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106 May 2022, 12:03
#CHOcabulary | Your crypto dictionary
In the context of blockchain, transactions per second (TPS) stands for the quantity of transactions that a network is allowed to process every second.
How many transactions per second can Bitcoin handle?
Bitcoin processes 5-10 transactions per second. Visa does around 1,700 transactions per second on average (based on a calculation derived from the official claim of over 150 million transactions per day).
What about other popular blockchains?
the Solana blockchain has a transaction speed of 50,000 TPS.
Fantom: 25,000 TPS
Cardano: 250 TPS, currently, the platform is working towards increasing its speed to 1,000 TPS.
Etherium: 34 TPS
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#CHOcabulary | Your crypto dictionary.
#CHOcabulary | Your crypto dictionary
In the context of blockchain, transactions per second (TPS) stands for the quantity of transactions that a network is allowed to process every second.
How many transactions per second can Bitcoin handle?
Bitcoin processes 5-10 transactions per second. Visa does around 1,700 transactions per second on average (based on a calculation derived from the official claim of over 150 million transactions per day).
What about other popular blockchains?
the Solana blockchain has a transaction speed of 50,000 TPS.
Fantom: 25,000 TPS
Cardano: 250 TPS, currently, the platform is working towards increasing its speed to 1,000 TPS.
Etherium: 34 TPS
Telegram | Twitter | Discord | Medium