Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (189189)	6/25/2022 5:04:49 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 217767

I read this week BTC has gotten slower and this is pathetic: Home> Crypto 101>What is Transactions Per Second (TPS): A Comparative Look at Networks What is Transactions Per Second (TPS)? Visa Transactions Per Second Vs. Mastercard TPS Vs. Bitcoin TPS Paypal Vs. Bitcoin Transactions Per Second Bitcoin Vs. Alternate Blockchains Transactions Per Second The Blockchain Scalability Problem Vs. Blockchain TPS Get The Latest News And Updates From Phemex! Subscribe What is Transactions Per Second (TPS): A Comparative Look at NetworksAuthor: Jeffrey Craig Date: November 2, 2021 Transactions per second (TPS) refers to how many transactions the network can process in a second, followed by how rapidly the network can confirm a trade or an exchange. The average transaction speed is significant because it indicates the network’s current capacity to process transactions. If a cryptocurrency is experiencing an increase in its transaction volume, the average speed will be cut back. Transactions are the underlying unit of activity on any blockchain. How rapidly transactions are processed is critical in determining how useful a given cryptocurrency will turn out to be. What is Transactions Per Second (TPS)?Transaction per second (TPS) refers to the number of transactions that a network can process each second. The faster the network is, the better it manages congestion. As a result, this gives it a higher payment efficiency and thus, a higher chance of adoption, institutional or individual. Visa Transactions Per Second Vs. Mastercard TPS Vs. Bitcoin TPS Bitcoin processes 7 transactions per second.Visa processes around 1,700 transactions per second on average, claiming to be able to support 24,000 tps.Mastercard utilizes a network that claims to handle around 5,000 transactions per second.Bitcoin transactions operate more like cash i.e., they are exchanged person-to-person without a financial intermediary. Moreover, Bitcoin is not currently broadly accepted and must be used through an exchange. Visa and Mastercard are widely accepted but they charge fees. These companies offer fraud protection, but Bitcoin unfortunately does not. Bitcoin’s transactions per second is one of the challenges that the technology is yet to overcome.