The ecosystem Blockchain is rapidly growing in the internet to meet up the demands of the cryptocurrency projects and some of the Blockchains that have developed in the recent time are: Aleph Zero which is a layer 1 Blockchain and it well secured to be used and it has low transaction cost. And the open source cutting edge Blockchain of Solana is one the top 5 Blockchain in the recent time. Then the Decentralized Financial (DeFi) Blockchain of Injective is also among them. And Coreum Blockchain which also well secured and decentralized in nature.
But all of the above what people need is the Blockchain that has the lowest transaction and not the Blockchain that is popular has the highest Transaction peer Second TPs. Nobody even think of that in these days. Like when Bitcoin transaction fee was high, people were looking for alternative coins to make their transaction that would give them Lower tx.
Topic: Which blockchain has the highest rated TPS? (Read 252 times)
Nothing new, it was still Solana and XRP leads as the highest-rated TPS and we're not sure if we can see another project that would be able to compete with them closely.
If the current situation (high fees) remains, let us say years, these two blockchains will be even more recognized. And probably developers will consider creating projects that help to solve the problem and offer low fees and fast transaction confirmations. Because that is what the users are looking now or else, no major crypto adoption happen especially when this high fee issue in BTC and ETH stays long.
If the current situation (high fees) remains, let us say years, these two blockchains will be even more recognized. And probably developers will consider creating projects that help to solve the problem and offer low fees and fast transaction confirmations. Because that is what the users are looking now or else, no major crypto adoption happen especially when this high fee issue in BTC and ETH stays long.
Exacrly. Nobody cares about decentralization these days (except for a very small minority), so coins with lower fees will be the ones that will gain traction in the long run. While XRP and Solana have high TPS, I believe DAG-based networks like Nano and IOTA will prove to be superior in every way. Transactions on these chains settle almost instantly with virtually no fees. It's just that their claims of high TPS haven't been proven yet (AFAIK). Hedera Hashgraph (HBAR) is also based on the same tech as Nano and IOTA.
Competing chains may claim all they want, but real life usage/demand will determine their true transaction capacity. Ultimately, there's no "middlepoint" between decentralization and scalability. Either a coin is cheap and fast to use at the cost of decentralization or all the other way around. Who knows what will be the fate of both XRP and Solana?
Nothing new, it was still Solana and XRP leads as the highest-rated TPS and we're not sure if we can see another project that would be able to compete with them closely.
If the current situation (high fees) remains, let us say years, these two blockchains will be even more recognized. And probably developers will consider creating projects that help to solve the problem and offer low fees and fast transaction confirmations. Because that is what the users are looking now or else, no major crypto adoption happen especially when this high fee issue in BTC and ETH stays long.
If the current situation (high fees) remains, let us say years, these two blockchains will be even more recognized. And probably developers will consider creating projects that help to solve the problem and offer low fees and fast transaction confirmations. Because that is what the users are looking now or else, no major crypto adoption happen especially when this high fee issue in BTC and ETH stays long.
There is one more which is trying to come up. I am talking about TonBlockchain. It has recorded 100K transaction per second on 2nd November 2023. And still this blockchain is struggling. https://www.ccn.com/news/ton-network-transactions-beat-mastercard-visa/
This is little bit hard to know currently how much TPS of this Blockchain has. But this is struggling much.
This is little bit hard to know currently how much TPS of this Blockchain has. But this is struggling much.
TON is relatively a less known block chain when we compare it with prominent chains such as Ethereum, Solana and BNB, despite the fact that it was launched in 2018. However, this chain has drawn attention of many investors in crypto space when its all technical advancement work was competed, and noteworthy achievement was its TPS reaching 100,000. Consequently, its native Coin TON's price surged almost 100% during the year 2023.
Given the potential for further growth, it is worth considering for investment.
https://coinmarketcap.com/currencies/toncoin/#Markets
Maybe its all about ones need, some might find ETHEREUM faster, for some BNB will be the best performer and some will rely on TON.
However 2023 has explored non Ethereum blockchain platform, and they have successfully made their mark in the crypto world.
Majority of crypto world agrees that SOLANA has been the fastest when it comes to TPS, however the factor of demand and supply is also vital to it performing as per the user needs.
https://coincodex.com/article/24666/solana-tps/
It not about other people's beliefs. We need data to see which blockchain has the best TPS and in this race solana is the current winner right now if i am not mistaken. You might say that an average ethereum user will consider that he is satisfied with the current speed of ETH if he doesn't care about the gas fees. All the blockchain is fast in general if you put higher gas fees than the rest of the people but it won't be cost-efficient if you are a frequent user of that blockchain.
For me, Solana has already proven it before, during the peak we saw drastically how Solana handled a lot of transactions.
What only downside of Solana especially before is the down time of it, one of the reasons why it was down before I think was because of the bots? I'm not sure. But for sure it is already fixed now.
What only downside of Solana especially before is the down time of it, one of the reasons why it was down before I think was because of the bots? I'm not sure. But for sure it is already fixed now.
Only time will tell us if Solana will be able to handle large TPS without downtime. Decentralization is a must for the network to survive a long time. And that is something the project is lacking. At least, Solana isn't as centralized as XRP is. The latter is the "banker's coin" prone to manipulation and corruption. Just like Fiat.
With the way it was designed, XRP might replace the SWIFT system in the future. I'd have to deliver as promised if it wants to reach the whole world, though. The network must handle large TPS without an increase in fees or wait times. I wonder which Blockchain will prevail in achieving widespread adoption worldwide?
We can never be sure to what extent they can hold when they start getting huge amount of transactions per day.
So yes, it is only a matter of time that can tell us how they will perform during bulk transactions or when there's too much clients on their network.
It may have high TPS but yes, look at the fees or duration of the transaction. Sometimes you can't get all those good features when the network is starting to go mainstream.
This is why project developers should always make a point to upgrade their network or do something about their increasing number of clients.
For me, Solana has already proven it before, during the peak we saw drastically how Solana handled a lot of transactions.
What only downside of Solana especially before is the down time of it, one of the reasons why it was down before I think was because of the bots? I'm not sure. But for sure it is already fixed now.
What only downside of Solana especially before is the down time of it, one of the reasons why it was down before I think was because of the bots? I'm not sure. But for sure it is already fixed now.
Only time will tell us if Solana will be able to handle large TPS without downtime. Decentralization is a must for the network to survive a long time. And that is something the project is lacking. At least, Solana isn't as centralized as XRP is. The latter is the "banker's coin" prone to manipulation and corruption. Just like Fiat.
With the way it was designed, XRP might replace the SWIFT system in the future. I'd have to deliver as promised if it wants to reach the whole world, though. The network must handle large TPS without an increase in fees or wait times. I wonder which Blockchain will prevail in achieving widespread adoption worldwide?
Blockchains like XRP and Solana claim to process large TPS, but that hasn't been proven yet (AFAIK). If there's a blockchain network that can handle many TPS like Visa, then crypto would be on a road towards massive adoption worldwide.
For me, Solana has already proven it before, during the peak we saw drastically how Solana handled a lot of transactions.What only downside of Solana especially before is the down time of it, one of the reasons why it was down before I think was because of the bots? I'm not sure. But for sure it is already fixed now.
There is one more which is trying to come up. I am talking about TonBlockchain. It has recorded 100K transaction per second on 2nd November 2023. And still this blockchain is struggling. https://www.ccn.com/news/ton-network-transactions-beat-mastercard-visa/
This is little bit hard to know currently how much TPS of this Blockchain has. But this is struggling much.
This is little bit hard to know currently how much TPS of this Blockchain has. But this is struggling much.
TON is relatively a less known block chain when we compare it with prominent chains such as Ethereum, Solana and BNB, despite the fact that it was launched in 2018. However, this chain has drawn attention of many investors in crypto space when its all technical advancement work was competed, and noteworthy achievement was its TPS reaching 100,000. Consequently, its native Coin TON's price surged almost 100% during the year 2023.
Given the potential for further growth, it is worth considering for investment.
https://coinmarketcap.com/currencies/toncoin/#Markets
Maybe its all about ones need, some might find ETHEREUM faster, for some BNB will be the best performer and some will rely on TON.
However 2023 has explored non Ethereum blockchain platform, and they have successfully made their mark in the crypto world.
Majority of crypto world agrees that SOLANA has been the fastest when it comes to TPS, however the factor of demand and supply is also vital to it performing as per the user needs.
https://coincodex.com/article/24666/solana-tps/
TPS can be increased either by making the blocks larger or by increasing the number of average blocks per minute/10 minutes. If the number of blocks is increased, the probability of double spending will be higher, which makes some services set a limit of 10 confirmations before the transaction is considered valid, or by increasing the size of the blocks, and here it should be. A reasonable increase, for example, is less than 32 MB. Therefore, there must be a certain TPS limit to say that the network is decentralized and secure, so that obtaining a single confirmation makes the transaction final in most cases.
This is only possible by increasing the size of the blocks and not making a comparison with central services such as Visa and MasterCard, otherwise the resulting solutions will increase the number of confirmations.
This is only possible by increasing the size of the blocks and not making a comparison with central services such as Visa and MasterCard, otherwise the resulting solutions will increase the number of confirmations.
That's the problem. Developers are laser-focused on beating down Visa and Mastercard, without realizing the cost of doing so. By increasing TPS, they would be reducing the Blockchain's level of decentralization in the long run. You can't just have the "best of both worlds". I'm afraid crypto's limitations will persist for a very long time. Because of this, it will never replace Fiat as the dominant force of the global economy.
At least, people will be able to get true financial freedom. The most capable public blockchain networks (XRP, SOL) are sure to get greater adoption over time. Probably even more than BTC and ETH combined. The higher the number of TPS, the faster mainstream adoption/demand will increase. Hopefully, old blockchain networks (BTC, ETH) would solve their scaling problems for greater acceptance worldwide. As long as decentralization wins, nothing else matters. Just my opinion
While many projects can boast this TPS attribute that they have. Once they become in demand and there are more investors and users using them, that will eventually change. Because of network traffic, they would just say that they are experiencing scaling issues and need some upgrade but then from the beginning they are boasting of their tps and cheaper fees.
Exactly while it makes a project more efficient and attractive to investors, a higher TPS does not necessarily mean that it is much better than those with lower TPS
TPS depend on the blockchain’s purpose itself some projects have high TPS because of the much lesser data they have to process which does not mean it is already superior to other cryptocurrencies
There is one more which is trying to come up. I am talking about TonBlockchain. It has recorded 100K transaction per second on 2nd November 2023. And still this blockchain is struggling. https://www.ccn.com/news/ton-network-transactions-beat-mastercard-visa/
This is little bit hard to know currently how much TPS of this Blockchain has. But this is struggling much.
This is little bit hard to know currently how much TPS of this Blockchain has. But this is struggling much.
TON is relatively a less known block chain when we compare it with prominent chains such as Ethereum, Solana and BNB, despite the fact that it was launched in 2018. However, this chain has drawn attention of many investors in crypto space when its all technical advancement work was competed, and noteworthy achievement was its TPS reaching 100,000. Consequently, its native Coin TON's price surged almost 100% during the year 2023.
Given the potential for further growth, it is worth considering for investment.
https://coinmarketcap.com/currencies/toncoin/#Markets
While many projects can boast this TPS attribute that they have. Once they become in demand and there are more investors and users using them, that will eventually change. Because of network traffic, they would just say that they are experiencing scaling issues and need some upgrade but then from the beginning they are boasting of their tps and cheaper fees.
Exactly while it makes a project more efficient and attractive to investors, a higher TPS does not necessarily mean that it is much better than those with lower TPS
TPS depend on the blockchain’s purpose itself some projects have high TPS because of the much lesser data they have to process which does not mean it is already superior to other cryptocurrencies
and the TPS could eventually decrease while the network problem worsens. and transaction fee also increases.
ETH 15 transact/sec was already praised years ago but there must be truth to what they say about technology evolving all the time and old tech being replaced by new.
SOL may be winning in this fight but it may not take another 4 years, there will be another that will sprout out to challenge it.
with so many cryptocurrencies, the adoption is not just for one network i think so there might not be the need to fight over which one has the most TPS.
While many projects can boast this TPS attribute that they have. Once they become in demand and there are more investors and users using them, that will eventually change. Because of network traffic, they would just say that they are experiencing scaling issues and need some upgrade but then from the beginning they are boasting of their tps and cheaper fees.
Exactly while it makes a project more efficient and attractive to investors, a higher TPS does not necessarily mean that it is much better than those with lower TPS
TPS depend on the blockchain’s purpose itself some projects have high TPS because of the much lesser data they have to process which does not mean it is already superior to other cryptocurrencies
While many projects can boast this TPS attribute that they have. Once they become in demand and there are more investors and users using them, that will eventually change. Because of network traffic, they would just say that they are experiencing scaling issues and need some upgrade but then from the beginning they are boasting of their tps and cheaper fees.
The highest TPS does not mean anything if I have to wait 10 blocks before my transaction is confirmed or more, so the most important factor is the average waiting time before we say that the transaction is secure, and not the fastest blockchain that gets confirmations.
that is true but at least with higher tps that also means the confirmation also get faster, which also means waiting time will be reduced, i think most of the time the amount of confirmation required by some exchange is based on the exchange preference maybe they think if the tps is higher they need to put more confirmation just in case for the sake of avoiding double spending but idk, its all depends on the exchange or any service in that regard themselves.This is only possible by increasing the size of the blocks and not making a comparison with central services such as Visa and MasterCard, otherwise the resulting solutions will increase the number of confirmations.
Is high TPS important for security of my fund transaction through a blockchain?
I would like to choose a blockchain that can provide me best security, not with fastest transaction time.
Another thing I consider is cheap transaction fee but it must come together with that blockchain infrastructure for my transaction security.
I would like to choose a blockchain that can provide me best security, not with fastest transaction time.
Another thing I consider is cheap transaction fee but it must come together with that blockchain infrastructure for my transaction security.
The highest TPS does not mean anything if I have to wait 10 blocks before my transaction is confirmed or more, so the most important factor is the average waiting time before we say that the transaction is secure, and not the fastest blockchain that gets confirmations.
Centralized blockchains, such as Binance smart chain, can process many transactions per second, as can XRP, but to test these claims, these blockchains need to be full, and most blocks are mined empty.
that is true but at least with higher tps that also means the confirmation also get faster, which also means waiting time will be reduced, i think most of the time the amount of confirmation required by some exchange is based on the exchange preference maybe they think if the tps is higher they need to put more confirmation just in case for the sake of avoiding double spending but idk, its all depends on the exchange or any service in that regard themselves.Centralized blockchains, such as Binance smart chain, can process many transactions per second, as can XRP, but to test these claims, these blockchains need to be full, and most blocks are mined empty.
in my opinion TPS is indeed important, if the tps is low the and traffic high, the result would be like ethereum, you need humongous amount of money to pay for fee since everyone want to get their transaction ahead. high tps will contain such problems.
the thing is that most of the time these TPS benchmark result are often overly inflated by the devs, not reflecting reality, and as a result, not much higher improvement performance side in reality leaving the innovation useless.
Solana and XRP are probably the ones that are actually doing numbers right now with not just hype, even though Solana had problems in the past it's running far smoother today.
Solana's current TPS is around 2500-3000: https://solanacompass.com/
Solana's current TPS is around 2500-3000: https://solanacompass.com/
It's said that Solana far surpasses XRP in transaction capacity. Whenever that's true or false, it's yet to be seen. If there are concrete results (real life tests) providing proof of SOL's TPS, then it can be considered as the most scalable blockchain in the world. I'm yet to see whenever Solana will remain stable for long, or experience another outage after increased network activity.
I'd prefer a decentralized and reliable network, even if I have to pay a high fee in return (within an acceptable range, of course). Most people prefer convenience, so they will choose the centralized route. A pity, because this will give governments more control over crypto. Who knows how will the industry change in the future?
I have the same question, haven't found answer yet.
I keep hearing that this is not solana's real TPS, these numbers are inflated with validator's vote transactions while real TPS is below 1k, now I don't understand exactly why but validator vote transactions are not supposed to be there.
This post explains this somewhat: https://mirror.xyz/transactions-in-solana
Solana and XRP are probably the ones that are actually doing numbers right now with not just hype, even though Solana had problems in the past it's running far smoother today.
Solana's current TPS is around 2500-3000: https://solanacompass.com/
Solana's current TPS is around 2500-3000: https://solanacompass.com/
I keep hearing that this is not solana's real TPS, these numbers are inflated with validator's vote transactions while real TPS is below 1k, now I don't understand exactly why but validator vote transactions are not supposed to be there.
This post explains this somewhat: https://mirror.xyz/transactions-in-solana
There's a project called Aleph Zero that claims to have a TPS of over 80K second. They claimed they achieved 89600 tps in optimal condition. https://docs.alephzero.org/aleph-zero/
Another popular project that claims a higher TPS is hedera. According to their own website the TPS is 10K. https://hedera.com/hbar#compare
Algorand claimed to have achieved 6K TPS on a blog post https://developer.algorand.org/articles/algorand-boosts-performance-5x-in-latest-upgrade/
TPS itself is not the ultimate metric for success, most of the active projects aims to increase there's. For users the transactions should be cheap and fast enough. It doesn't matter if it takes 2, 4 or 8 seconds.
Another popular project that claims a higher TPS is hedera. According to their own website the TPS is 10K. https://hedera.com/hbar#compare
Algorand claimed to have achieved 6K TPS on a blog post https://developer.algorand.org/articles/algorand-boosts-performance-5x-in-latest-upgrade/
TPS itself is not the ultimate metric for success, most of the active projects aims to increase there's. For users the transactions should be cheap and fast enough. It doesn't matter if it takes 2, 4 or 8 seconds.
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