Topic: Which cryptocurrency is the fastest? - page 12. (Read 15822 times)
There are many crypto currencies are available with almost instant confirmation but I always prefer litecoin for faster transaction because it already got reputation too so these coin will be good for our day to day usage in future.Another one is DASH which has instant transaction and also one of the reputed coin as well.
Well, for me it's really difficult to tell you which is the fastest. Today every new project claim to be "the fastest crypto", but in reality it's always kinda difficult. Maybe when Seele comes out - it may become the fastest...
That's certainly true, mate. It's hard to know with certainty which cryptocurrency is the fastest, since many factors can determine their speed. Factors such as a lot of users making transactions on a ledger, can dampen the speed of a cryptocurrency and make fees rise to the moon. This is happening with Bitcoin right now, where it once stood to be fast since it didn't have a lot of users transacting in its ledger. The moment Bitcoin became adopted in the mainstream world, was such were transaction speeds became slower and fees higher.
Therefore, such situations could happen with any cryptocurrency nowadays, even those who claim that are the fastest in existence. Depending on the load, will be their speed to process transactions within a given amount of time. Things aside, I think that Ripple, Stellar, and Bitshares could remain fast as they have higher capacity in transaction throughput than many cryptocurrencies we know and love today. Just my thoughts
I can't say for sure, but one of the fastest cryptocurrencies is the nem cryptocurrency – 4000 operations per second.
The platform offers some of the fastest cryptocurrency transactions. The main direction of development is the organization to provide services and collect currency on the ICO. With the help of blockchain, you can conveniently convert different tokens into real currency.
Cooperation is conducted with the largest company DigitalEconomyCorporation. NEM has some technical issues and the development team is actively working on it.
The platform offers some of the fastest cryptocurrency transactions. The main direction of development is the organization to provide services and collect currency on the ICO. With the help of blockchain, you can conveniently convert different tokens into real currency.
Cooperation is conducted with the largest company DigitalEconomyCorporation. NEM has some technical issues and the development team is actively working on it.
I think STEEM is one of the fastest if I am not mistaken. I think it can do exponentially more transactions per second than Ethereum or Bitcoin can right now. Bitcoin needs some major improvements to stay on top.
As I know - the fastest current working blockchain is BitShares. 100 000 transactions per sec. This is crazy 
DigiByte is pretty nice too: it has the fastest block speed of any public UTXO blockchain in the world today with 15 second block timings
DigiByte is pretty nice too: it has the fastest block speed of any public UTXO blockchain in the world today with 15 second block timings
No one is the fastest, it all depends on the transaction volume at the time that your transaction went through and if the transactions volumes increases then the transaction times become slower and transaction fees will increase. They all have their good times and their bad times and in bull markets, the coins and their transactions becomes slower due to increased transactions
As Bitcoin becomes slower each day in transaction confirmation time, other alternatives could prove to become useful for everyday transactions. Cryptocurrencies like Litecoin, Dogecoin, and even Ethereum have faster transaction confirmation time allowing you to send and receive coins at a hassle-free way.
Thus, among the wide variety of altcoins, many have block times which are near instantaneous. Based on these facts, which cryptocurrencies do you consider the fastest?
I would appreciate if you would list it or them here.
Thus, among the wide variety of altcoins, many have block times which are near instantaneous. Based on these facts, which cryptocurrencies do you consider the fastest?
I would appreciate if you would list it or them here.
Well, for me it's really difficult to tell you which is the fastest. Today every new project claim to be "the fastest crypto", but in reality it's always kinda difficult. Maybe when Seele comes out - it may become the fastest...
There are some really good Altcoins (like Litecoin, Waves) for fast transactions and I prefer to use Altcoin when transferring money wherever it available, however when we need to withdraw money I think the best option is Bitcoin.
Yeah. Most altcoins nowadays are ultra-fast in transaction processing times when compared to Bitcoin. With altcoins such as Litecoin, Waves, Ark, Ripple, Stellar, and Bitshares, transactions could get settle from a few seconds to just a few minutes. On the other hand, transactions on Bitcoin's ledger are extremely slow and take hours before they become fully confirmed on the network. As such, I believe that altcoins will become the top choice for anyone who's looking to send money in a fast and cheap way.
Right now, the fastest cryptocurrencies are Bitshares, Ripple, ARK, and Stellar, but once Bitcoin's Lightning Network becomes active and highly adopted in the mainstream world, then Bitcoin would become the fastest cryptocurrency in existence with near-instant speeds in transaction processing time. Just my opinion
There are some really good Altcoins (like Litecoin, Waves) for fast transactions and I prefer to use Altcoin when transferring money wherever it available, however when we need to withdraw money I think the best option is Bitcoin.
BitCoin is still not accelerating despite the software update, the team will try to speed up the bitcoin transfers in November. The ethereum and dash looks very fast now
EOS have great confirnation speed, but it still tokens and not yet swapped. EOS will swap to mainnet and tokens will swap to coins, so i think when the full mainnet release, Eos will have the fastest speed.
Completely agree with you, mate. Right now, EOS is just a mere ERC-20 token that lives within the Ethereum blockchain. However, when it becomes released by June, and able to deliver as promised, it will be the fastest cryptocurrency in existence to date. I've seen that EOS will be capable of handling 1,000,000 TPS which makes it far more superior than any cryptocurrency in existence today. It will also be capable of surpassing Visa and MasterCard's TPS allowing EOS to become highly used in the mainstream world.
Nevertheless, only time will tell which cryptocurrency will remain the fastest. As far as I'm aware, Bitcoin's Lightning Network will be able to provide instant transactions which will prove to be the fastest cryptocurrency in existence. Other altcoins that will adopt the Lightning Network, will experience the same benefits in speed as BTC. Lastly, Dash also has instant speeds when its "Instant Send" feature is used. Just my thoughts
DigiByte Coin Fastest -
DigiByte block mined every 60 seconds and manage up to 140 transactions per second.
DigiByte block mined every 60 seconds and manage up to 140 transactions per second.
EOS have great confirnation speed, but it still tokens and not yet swapped. EOS will swap to mainnet and tokens will swap to coins, so i think when the full mainnet release, Eos will have the fastest speed.
I'm inclined to the fact that it's Litecoin, because the rate of this coin is growing quite stably, and the capitalization is growing even faster.
The speed of transactions has recently increased in Bitcoin. Also, the price for the transaction decreased. If we talk about altcoins that can be faster, then I would choose Ethereum and EOS.
Coins using Directed Acyclic Graph are the fastest things we have, and they're supposed to become faster as the network grows, so the answer is Byteball and Iota.
Any blockchain or DAG system has problems with scaling. While the number of participants in the network is small, limitation of transaction speed is not noticeable. But when it comes to the global market, it becomes obvious that blockchain or DAG systems can't cope with such transaction volumes.
I think haven't learned entirely on each crytocurrency the fastest, but I am currently using the ETH is very quick to come on the market as well as the volume so as not to reduce the disadvantage
Info about transaction speed here: https://cryptocomes.com/which-cryptocurrencies-have-fastest-transaction-speeds
Thanks for sharing this useful resource, mate. According to the article, the fastest cryptocurrencies to date are Bitshares, Ripple, and Stellar. Bitshares takes the lead since block time is just 2 seconds, while Ripple takes 4 seconds, followed by Stellar/Lumens with 5 seconds. It's amazing to see such results since, there are many cryptocurrencies which are often slow in processing transactions. One good example is Bitcoin, which takes hours for a transaction to become fully confirmed by the network. However, once the Lightning Network becomes implemented, it'll be much faster than the above altcoins since speeds will be instant.
Using a cryptocurrency which is instant in block time, has a huge advantage over sending money around the world. Also, having little to no fees, is extremely beneficial as it improves the crypto economy. There's a cryptocurrency called NANO which is lightning fast and has zero fees. Therefore, fast and cheap cryptocurrencies are the future. Just my opinion
Info about transaction speed here: https://cryptocomes.com/which-cryptocurrencies-have-fastest-transaction-speeds
I think that Ripple and Stellar have the fastest transaction confirmation time now. Their transaction time is under 1 seconds. And there are many new coins also have fast transaction time with a small volume. we need more time to check their ability.
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