What is the fastest blockchain? - page 3.

contraband

hero member

Activity: 1232

Merit: 528

Community Manager: ETN

Quote from: TGD on October 23, 2020, 06:05:35 AM

Quote from: masterrex on October 23, 2020, 04:18:04 AM

Base on my previous experiences there's a lot of claims that were hanging around and say's that they possessed the fastest blockchain in the industry, But according to TECTUM Blockchain creator "they are the fastest blockchain because they already reach the 1 million TPS" and it is very far from Bitcoin's 4.6 TPS, Ethereum's 15 TPS, Ripple's 1700 TPS and even with EOS 50,000 TPS, if it's true base on that claim Tectum Blockchain, is the fastest.

Sources:
https://medium.com/predict/the-worlds-fastest-blockchain-exceeds-1-million-transactions-per-second-8931df09320d
https://tectum.io/

They don't have supporting documents for this claim. The medium link you provide is an interview to the team member and all word that he said is just his opinion. Even the 1M TPS has no basis at all, The video on the medium is just a graphical representation of how nodes work. They don't have any testnet data available and also they will surely be on major publishing website like coindesk and coinstelegraph.com if they really have what they are claiming. The only source for there claims is just there own written medium blog.

1M TPS is insane. LOL

Exactly
The question is...who has high TPS with decentralized consensus scaled?

There is only one. Avalanche
Vitalik himself has tweeted about it

grabpopcorn536

member

Activity: 476

Merit: 12

The current fastest blockchains that I know of are LAMDEN and SOLANA. These two blockchains both achieved high speeds almost immediately. I have experienced them and found them to be great. They are actually faster than Binance, Tronix, and Stellar in my experience.
Maybe in the future things will change as people use them more. Just like how Ethereum did it before until too many people used it.

Warkop

sr. member

Activity: 1302

Merit: 270

Vave.com - Crypto Casino

In my opinion there is no Blockchain that is not fast except with the disruption of the internet network that you use to operate, but I see that all those who use the Blockchain network are very good and fast to do it without any problems, and I transact using Eos and Tron very quickly when making transactions.

max6575

full member

Activity: 1176

Merit: 100

Vave.com

different users of the blockchain business might apply of distinct with standard as following customs with business preference of personal view. than each to work as appealing the use on casuals as expecting to gains as fine of returns with the tasks of examination.

Chuky92

copper member

Activity: 966

Merit: 5

There are many fast blockchains already and as time goes on, many more will be created. But, however there is something that is of great importance and that is, the working product of that blockchain platform, how does it correlate to the speed of the blockchain? Assuming a blockchain is fast but lacks adequate use case or working product, it won't be long and investors will lose interest in that blockchain platform.
To clarify this, I remembered few years ago, many blockchain platforms then challenged Ethereum, classified it as a slow blockchain and all that, while promising to offer more speed thus having the capability to beat Ethereum. But till date no blockchain has succeeded in doing that, even those that claimed to be faster can't still be compared with Ethereum currently, thus confirming what I said before now, working product matters first, before speed and that's what will keep investors coming.
Nonetheless, the blockchains I know that are fast are Ethereum (although not that fast), Tron, Binance, XLM and so forth.

centralcurrency

jr. member

Activity: 644

Merit: 7

I dont know about what is faster.
But When I use tron blockchain.it was very fast.
Bitcoin is also first.
But etherium is slow then them.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: 20kevin20 on October 23, 2020, 04:41:32 AM

Ethereum does not take 14-17 seconds for txs to go through. I never had an ETH tx be confirmed in less than like 15 minutes.. If we're talking about how quick they're broadcasted to the network, any coin can be considered "the quickest". What truly matters is how fast the txs get confirmed.

A transaction will get into the next block in Ethereum network if you pay a high fee. As Ethereum mining difficult is set to have a blocktime of 13 seconds (average) that is the transaction time in EThereum network.

Bitcoin has a 10 minute blocktime. This a design decision, not a new or old technology.

Small blocktime leads to waste of energy. Miners will mine blocks at the same time (or very close to each other), and only one will be the longest chain.

Overall, when someone talks about "fastest blockchain" they don't know what they are talking about.

If you just want fast transactions and don't give a shit about centralization or anything else, just use Visa. It is faster and safer than most blockchains.

ilovealtcoins

sr. member

Activity: 1246

Merit: 263

SmartFi - EARN, LEND & TRADE

Quote from: masterrex on October 23, 2020, 04:18:04 AM

Base on my previous experiences there's a lot of claims that were hanging around and say's that they possessed the fastest blockchain in the industry, But according to TECTUM Blockchain creator "they are the fastest blockchain because they already reach the 1 million TPS" and it is very far from Bitcoin's 4.6 TPS, Ethereum's 15 TPS, Ripple's 1700 TPS and even with EOS 50,000 TPS, if it's true base on that claim Tectum Blockchain, is the fastest.

Sources:
https://medium.com/predict/the-worlds-fastest-blockchain-exceeds-1-million-transactions-per-second-8931df09320d
https://tectum.io/

Speed is too high, ridiculously high, I just know that SOLANA, EOS, RIPPLE, STELLAR, LAMDEN are currently the fastest blockchains. I've been on this forum and many Telegram discussion groups talk about cryptocurrencies but have never heard of TECTUM. They may not have launched their product yet, but claiming the world's fastest blockchain is overconfidence. If they did create such a fast blockchain, it would surely change the world economy dramatically.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Bitcoin is the fastest blockchain, because 1 Bitcoin confirmation has security of hundreds or even thousands of altcoin confirmations. Newbies think that 1 confirmation is enough to be safe, but it's far from truth - in altcoins it doesn't take much resources to undo a few confirmations. Ethereum Classic had seen whole days of transactions undone by attackers multiple times. With Bitcoin this never happened. It's only a matter of time before attacking altcoins will become more and more popular, due to the progress of hardware and attractiveness of doing so caused by price growth.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

The visa payment system operates at a speed of 2000-4000 transactions per second. During peak loads, the system can operate at a higher speed.
From new blockchains I saw TPS 6500.

"Bitcoin can facilitate ~7 transactions per second. Avalanche has achieved 6,500 transactions per second, demonstrating that it can accommodate Visa-level throughput"
https://medium.com/avalabs/avalanche-101-an-overview-of-the-internet-of-finance-7cdc5a2bee46

there is no problem to make the fastest blockchain, it must still be decentralized and secure.

fosco333

full member

Activity: 1260

Merit: 100

There are many cryptocurrency that have fast transaction speed such as EOS coin.
Actually, bitcoin transaction speed can become faster with lightning network.
In Ethereum blockchain, the transaction speed is not fast as EOS, but the volume is big so it often congested and requiring more gas fee.

bittraffic

hero member

Activity: 3038

Merit: 617

The list on that swapzone website looks outdated. There is a faster blockchain among them like the EOS and TRX that is almost instantly the tokens you send goes directly to the other end. There are more of them competing on this game that even ETH had been trying hard to also stay on top which is why they are into sharding. If they are successful in this sharding, the developers may be able to just stay on ETH.

studio1one

hero member

Activity: 1218

Merit: 500

BintexFutures

So far (from the coins I hold), I feel Harmony (ONE) and Elrond (ELGD) are of the fastest blockchain. Last I check Harmony was at 5-sec block finality and, I am not quite sure what's block finality for Elrond was but, their TPS is quite awesome.

int03h

full member

Activity: 532

Merit: 104

I have personally experienced the blockchains we have today and I find TRON, EOS, Solana, Lamden to be the fastest blockchains out there right now. Although they have different specifications, the experience is the same and I appreciate these blockchains. The real problem they will have in the future is whether they are overloaded as Ethereum is currently overloaded and transaction costs are high.
Market cap rating TRON and EOS are too high-cap, Solana about $ 100 million, the lowest is Lamden with $ 5 million.
I would prefer to invest Solana more and put a little on Lamden because their capitalization is low and very potential.

TGD

hero member

Activity: 1288

Merit: 620

Wen Rolex?

Quote from: masterrex on October 23, 2020, 04:18:04 AM

Base on my previous experiences there's a lot of claims that were hanging around and say's that they possessed the fastest blockchain in the industry, But according to TECTUM Blockchain creator "they are the fastest blockchain because they already reach the 1 million TPS" and it is very far from Bitcoin's 4.6 TPS, Ethereum's 15 TPS, Ripple's 1700 TPS and even with EOS 50,000 TPS, if it's true base on that claim Tectum Blockchain, is the fastest.

Sources:
https://medium.com/predict/the-worlds-fastest-blockchain-exceeds-1-million-transactions-per-second-8931df09320d
https://tectum.io/

They don't have supporting documents for this claim. The medium link you provide is an interview to the team member and all word that he said is just his opinion. Even the 1M TPS has no basis at all, The video on the medium is just a graphical representation of how nodes work. They don't have any testnet data available and also they will surely be on major publishing website like coindesk and coinstelegraph.com if they really have what they are claiming. The only source for there claims is just there own written medium blog.

1M TPS is insane. LOL

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: Rohtox on October 23, 2020, 03:28:48 AM

I never calculated how fast the blockchain is. The first time I sent crypto was bitcoin, it was long enough to get into my wallet. And I have tried using Ethereum, NEO, Tron, and Lite coin, I think their blockchain is faster than Bitcoin.

Every blockchain technology is fast. The only reason why it takes longer for you to complete your transactions in bitcoin is that bitcoin has many users compared to other cryptocurrencies like Ethereum, NEO, Tron, Litecoin, etc. Miners on the bitcoin network only prioritize transactions with much higher fees before they confirmed it, so if you pay a higher fee, it will lessen the time of your transaction to be completed.

20kevin20

legendary

Activity: 1134

Merit: 1598

The website OP has given has some quite misleading information. It first talks about how fast exchanges are, then what determines a blockchain tx to be confirmed faster/slower and then talks about the fastest coins (which aren't even the fastest) once again.

I honestly just cannot call Ethereum and Monero among the top 5 fastest cryptocurrencies. There are others that get confirmed way, way faster than them. Moreover, this following statement is very misleading:

Quote

Ethereum network, despite the issues of scalability and certain delays with network congestion, takes about 14 to 17 seconds for the transactions to go through. Ethereum blocks handle about 12 transactions per second.

Ethereum does not take 14-17 seconds for txs to go through. I never had an ETH tx be confirmed in less than like 15 minutes.. If we're talking about how quick they're broadcasted to the network, any coin can be considered "the quickest". What truly matters is how fast the txs get confirmed.

masterrex

full member

Activity: 1820

Merit: 107

Base on my previous experiences there's a lot of claims that were hanging around and say's that they possessed the fastest blockchain in the industry, But according to TECTUM Blockchain creator "they are the fastest blockchain because they already reach the 1 million TPS" and it is very far from Bitcoin's 4.6 TPS, Ethereum's 15 TPS, Ripple's 1700 TPS and even with EOS 50,000 TPS, if it's true base on that claim Tectum Blockchain, is the fastest.

Sources:
https://medium.com/predict/the-worlds-fastest-blockchain-exceeds-1-million-transactions-per-second-8931df09320d
https://tectum.io/

TGD

hero member

Activity: 1288

Merit: 620

Wen Rolex?

Quote from: Rohtox on October 23, 2020, 03:28:48 AM

I never calculated how fast the blockchain is. The first time I sent crypto was bitcoin, it was long enough to get into my wallet. And I have tried using Ethereum, NEO, Tron, and Lite coin, I think their blockchain is faster than Bitcoin.

You don't need to calculate it because it's impossible for a normal user to compute since you need quantity of transaction per seconds. Usually project computes it during there test net by loading tons of transaction on there blockchain to test how far they can go on processing transaction.

Many blockchain project are claiming they are the fastest blockchain but until now. No one can provide a finish blockchain product that can give the TPS they are boasting. All is just for hyping investors to buy there token.

I believe Solana is one of the fastest blockchain with 65k TPS on there testnet but 50K TPS actual.

Try break them: https://break.solana.com/

Rohtox

full member

Activity: 854

Merit: 115

I never calculated how fast the blockchain is. The first time I sent crypto was bitcoin, it was long enough to get into my wallet. And I have tried using Ethereum, NEO, Tron, and Lite coin, I think their blockchain is faster than Bitcoin.

Topic: What is the fastest blockchain? - page 3. (Read 865 times)