Topic: Which blockchain has the highest rated TPS? - page 2. (Read 252 times)
Solana is still number one on this list and they is also one of the cheapest blockchain out there. There is evidence on the internet about solana's actual TPS and it is really fascinating. I think they are more than visa can generate and with the new blockchain emerging on the horizon i think there will be a faster blockchain in the near future. Speed is becoming another point on which most of the new blockchain are focusing their efforts. But after the end of the ETH development roadmap, I think ETH will dominate the TPS sector.
I guess that it's all claims and gueses about the Blockchain with the highest TPS, with no proven evidence, they probably overtake each other at intervals. But with my research so far I think that I'll go with your submissions and settle for Solana.
Solana gives you a fast confirmation experience because they have a Proof of History mechanism, which is similar to the Lightning Network, where the transaction cannot be processed until the block time has passed, but this acceleration brings problems that may lead to the network stopping for hours if any problem occurs. increasing the price means more auditors and more problems.XRP is the highest TPS without any down time.
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.
As far as I know, you would only find a lot of claims but no actual evidence. As you and mk4 mentioned Solana is still the leader as of now. There have been claims by Fantom and Elrond that they have a TPS of more than 10k but there is no actual evidence provided by them.
I guess that it's all claims and gueses about the Blockchain with the highest TPS, with no proven evidence, they probably overtake each other at intervals. But with my research so far I think that I'll go with your submissions and settle for Solana.
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.
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.
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.
As far as I know, you would only find a lot of claims but no actual evidence. As you and mk4 mentioned Solana is still the leader as of now. There have been claims by Fantom and Elrond that they have a TPS of more than 10k but there is no actual evidence provided by them.
Among the various blockchains available, which one has been proven to have the highest TPS? I'm not talking about claims, but rather concrete results. Something that's been tested to deliver as promised.
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.
Your input would be greatly appreciated. Thank you.
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.
Your input would be greatly appreciated. Thank you.
How can you count something that is not actually used for its intended purpose? L1 blockchains TPS can be considered more or less close to reality because they are used as a means of payment (transfers, fee, purchase/sale of NFTs). All TPS of L2 blockchains are speculative and artificial because most transactions in them are essentially “dummy” - a transaction for the sake of a transaction (record in the blockchain) with the prospect of retrodrops. TPS indicators and the actual use of blockchain are not 100% dependent on each other. For example, we can recall the quarkchain with 100K TPS in the test network... and how is this potential used 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.
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/
The internet says different think like this one from google that Solana is a blockchain network that has a Transaction Per Second (TPS) rate of 65,000. but there is also In 2023, The Open Network Foundation (TON) set a new world record by achieving 104,715 transactions per second.
and there is another article from the medium Some of the fastest blockchain networks currently include Coreum at 7,000 TPS, Solana at over 4,000 TPS, and Aleph Zero at a whopping 100,000 TPS.
and there is another article from the medium Some of the fastest blockchain networks currently include Coreum at 7,000 TPS, Solana at over 4,000 TPS, and Aleph Zero at a whopping 100,000 TPS.
Among the various blockchains available, which one has been proven to have the highest TPS? I'm not talking about claims, but rather concrete results. Something that's been tested to deliver as promised.
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.
Your input would be greatly appreciated. Thank you.
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.
Your input would be greatly appreciated. Thank you.
Some blockchains have probabilistic finality, which means that the probability of a transaction being reversed decreases as more blocks are added after it. Other blockchains have deterministic finality, which means that a transaction is final once it is confirmed by a certain number of validators.
According to the latest data from BitInfoCharts, the blockchain with the highest TPS is Solana, with an average of 3,000 TPS and a peak of 710,000 TPS. Solana uses a hybrid proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanism, and has a block finality time of 21 to 46 seconds.
Other blockchains with high TPS include Avalanche, with an average of 4,500 TPS and a peak of 6,500 TPS; Aptos, with an average of 2,000 TPS and a peak of 10,000 TPS; and Fantom, with an average of 1,500 TPS and a peak of 3,000 TPS. These blockchains use different variants of PoS consensus, and have block finality times ranging from 1 to 3 seconds.
Therefore, you should always check the current TPS and time to finality of each blockchain before making a transaction. You can use tools like [Solana Beach] for Solana, [Avalanche Explorer] for Avalanche, [Aptos Explorer] for Aptos, and [Fantom Explorer] for Fantom to monitor the network performance and fees.
Among the various blockchains available, which one has been proven to have the highest TPS? I'm not talking about claims, but rather concrete results. Something that's been tested to deliver as promised.
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.
Your input would be greatly appreciated. Thank you.
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.
Your input would be greatly appreciated. Thank you.
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