Topic: the speed of the blockchains - page 2. (Read 652 times)
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!
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
Wait, what? China can't "print" 21 million BTC. You probably don't understand how Bitcoin works. First of all, the mining power you're talking about coming from China isn't government's. It's spread across China and this doesnt mean they control Bitcoin. And then, you can't just change the supply of a coin because everyone else has to accept the change. And here you go - that's when forks happen.
Like it was explained quite well too, let's say China and USA got together and said, let's 51% attack Bitcoin. Let's say for some reason they have spent trillions to do it. But like you said, not everyone else will accept this and we'll all do something about it. They won't dare to do that which is why they have other altcoins.
don't need to spend even a cent on this, just order the pools to change their settings
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.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.
you need to know that shipping with a small fee may send the potential to arrive in an amount of more than 24 hours.
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.
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.
Bitcoin is also centralized, most of the hashrate is in China, and the Internet is controlled by America
I think you misunderstood the meaning of centralization. The other coins does have their supply premined and they are the one who holds it. With that example you gave, let's say and agree that most hashrate is in China but that does mean that they have the control to the most supply of bitcoin?No, they don't. Hashrate is the power to mine bitcoin and that's why there's this difficulty that keeps increasing and that makes it for everyone hard to mine bitcoin.
Whoever controls the internet doesn't even a factor to say that a coin is centralized.
blockchains with EVM do not pass more than 500 transactions per second, therefore FTM made two blockchains: Opera for EVM and XAR for 20,000 TPS.
In addition, you can earn on delegating or be a validator if you own a certain number of coins
https://fantomstaker.info/
In addition, you can earn on delegating or be a validator if you own a certain number of coins
https://fantomstaker.info/
Fantom
20000 transaction per second
Hedera
10000
Komodo
9500
Ripple
1500
EOS, BNB, Waves
500
Ethereum
15
Bitcoin
7
20000 transaction per second
Hedera
10000
Komodo
9500
Ripple
1500
EOS, BNB, Waves
500
Ethereum
15
Bitcoin
7
I was hoping to see the likes of Credits Blockchain and smart contract been mentioned in the list. Credits Blockchain and smart contract is a project that promises to have 1 million transaction per seconds upon lunch of its ownblockchain which is almost completed (as at time of this comment). it promises to be faster than EOS and the other like as stated in the above record. you should be on the look out for that project.
Just wait for Eth upgrades and improvements in their network especially to resolve scalability issues and most updates will be ready by july this year, im sure these improvements will resolve scalability issues resulting in faster and cheaper transactions. Eth usage and demand will also increase as a result that will drive its price up too.
Where did you see that Ethereum will be rolling out scalability improvements by July?
I haven't seen any news indicating this....
Are you saying that ETH is moving to proof-of-stake this year? Also, there's no indication that this will boost throughput just yet, it needs to go through several testnet stages first.
Either way, Ethereum bloat is still a problem that needs to be resolved, and I think it's going to take more than a few minor tweaks to overcome this hurdle.
Wow, this is great! No wonder so many crypto traders are into the trading of FTM. This is great achievement and i wish the Lightning Network once completed and optimized would be able to conduct trasactions at a higher speed to increase the mass adoption of bitcoin.
Just wait for Eth upgrades and improvements in their network especially to resolve scalability issues and most updates will be ready by july this year, im sure these improvements will resolve scalability issues resulting in faster and cheaper transactions. Eth usage and demand will also increase as a result that will drive its price up too.
you correctly said that the visa is not instant, the seller does not receive money immediately, so the cryptocurrency is better in any case if it is not inferior in capabilities and works faster. For this reason, the Ministry of Afghanistan and ethereum classic decided to cooperate with Fantom, and Google decided to cooperate with Hedera
This thread is getting interesting. So far, only temtum joined the discussion. Waiting for others to come so keep going...
I used to think a TPS faster than visa or mastercard is necessary if ever crypto will be adopted but realized that it's not the case anymore. There is no need for crypto to exist if that's what will make it adopted. Like some have already said, blockchains with high TPS are centralized somewhere so why would people bother to switch? I mean these traditional payment system with centralized platforms can make their TPS faster at anytime too.
I used to think a TPS faster than visa or mastercard is necessary if ever crypto will be adopted but realized that it's not the case anymore. There is no need for crypto to exist if that's what will make it adopted. Like some have already said, blockchains with high TPS are centralized somewhere so why would people bother to switch? I mean these traditional payment system with centralized platforms can make their TPS faster at anytime too.
High speed doesn’t always mean centralised- but sadly for most projects without an academic background it does
The requirements we were given for a country backed crypto was not just TPS - it was scalability ( how quickly can this be deployed and can it grow with use) security - obviously they want a financial infrastructure to last 50 plus years and current cryptography is not capable of this - resources - in places like Africa they want to be able to use a currency on their feature phone can and micropayments - can you send 1 cent (this ties in with TPS) but is not exclusive an aims race on TPS
This thread is getting interesting. So far, only temtum joined the discussion. Waiting for others to come so keep going...
I used to think a TPS faster than visa or mastercard is necessary if ever crypto will be adopted but realized that it's not the case anymore. There is no need for crypto to exist if that's what will make it adopted. Like some have already said, blockchains with high TPS are centralized somewhere so why would people bother to switch? I mean these traditional payment system with centralized platforms can make their TPS faster at anytime too.
I used to think a TPS faster than visa or mastercard is necessary if ever crypto will be adopted but realized that it's not the case anymore. There is no need for crypto to exist if that's what will make it adopted. Like some have already said, blockchains with high TPS are centralized somewhere so why would people bother to switch? I mean these traditional payment system with centralized platforms can make their TPS faster at anytime too.
Bitcoin is growing because newcomers think it is decentralized. China is a very centralized state, if it orders to print another 21 million bitcoins, it will be done in 1 day. They build a 57-storey building in 19 days. https://youtu.be/0dU5crYUYzc
I am not against centralization, I am against secret emission, inequality and racism
Speed does not matter if they are centralized. The important thing is to achieve those speed without compromising on Blockchain standard.
If Blockchains are rated based on important the standards, many will definitely have a low score.
You avoid derailing too much and making costly mistakes by sticking to the principle.
If Blockchains are rated based on important the standards, many will definitely have a low score.
You avoid derailing too much and making costly mistakes by sticking to the principle.
I am not against centralization, I am against secret emission, inequality and racism
Wait, what? China can't "print" 21 million BTC. You probably don't understand how Bitcoin works. First of all, the mining power you're talking about coming from China isn't government's. It's spread across China and this doesnt mean they control Bitcoin. And then, you can't just change the supply of a coin because everyone else has to accept the change. And here you go - that's when forks happen.
the government controls the pools, so it can change the BTC in any way by conducting a hard fork
visa works in my country, and Temtum not running, so it's worse than Shitcoin
https://test.lab.temtum.com/admin/load-test
See for yourself the speed on Temtum’s network - this is on the live test net which is the same as the mainnet
Here’s the explorer to see the blocks
https://explorer.lab.temtum.com/
Third party validated by bsi - listed on liquid and coinall - more exchanges to come soon
This was a PhD developed over 7 years - no other blockchain can come close - educate yourself on projects like this which is more than just token price
See for yourself the speed on Temtum’s network - this is on the live test net which is the same as the mainnet
Here’s the explorer to see the blocks
https://explorer.lab.temtum.com/
Third party validated by bsi - listed on liquid and coinall - more exchanges to come soon
This was a PhD developed over 7 years - no other blockchain can come close - educate yourself on projects like this which is more than just token price
I can't open these links in Russia, I can't download a wallet either, these are big disadvantages, I can use a Visa, a Pantom coin too, but I can't use your coin, so it's not good
+ transaction time of 12 seconds is a lot, it is not suitable for payment in stores, the Pantom has 1.1 seconds https://fantom.rocks
You should read the white paper - temtum has the ability of instant transactions - pre confirmation of txs - it’s suitable for store payments that’s why third world countries are testing it
Also you should research how a visa transaction actual works - they do not confirm a tx in seconds just authorises one so tx confirmation times is kind of irrelevant if a blockchain can do something similar
We are also listed in liquid - more exchanges to come !
We focused more on getting our use case deployed so it has a real use rather than a pure speculative asset
https://test.lab.temtum.com/admin/load-test
See for yourself the speed on Temtum’s network - this is on the live test net which is the same as the mainnet
Here’s the explorer to see the blocks
https://explorer.lab.temtum.com/
Third party validated by bsi - listed on liquid and coinall - more exchanges to come soon
This was a PhD developed over 7 years - no other blockchain can come close - educate yourself on projects like this which is more than just token price
See for yourself the speed on Temtum’s network - this is on the live test net which is the same as the mainnet
Here’s the explorer to see the blocks
https://explorer.lab.temtum.com/
Third party validated by bsi - listed on liquid and coinall - more exchanges to come soon
This was a PhD developed over 7 years - no other blockchain can come close - educate yourself on projects like this which is more than just token price
I can't open these links in Russia, I can't download a wallet either, these are big disadvantages, I can use a Visa, a Pantom coin too, but I can't use your coin, so it's not good
+ transaction time of 12 seconds is a lot, it is not suitable for payment in stores, the Pantom has 1.1 seconds https://fantom.rocks
You should read the white paper - temtum has the ability of instant transactions - pre confirmation of txs - it’s suitable for store payments that’s why third world countries are testing it
Also you should research how a visa transaction actual works - they do not confirm a tx in seconds just authorises one so tx confirmation times is kind of irrelevant if a blockchain can do something similar
https://test.lab.temtum.com/admin/load-test
See for yourself the speed on Temtum’s network - this is on the live test net which is the same as the mainnet
Here’s the explorer to see the blocks
https://explorer.lab.temtum.com/
Third party validated by bsi - listed on liquid and coinall - more exchanges to come soon
This was a PhD developed over 7 years - no other blockchain can come close - educate yourself on projects like this which is more than just token price
See for yourself the speed on Temtum’s network - this is on the live test net which is the same as the mainnet
Here’s the explorer to see the blocks
https://explorer.lab.temtum.com/
Third party validated by bsi - listed on liquid and coinall - more exchanges to come soon
This was a PhD developed over 7 years - no other blockchain can come close - educate yourself on projects like this which is more than just token price
I can't open these links in Russia, I can't download a wallet either, these are big disadvantages, I can use a Visa, a Pantom coin too, but I can't use your coin, so it's not good
+ transaction time of 12 seconds is a lot, it is not suitable for payment in stores, the Pantom has 1.1 seconds https://fantom.rocks
You should read the white paper - temtum has the ability of instant transactions - pre confirmation of txs - it’s suitable for store payments that’s why third world countries are testing it
Also you should research how a visa transaction actual works - they do not confirm a tx in seconds just authorises one so tx confirmation times is kind of irrelevant if a blockchain can do something similar
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