPS then also we get such times when page might stuck fraction of seconds longer than usual! So we need at least 25K (minimum) TPS speed to cop up with the real world deals.

CryptoTamer

full member

Activity: 364

Merit: 101

Quote from: Boxxl on July 09, 2018, 02:38:56 AM

Hi,

How much TPS do we need in the real world? (Transaction Per Second)

I see many nice projects, but i'm not sure these projects are still alive after some years.
- Ethereum max 20 TPS
- Bitcoin Max 3-7 TPS
- ICON (ICX) 9000+ TPS
- Wanchain Unknown
- Ark 5TPS
- EOS 100.000 TPS (not sure they will reach it)

- Hashgraph 500.000 TPS (not yet available)
- Quarkchain 100.000 TPS (only did 3000 now)

So how much do we need do you think?

The plasma protocol will allow the Ethereum network to handle 22,000 TPS, That number has surpassed the speed of VISA processing and I think that number is more than enough to handle Crypto transactions in the real world at the moment but, if I imagine the capacity to handle all transactions in the world. I think we need unlimited transactions per second to handle it

https://www.ccn.com/bankex-plasma-protocol-reports-22k-transactions-per-second/

Boxxl

hero member

Activity: 800

Merit: 502

Quote from: VanDeinsberg12 on July 09, 2018, 03:05:07 AM

Quote from: Boxxl on July 09, 2018, 02:38:56 AM

Hi,

How much TPS do we need in the real world? (Transaction Per Second)

I see many nice projects, but i'm not sure these projects are still alive after some years.
- Ethereum max 20 TPS
- Bitcoin Max 3-7 TPS
- ICON (ICX) 9000+ TPS
- Wanchain Unknown
- Ark 5TPS
- EOS 100.000 TPS (not sure they will reach it)

- Hashgraph 500.000 TPS (not yet available)
- Quarkchain 100.000 TPS (only did 3000 now)

So how much do we need do you think?

EOS is currenyly only around 4k -5k TPS. This is my opinion about that and we can try to see VISA and it has been using around 24k TPS to cover all of the transactions around the world and that's enough.
But if there will be another purpose such as to be used to developer dapps and it needs more TPS. But that depends on the demand and remember this if you are developing 1 million TPS platform and it has no demand and that will become another crap thing.

I think we will see much more then only transactions.
- transactions
- smart contracts
- storage

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: Boxxl on July 09, 2018, 02:38:56 AM

Hi,

How much TPS do we need in the real world? (Transaction Per Second)

I see many nice projects, but i'm not sure these projects are still alive after some years.
- Ethereum max 20 TPS
- Bitcoin Max 3-7 TPS
- ICON (ICX) 9000+ TPS
- Wanchain Unknown
- Ark 5TPS
- EOS 100.000 TPS (not sure they will reach it)

- Hashgraph 500.000 TPS (not yet available)
- Quarkchain 100.000 TPS (only did 3000 now)

So how much do we need do you think?

EOS is currenyly only around 4k -5k TPS. This is my opinion about that and we can try to see VISA and it has been using around 24k TPS to cover all of the transactions around the world and that's enough.
But if there will be another purpose such as to be used to developer dapps and it needs more TPS. But that depends on the demand and remember this if you are developing 1 million TPS platform and it has no demand and that will become another crap thing.

Boxxl

hero member

Activity: 800

Merit: 502

Hi,

How much TPS do we need in the real world? (Transaction Per Second)

I see many nice projects, but i'm not sure these projects are still alive after some years.
- Ethereum max 20 TPS
- Bitcoin Max 3-7 TPS
- ICON (ICX) 9000+ TPS
- Wanchain Unknown
- Ark 5TPS
- EOS 100.000 TPS (not sure they will reach it)

- Hashgraph 500.000 TPS (not yet available)
- Quarkchain 100.000 TPS (only did 3000 now)

So how much do we need do you think?

Topic: How much TPS do we need? (Transaction Per Second) (Read 165 times)