Topic: What Is The Fastest Blockchain? - page 2. (Read 248 times)
I just heard about tectum blockchain. Is this a new project? How fast the transaction process is so dared to claim tectum is the chain with the fastest transactions.
This is the first time I heard of the Tectum blockchain. This only means that it is not just about the speed. There are a number of altcoin projects that boasted of their fast blockchains. They are very proud that their TPS is much much higher than Bitcoin's and other more popular crypto projects. But the thing is that they remain unpopular and have achieved little to no success. So I should conclude that speed is really secondary. Scalability, especially Bitcoin's, was once an issue and many projects exploited this and created faster blockchains. They ended up failing to replace or even equal Bitcoin.
I don't really know why you need the fastest blockchain. I use Poygon, Binance Smart chain and Tron. Actually, speed of transactions in these chains is fast enough so it doesn't take more than 10-30 seconds to finish transactions. But actually, speed is not the main feature I think. Security and transaction fees are more important than speed.
Friends, I would like to know what is the fastest blockchain at the moment. I heard about the Tectum blockchain but there is very little information about them. Please kindly share your opinion.
Thanks.
Thanks.
You will need to specify to help people understand what mean when you say the fastest blockchain. There are various ways of ranking and rating blockchain networks. These include: which blockchain network is faster in terms of transaction speed, which is faster in terms of mass adaption, which is faster in terms of increasing marketcap and volume, which is faster in terms of trading volumes per day, week, or year. So you need to be specific with your question.
It's wrong question.
The correct question should be what is the safest blockchain to use. My answer is Bitcoin blockchain.
Fastest does not mean safest. Blockchain with fastest block time is not best blockchain because of its confirmation speed. You can verify it with the estimation for cost of 51% attack and the estimated blocks from altcoins to give same security as of 6 confirmations on Bitcoin network.
https://howmanyconfs.com/
https://www.crypto51.app/
The correct question should be what is the safest blockchain to use. My answer is Bitcoin blockchain.
Fastest does not mean safest. Blockchain with fastest block time is not best blockchain because of its confirmation speed. You can verify it with the estimation for cost of 51% attack and the estimated blocks from altcoins to give same security as of 6 confirmations on Bitcoin network.
https://howmanyconfs.com/
https://www.crypto51.app/
Speed is meaningless without decentralization, there's no difference between centralized blockchain and centralized database, and centralized databases are faster than and more efficient than any of the "fast" blockchains.
You can find a lot of coins that seem to have faster confirmations than Bitcoin, but none of them is even close to being as decentralized as Bitcoin.
You can find a lot of coins that seem to have faster confirmations than Bitcoin, but none of them is even close to being as decentralized as Bitcoin.
Friends, I would like to know what is the fastest blockchain at the moment. I heard about the Tectum blockchain but there is very little information about them. Please kindly share your opinion.
Thanks.
Thanks.
Actually, there's a lot claiming it, to be the fastest blockchain in the industry and Tectum is just one of them, But during the Tectum presentation in UAE way back in 2018, Tectum claim that they reached 1million TPS speed that's quite fast if that is true the tectum blockchain is the fastest, but until now the Tectum project has not yet launched so I think the project was already shelved. but in today's reality, I believe the fastest Blockchain is the Stellar lumens Blockchain.
Fastest blockchain to handle transactions? I guess I would go with XRP as based on my experience it's the fastest, your transaction will be confirmed in a second and the transaction fee is also cheap.
Tectum blockchain is probably new in the market because it's not listed yet in https://coinmarketcap.com/.
Tectum blockchain is probably new in the market because it's not listed yet in https://coinmarketcap.com/.
Friends, I would like to know what is the fastest blockchain at the moment. I heard about the Tectum blockchain but there is very little information about them. Please kindly share your opinion.
Thanks.
It depends on who you ask, right? There are many blockchains that are fast, and much faster than Ethereum. These include Solana, Avalanche, BSC, and Velas. I'm only mentioning the ones I tried and had because I had good experience with them I don't see why others shouldn't use them. Thanks.
Tectum blockchain? lmo didn't even hear of it
either way why go out of your way to try new and unproven, untested ones? Stick with the ones that are already safe and have been used for some time. 
Op, move this thread to the altcoin discussion, please. The question itself is honestly probably not as simple as it sounds. If we're talking about a shitcoin which is barely used, transactions will likely be very fast and cheap because there aren't many of them happening. But it doesn't mean that this blockchain would handle the load that Bitcoin or Ethereum have better than them. Then there are centralization concerns mentioned above. And indeed there are coins based on other technologies. For example, IOTA is based on DAG, which is allegedly much better than Blockchain because it does not have the scalability issue, but it was up until recently very centralized, and I'm not sure people are willing to give it a go anymore, even though I believe it could truly be a good solution for global adoption.
Friends, I would like to know what is the fastest blockchain at the moment. I heard about the Tectum blockchain but there is very little information about them. Please kindly share your opinion.
There are plenty of altcoins claiming to have fast and very fast block times. You can ask in altcoin discussion.
Just keep in mind that:
* some of those may not have actual blockchain at all
* some of those may not be decentralized at all
* the exchanges usually just ask for a much higher number of confirmations for such transactions, hence you don't save any time
* it's not advised to accept those coins without a "healthy" number of confirmations
Why do you want to know which is the fastest blockchain? For me, the most important thing is which one is the most secure, and that is the Bitcoin blockchain.
Friends, I would like to know what is the fastest blockchain at the moment. I heard about the Tectum blockchain but there is very little information about them. Please kindly share your opinion.
Thanks.
Thanks.
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