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

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…