the speed of the blockchains | Bitcointalksearch.org

bitkanu

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Quote from: timmmers on May 06, 2020, 03:34:31 PM

I think that these TPS battles are no more interesting. If you would like to use immediate transfers, you can use Lightning Network, there are some apps into your mobile phone that support BTC LN and by scanning qr codes you are able to send bitcoins to another person almost immediately. Wink

The problem is if the others must have used the LN node too. I would say that if i quite agree with you if TPS battles are not relevant again consider we have already moved to the new era that the usability is much more important than TPS.
I think the majority of blockchain is capable enough to sending the transaction for fast.

timmmers

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I think that these TPS battles are no more interesting. If you would like to use immediate transfers, you can use Lightning Network, there are some apps into your mobile phone that support BTC LN and by scanning qr codes you are able to send bitcoins to another person almost immediately. Wink

hiburak

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The speed of a blockchain has no meaning if the chain is not being used for anything with some sort of value.

The scalability for a blockchain will be important only when it reaches its capacity.

LeoBTCGod

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Speed is pretty irrelevant when you can send unlimited transactions/s using the Lightning Network. Do some research on what Stakenet is doing, and you'll find that they are the leading developers on Lightning compatible dApp developments.

Their multi currency wallet will host all the major Lightning supported currencies such as: BTC, LTC, XSN, DCR, and many more.

As Stakenet's masternodes hosts the Lightning nodes, you can benefit from a decentralized setup like no other.

Here's a short presentation video of the project itself:
https://www.youtube.com/watch?v=sXj3_qKSUBk

aemma

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Speed is highly needed quite alright but there is something more important as well which is utility of the platform's coin. This is why, even though there are blockchains with higher speed than others, they still tend to be behind those with lower speed, why? Users have seen reasons to use more of those offering something good, something more than just speed. Nevertheless, am not saying that platforms or blockchains with higher speed but still behind or coming up shouldn't be given attention but I'm of the opinion that the team should endeavour to make sure their coins offers more utilities and so on.

pelumi20

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Transaction Speed is significant yes.

Be that as it may, you know what's progressively significant? the users. On the off chance that that coin has a great deal of users, at that point it bode well so they would appreciate the fast transaction time however on the off chance that they don't have, at that point that is a bogus guarantee.

A few coins that guarantee to be faster than every other person is likewise by one way or another incorporate

letyouearn

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Quote from: alevlaslo on February 18, 2020, 10:32:56 AM

Transaction time:

Fantom 1.1 second https://fantom.rocks/
EOS 3 seconds
Ripple 4 seconds
Hedera 5 seconds
Flash 5 seconds
Temtum 12 seconds
Ethereum 3 minutes
Komodo 12 minutes
Bitcoin 2 hours
VISA several days

transactions per second:

Temtum 120000
VISA 26000
Flash 25000
Fantom 20000
Hedera 10000
Komodo 9500
Ripple 1500
EOS 500
Ethereum 15
Bitcoin 7

The speed and transactions per second number can change dramatically if the project evolves and gain more users. And speed is not the main factor here if we are talking about the technology.

TemTum

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Quote from: ATSgrowth on February 28, 2020, 02:21:36 PM

I do not see any positive thing on high speed blockchains, it is against the nature of blockchains. You can't be decentralized and provide same TPS like centralized solutions - Visa, MasterCard.

You can - educate yourself and do some research

TemTum

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Quote from: 10BTCaDay on February 28, 2020, 01:37:47 PM

I see that Temtum has very good results in its development. The potential of this coin is simply huge, but I do not understand why they are still not popular in the market. they are not doing strong marketing and are they are not traded on large exchanges. It is very strange

Because they are focused on adoption rather than marketing - the team are currently in Angullia signing the country to be the first to use tem as their national currency - press release will happen in a few weeks - check out the telegram for more information of Richards meetings with the president

ATSgrowth

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I do not see any positive thing on high speed blockchains, it is against the nature of blockchains. You can't be decentralized and provide same TPS like centralized solutions - Visa, MasterCard.

forexandcryptoauditor

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Just would like to add one project's name to transaction speed. MultiVAC, due to its all dimensional sharding technique, achieving 30784 TPS.
It's mainnet will be released in Q2 2020.

10BTCaDay

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I see that Temtum has very good results in its development. The potential of this coin is simply huge, but I do not understand why they are still not popular in the market. they are not doing strong marketing and are they are not traded on large exchanges. It is very strange

GucciBoy

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Anything transfered over the Lightning Network will see near instant transactions. Speed is pretty important for major adoption, whether you like it or not.

Stakenet's multi currency wallet has Lightning swaps, and a Lightning DEX, enhanching the user experience of BTC and LTC altogether, as everyone will now be able to store send/recieve, and trade instantly.

Here's a preview:

bitcoin-shark

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in my opinion the speed of the transactions is never the same the blocks are not found at regular intervals, for pitcoins the more you pay the faster the transaction, let's say that the average of the transactions must be fast enough to be able to compete with the traditional payment systems...

rdewilde

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This is really good and yes speed matter mostly for mass adoption but all these make me to wonder why they are still finding it hard to beat Bitcoin or even Ethereum. I remembered Quarkchain also promised high speed, we even heard of blockchain 3.0 and so on and yet it seems they are a shadow of themselves. I think the problem is, they are focusing more on how to beat another coin instead of focusing more on how to improve on what they have so they can stand a better chance in the future. Another problem is, most of these projects don't plan for long term growth, improvement or upgrades, once they have gotten the attention of the public they tend to relax and once that lack of zeal is found wanting the investors will start taking their leave.

Tar777

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Supercharge
Put Fantom's Opera Mainnet to the test, 5 transactions per click; still confirmed at lightning speed.

https://fantom.rocks/supercharge/

Tar777

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Good technology is a very slippery topic, there is a better technology in Burst coin, mining on hard drives, eco-friendly, but good things is not necessary for the governmens, it is the enemy of the system. But Fantom is on the contrary what need, the fastest coin. Bitcoin is also profitable, it is a good buyer of energy resources, but it is not suitable for payment in stores

tranduong123

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Quote from: Balladtony77 on February 21, 2020, 07:24:28 AM

Why is seele not on your lists of block chain projects? Block chain 5.0 from relictum pro offers a million transactions per second, that's a record breaking achievement

Relictum is a project that is still conducting an ICO, the number of 1 million transactions per second is just a number, it makes no sense. I have seen the project claim 10 million transactions per second and now it has become a fraud project.

alevlaslo

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Quote from: masterrex on February 21, 2020, 10:23:08 AM

No matter how fastest those blockchains was, For me, it's useless if the community is not supporting it, as your thread mention, Factom is the fastest blockchain if that is true I'm sure many potential developers are starting to consider the Factom blockchain, By the way, the Credits Blockchain was also claiming that title about its unmatched speed why it's not included in your thread? btw just saying!

Fantom and Factom are different coins!

imstillthebest

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Quote from: TopT3ns on February 20, 2020, 03:06:58 AM

Quote from: cytpoway121 on February 20, 2020, 02:58:02 AM

I am not downplaying the speeds of the blockchain highlighted above, but i do feel that no matter the speed.
Once there are so many orders to be processed at the same time, there will definitely be network congestion.

This happens in time when there is a high and low price consecutively within hours.

well indeed the transaction speed of the blockchain technology can not be calculated accurately but usually when making deliveries using blockchain technology you can increase speed by increasing transaction costs.

you need to know that shipping with a small fee may send the potential to arrive in an amount of more than 24 hours.

thats insane to wait over 24 hrs but there are people that like to put lower fees upon sending a transaction . its basically thier fault so it doesnt makes sense to complain . we cant calculate accurately the speed yes because there are factors that varies too like if the network is in heavily traffic due to spamming of low fee transactions . that happens before and people was like wtf ? who is doing it . still thanks for the op for putting a break down lists of the blockchain speeds . this makes us aware if what coins to use next if we are in a hurry .

Topic: the speed of the blockchains (Read 652 times)