What is TPS (Transactions Per Second) Rate in Crypto?

What is TPS (Transactions Per Second) Rate in Crypto?

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Transactions per second (TPS) measures the number of transactions a blockchain network can process in one second. It is often used as a metric to compare the performance and scalability of different blockchain networks.

The TPS rate of a blockchain network depends on several factors, such as the block size and time, the number of nodes in the network, and the algorithm used for consensus. For example, Bitcoin has a TPS rate of around 7, while Ethereum has a TPS rate of around 15-20. In comparison, networks like Visa claim to have a TPS rate of around 24,000.

Some blockchain projects aim to improve their TPS rate through off-chain scaling solutions like the Lightning Network for Bitcoin and Plasma for Ethereum.

Popular Cryptocurrency Projects and Their TPS

Here is a list of some of the most popular cryptocurrency projects and their approximate transactions per second (TPS) rates:

  • Bitcoin: 7 TPS
  • Ethereum: 15-20 TPS
  • Ripple (XRP): 1,500 TPS
  • Litecoin: 56 TPS
  • Bitcoin Cash: 60 TPS
  • EOS: 4,000 TPS
  • Tron: 2,000 TPS
  • Cardano: 257 TPS
  • IOTA: 7-15 TPS

TPS rates can vary depending on the specific implementation and configuration of the network, as well as the load on the network at any given time. Moreover, some of these projects have also undergone updates to improve their TPS.

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Some projects claim much higher TPS than the above, but there is no definitive way to measure the TPS of a network, and different methods can yield different results. Therefore, these TPS rates are the approximate values based on the most recent data available and can change over time.

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