Topic: What's the highest number of TPS a crypto has ever reached? (Read 147 times)

As far as I know, those are simply claims. Nothing else. To verify the number of TPS a cryptocurrency has, some tests need to be done that will prove how scalable the underlying blockchain network is. So far, XRP and Stellar are the ones with the highest TPS because of the way they're designed (centralized). You would either sacrifice decentralization over scalability, or vice versa. It's no wonder why Bitcoin is so slow and expensive. The pioneer cryptocurrency has chosen decentralization over scalability for a very good reason. Other cryptocurrencies like Bitshares, XRP, Stellar, ARK, and Lisk are extremely fast and cheap to use because they have preferred scalability over decentralization.

Waves is also fast, but I believe its claims of 300K TPS are exaggerated. None of the cryptocurrencies I've toppled with, have reached a level of a million TPS. All I've seen are claims instead of verifiable proof from most Blockchain projects in the mainstream world. As time goes by, we'll be able to see a slight improvement in the number of TPS a cryptocurrency can handle. There's always a choice for people looking to use crypto for daily payments (XRP, XLM, EOS, ...) or as a store of value (Bitcoin, Litecoin, ...).

Nonetheless, the battle will be fierce among various cryptocurrencies with the aim of achieving the highest TPS within the mainstream world. While the average person doesn't care about this, avid crypto users (like you and me) do care. It's a matter of which cryptocurrency is the most useful to the world by providing the best scalable solutions that would keep the economy flowing for years to come. Just my opinion

I meant the max transaction per second eos ever did was 4k.

feel bad about that EOS because i'm a fan and have stake a good amount of it. 

the highest TPS i knew was WAVES which they claimed can do 300k TPS, not sure if its true though. and then there's also Cardano claim, so far there isn't a real number that can prove a project can scale up to millions.


with the number of dapps on it, somehow there is some grain of truth just like the TRON that has tons of dapps that processes a ton of transactions.

I seriously doubt that there are 4,000 transactions happening per second in the EOS Blockchain at the moment and it has been clogged for months, I couldn't even trade a few tokens in needed because I didn't have enough resources even though I have staked over 3 EOS, seeing is believing and I have to admit that EOS isn't convincing at all in light of what's been happening to the network lately.

A million TPS is just an exaggeration. The term is used to bring hype among everyday people than anything else. As you've said earlier, achieving the same level of scalability as VISA will suffice. While EOS is indeed fast and processes a lot of TPS, it hasn't been compared to the likes of VISA. It's possible to create a Blockchain that's able to outperform VISA with today's technologies, but it would be sacrificing decentralization over scalability. Such Blockchain would be considered extremely centralized, but extremely cheap and faster than traditional payment processors of today. I believe that the only ones that will achieve this will be mainstream companies alongside worldwide governments. Ripple's XRP Ledger and Facebook's Libra stablecoin have far better chances of achieving high TPS (due to centralization) than most well-known decentralized cryptocurrencies of today. Time will tell us if Blockchain will be able to defeat giants like VISA and Mastercard or all the other way around.

The article you've provided seems to give an in-depth analysis of which Blockchains truly deliver high TPS as promised. So far, 15k TPS seems to be the highest performance a Blockchain network has achieved within the mainstream world. But there's nothing stopping the industry from improving its scalability techniques until its able to outpace traditional payment processors as we know it. With so many cryptocurrencies available today, there might be no need to worry about achieving a high level of TPS after all. Just my thoughts

At this time, EOS has highest tested tps with about 4k. Feel free to correct if wrong.

What if we need a coin for all the payments,it will not possible to use any single currency for all over the world which has much faster transaction time.NEO is another crypto claims to have 10000 trasactions per second which is pretty high compared to VISA.

Technically there are many crypto that could achieve thousands of transaction per second. But for most, transaction per second does not matter as their number and volume of transaction are low. Bitcoin is about 5 transaction per second while it's about 20 for ethereum. They are the most transacted currency so we feel a congestion on their transaction. Any other coins would be perfectly fine with low TPS but coins like Bitcoin and Ethereum need to scale up their TPS.

Thanks to Bitcoin and even Ethereum, projects such as EOS found an opportunity and put more focus on the scalability issue. Looking at it from their pov, it wouldn't be bad to create hype around TPS.

The millions of TPS looks impossible to achieve at the moment. Let's see BSV's attempt for limitless TPS.
 

Yeah, a transaction speed similar to VISA is good enough right now but it doesn't hurt if any of these blockchains competing for TPS can raise the standard.

I laughed at the disclosure.

Anyway, there's also the Z-DAG by Syscoin with 14K-30K TPS according to Whiteblock's test,


edit:
I almost forgot about ethereum's 2.0. I read some comments on reddit that it could potentially reach 1M TPS 

It's impossible to achieve million TPS and we don't even need it. we just need a blockchain that will have the same scalability as VISA.
EOS claimed already achieved thousand TPS but that's just a big lie that already made by block.one team. some people estimated the real TPS that already achieved by EOS was around 50 TPS only.

Just see fieta a few months ago from this article and that said it has a real TPS which around 15k TPS.
https://hackernoon.com/who-scales-it-best-blockchains-tps-analysis-pv39g25mg

As of now, there are many Blockchain platforms available each with their unique features and use cases within the mainstream world. Some cryptocurrencies claim to have higher TPS than others, without any proof whatsoever. Only a few have been thoroughly tested to perform a high-degree of TPS across the Blockchain. Still, there's a lot of hype in which cryptocurrencies provide higher TPS than others. But at of the end of the day, none have been able to scale to millions of TPS worldwide.

Even EOS became clogged up recently, despite its claims of achieving asymmetrical scalability. Among the many cryptocurrencies available now, which are much faster and cheaper than Bitcoin itself, which do you think has achieved the highest number of TPS?

Perhaps, Bitcoin SV would be able to achieve limitless TPS as it removes the block size limit. The dev team will make this happen by 2020. But it's yet to be seen whenever Bitcoin SV will stand the test of time or not.

Any thoughts?