What makes one currency able to handle more TPS than another?

Psynthax

hero member

Activity: 2366

Merit: 504

Quote from: throwawayman on January 27, 2019, 11:25:51 AM

I'm always confused as to what factors actually contribute to a CryptoCurrencies capacity?

If you guys could provide a run down on what do the following blockchains do under the hood to have this TPS and what it's
limitations are in that regard than I'd appreciate it:

Bitcoin (7 TPS)

Ethereum (20 TPS)

IBM Blockchain (1000 TPS)

Ripple (1500 TPS)

Cheers.

There are some blockchain that already created a blockchain with a better scalability than it. you must try to take a look on the medium blockchain just like zilliqa, universa and many more. Some of them are able to surpass ripple.

dabenko

member

Activity: 280

Merit: 11

The network congestion on ethereum network, is enough reason to bring about low TPS. It has the highest number of community using its platform.
So there is every tendency for its speed to reduce. Then if the upgrade is accomplished, it bring being about good impact.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

basically what controls TPS are Blocktime, Blocksize and decentralization.

The faster the blocktime, the faster you get confirmations. In Bitcoin a block in created every 10 minutes, so every transaction will only be confirmed after 10 minutes. Ethereum and litecoin have shorter blocktimes, like 2,5 minutes, which increases transactions confirmations by 4 times.

This faster confirmation time is not free. Ethereum and litecoin suffer much more involuntary forks than bitcoin. As blocktime is really low on those blockchains, different miners may find solutions very close to each other, before proper propagation of the solution. THis will lead to more than one chain going on. This is bad for miners profitability, as many of them may waste their hashing power in an alternative chain.

One other thing that controls TPS is the blocksize. IF you can put more transactions on the same block you get faster confirmations and lower fees. This is not free also, as bigger blocksize compromises decentralization of full nodes (bigger blocks requires more hardware and bandwidth to run a full node).

Lastly, you can just make centralized cryptocurrency and make as much tps as visa. But why would we need that shit? We have lots of cryptocurrencies like that.

Bravext

copper member

Activity: 196

Merit: 2

I would also like to know the answer to this, EOS claims that they can handle 5000 TPS but people are saying that they can only do that because the platform is partly decentralised and I do not fully understand the terms PoW and PoS.

BQ

member

Activity: 616

Merit: 53

CoinMetro - the future of exchanges

Quote from: bellamente on January 27, 2019, 02:23:15 PM

Ripple is not a cryptocurrency. This is a centralized digital currency.

Ethereum 2.0 will process over 1000 transactions. I think this is the future coin number 1 in the whole world.

off topic but, there are plenty of faster coins - and, who's to say that TPS is what ranks a coin?
already we know bitcoin is slow but yet it's still #1.
although ethereum with the growing potential beyond just "payments", high tps definitely is warranted but i doubt that'll be what brings the coin to #1.

bellamente

member

Activity: 420

Merit: 10

Ripple is not a cryptocurrency. This is a centralized digital currency.

Ethereum 2.0 will process over 1000 transactions. I think this is the future coin number 1 in the whole world.

Saugani

member

Activity: 672

Merit: 35

#BUIDL team to become delegates-validator

The solution seems to be to explore new ways of organizing decentralized ledgers, apart of using chains. Chains are serial, and Block 1 has to come before Block 2 (transaction ordering). It will always be a bottleneck (without optimal performance) We have to parallelize the processing of transactions and get rid of transaction order to speed things up.

TPS is very important in the blockchain because of the scale it to see a performance transaction on the network.

you know, when the ethereum 2.0 will be officially announce as soon, Core-dev will fixed in the scalability of the TPS network as soon. I forgot this, maybe called layer-sharding, so another issue Casper, Plasma

throwawayman

newbie

Activity: 7

Merit: 0

I'm always confused as to what factors actually contribute to a CryptoCurrencies capacity?

If you guys could provide a run down on what do the following blockchains do under the hood to have this TPS and what it's
limitations are in that regard than I'd appreciate it:

Bitcoin (7 TPS)

Ethereum (20 TPS)

IBM Blockchain (1000 TPS)

Ripple (1500 TPS)

Cheers.

Topic: What makes one currency able to handle more TPS than another? (Read 91 times)