Bitcoin Forum

Alts claiming the title of fastest

As I gathered information for articles on the fastest coins / blockchains, I formed an extensive list of cryptocurrencies created with the goal of outperforming payment systems like VISA or SWIFT in performance. I have collected information about coins (consensus, hashing algorithm, metrics, website, presence of GUI-wallets) in one Google spreadsheet and I want to present it to the community, because I suspect that this rating will constantly change and need changes and additions. There he is:

Fastest coins/blockchains list (google table) (https://docs.google.com/spreadsheets/d/1cargBP4eNCXOVyni4CORC0M_vQIIHlsuGwhKeDkAl78)

https://i.imgur.com/mQLkGKF.png

Why did I make this list. In short, I wanted to. In more detail, it seems to me that no one has yet done this with such a set of characteristics. Everything is known in comparison, and the more parameters for comparison, the better. My set is listed in the table header. This is the average transaction confirmation rate, current network performance, coin price, total emission, consensus, and what kind of end-user software has been developed at the moment. As a result, I got TOP20 of the fastest coins/blockchains. Also becouse of I specialize in software reviews, I collect information about which GUI/Web/Mobile wallets/ledgers exist for a particular coin/blockchain.

Color legend

• Coins highlighted in red - I'm not sure yet that they can be attributed to the fastest, or something is wrong with them. Perhaps they are misleading.
• Bold cells are coins with a small issue and a price above $ 1. For some reason, I wanted to highlight them. Perhaps in the future I will highlight several lines according to another criterion. Maybe the three fastest. Tell me the best.
• new - not necessarily new, just recently added.

Why am I leaving this here. If you are interested in the topic, and especially if you have something to add / change - comment. I will check the information and make changes. I also plan to write a series of articles on this topic to talk in more detail about how all these projects have distinguished themselves. If you find this idea interesting and can somehow help with this - write to me. It also turned out that these coins are in demand for quick transfers between exchanges.

Resources I used:
https://thebcj.ru/2018/06/10/skorost-tranzakcij-kakoj-kriptovalyutoj-perevodit-bystree/
https://bitcointalk.org/index.php?topic=3026750.0
https://coincheckup.com/coins/
https://blockchair.com/en/bitcoin/charts/transactions-per-second
https://bitcointalk.org/index.php?topic=2415474.0

Thank you for paying attention to this post! The information collected in the table is not extremely accurate. All figures are approximate! I tried to collect information that gives an idea of ​​the speed of a particular solution and I understand perfectly that the situation can dynamically change depending on the number of network nodes, the bandwidth of communication lines, and so on. Therefore, you should note that all data are approximate.

I hope that the information is useful to someone in work, research, or just for information. The table will be updated approximately once a month. I add new coins to the end of the list, then sort them alphabetically so as not to offend anyone if some kind of mistake occurs. But you can create your TOP20 yourself by sorting the table by transaction confirmation rate and/or by the number of transactions per second.

PS The table is still under development - I have not yet collected all the information on available wallets. I think you can understand and forgive. You can even help.

Interesting list.

However, it is important to note that up to a certain point, the speed of the coin simply does not matter anymore - whether or not a block will confirm within 10 secs after you sending it or 5 seconds honestly shouldn't bother anyone using this for normal commerce.

This shouldn't be the sole factor taken into judgment for picking your investments.

Thanks for the feedback. The main question that guided me in my research was how close are the blockchain or distributed ledger solutions to displacing or replacing traditional payment systems. Are they technically ready to beat VISA or SWIFT TPS? And im afraid the answer is not yet. But I do not argue that blockchain technologies are more universal, more functional and offer more features.

They are not ready to beat visa and why? i really appreciate what you have been writing here because it's very useful for us but about to know how much TPS that can be gained by a blockchain platform needs more deeply research.

I just take EOS as an example and 50k is not a real TPS that can be achieved by EOS. The fact that block.one is even feeling doubt if that protocol can be used to launch voice or not.

You should read this to know more about that
https://hackernoon.com/who-scales-it-best-blockchains-tps-analysis-pv39g25mg

Nice post OP! I always feel when alts start to claim fastest on the blockchain sector, then they really have no idea about what people really need. Worse,,, people fall for it and also think fast is good.

For example, Litecoin which I like, yes it is fast, and so is Ethereum, but which site on earth will give you 0 confirmation? None at all.

how about adding the source on the table instead of in the thread? for example, you can attach the link to the source that claims eos can do 50,000 tps or something like that.
we can use the source you use to compare it with ours, I found out nem can do 4,000 tps.

Thank you for suggestion. Yes, regarding EOS I's mistake, I made at the start of research. The source that misled me is here (https://thebcj.ru/2018/06/10/skorost-tranzakcij-kakoj-kriptovalyutoj-perevodit-bystree/). This was the first article I read on this topic and which, in principle, encouraged me to begin collecting additional information. So, your proposal about adding source in table is reasonable and of cource i'll do it. And yes, another source (https://hackernoon.com/who-scales-it-best-blockchains-tps-analysis-pv39g25mg) shows, that 3996 TPS is record for EOS mainnet (Jungle Testnet 2.0 record is 9179 TPS (https://medium.com/@cryptolions1/%D0%BD%D0%BE%D0%B2%D1%8B%D0%B9-%D1%82%D1%80%D0%B0%D0%BD%D0%B7%D0%B0%D0%BA%D1%86%D0%B8%D0%BE%D0%BD%D0%BD%D1%8B%D0%B9-%D0%BC%D0%B0%D0%BA%D1%81%D0%B8%D0%BC%D1%83%D0%BC-eosio-%D0%BF%D1%80%D0%BE%D0%B4%D0%B5%D0%BC%D0%BE%D0%BD%D1%81%D1%82%D1%80%D0%B8%D1%80%D0%BE%D0%B2%D0%B0%D0%BD-%D0%B2-jungle-testnet-9179-tps-%D1%82%D1%80%D0%B0%D0%BD%D0%B7%D0%B0%D0%BA%D1%86%D0%B8%D0%B9-%D0%B2-26a3232f9e6b)).

Thank you for article. Its very skeptical, but quite fair. Agree with you. Initially, I focused on publications, but I have an increasing understanding that studies done by a group of users by prior agreement deserve much more trust. The one useful I found is FLETA Mainnet Performance Test Report (https://fleta.io/download/191021_Mainnet_Performance_Test_Report.pdf), mentioned in your article, and other is Loadtest of ARDOR (https://www.jelurida.com/sites/default/files/ArdorLoadtestReport.pdf). I think that all research regarding the speed of certain blockchain should look something like this two.

I really appreciate your work, and I hope you can keep updating it from time to time(there will be an update happening, for example eth will go to pos and else) because it has value for the researcher and also for the users that look for the best coin for making a transaction.

dragonchain quite fast too.

It is a good list. The only thing that caught my attention is that Ethereum is not on the list. Yes, sometimes transactions can take minutes. But, this is normal for this kind of crowded blockchain.

actually it is normal but we know that sometimes network on ethereum blockchain is difficult to predict, sometimes it can be interrupted, and sometimes suddenly many people transact here causing this network slow down, even to make transactions in a matter of minutes it requires quite expensive gas,  in my opinion ethereum does not deserve to be included in "fastest coins" category

Thank you for +merit support and contribution. There is 3 projects in my waitlist to add.
Fleta (FLETA)   0.5sec   14 000 tps
Dragonchain      15 000 tps
SysCoin (SYS)      60 000 tps
Fleta and SysCoin has published detailed Loadtest reports (links already in the table). Dragonchain tweeted their TPS as 60 000. Sometimes advertised and verified TPS are little different. ;) I requested additional information on Dragonchain performance from the developers. And I'm trying to find information about average confirmation time for all 3. As soon as I know the transaction confirmation times, I will immediately add them to the list.

List updates:
Checked data on three recently added fast blockchains:

Dragonchain (DRGN)	15 000 tps
Fleta (FLETA)	14 000 tps
SysCoin (SYS)	14 000 - 30 000 tps

Six more in Waitlist: AION, DigiByte (DGB), Fantom (FTM), Futurepia (PIA), GoChain (GO), MetaHash (MHC). And it seems that soon I will have to leave only those that achieve performance over 1000 tps.
Exchanges Page: New!
Initially, my goal was to find out which blockchain can hold a load comparable to a visa, but I see that at this stage the main practical application is a quick transfer between exchanges. Therefore, I added the Exchanges page, where I compared all the coins with the most popular exchanges. There are six of them so far: Binance, Bittrex, Bitfinex, BTC-Alpha, Crex24, Kraken. What else to add? Yobit? Exmo? Huobi? Seems like the EOS, Ripple, Tron and OmiseGO are best listed for now. And yes, there is the withdrawal fee for each coin, if it is on the exchange!

Updates:

New column! Nodes online - average daily number of nodes online.

At the request of the people, I added a column with the number of nodes in the network. For networks where nodes are divided by role (like Fleta), the total number of nodes is indicated. For others (like BitShares or Universa) the number of masternodes (mn) or validators is indicated for the absence of other data. For some networks, the number of nodes could not be found, or the data is inconsistent. They are still marked with a question mark (?). These are Dragonchain (DRGN), EOS, ICON (ICX), Komodo (KMD) and OmiseGO (OMG). If you have data on the number of nodes in their mainnet, let me know.

DigiByte (DGB), Fantom (FTM), Futurepia (PIA), GoChain (GO), Seele (SEELE) - pending
Ardor (ARDR), Komodo (KMD), Waves (WAVES) - with all due respect, candidates for departure

AION will not be included in the list, as a) slow and b) having a central switch
Relictum Pro not listed as misunderstood

It's because title is 'fastest coins/blockchain list'  ::)

Other blockchains such as steem/eos could be processing transactions as much as ethereum, 'crowded' isn't an excuse. Plus there aren't any transaction fees either.

Bitcoin is taking at least 10 minutes gap for latency reasons whereas visa and swift are working based on central server based system hence for them it is much possible to process literally big number of tx per second.

I mean to say we should not focus on the things which are trying to shake the basics of what Mr.Satoshi has designed.
So, on top of blockchain based things like lightening-network kind of developments alone will persist and serve what you actually look for.

There's one problem with such lists: most of those coins are far from the actual number of real/worthy transactions of established blockchains, like Bitcoin or Ethereum.
This means that they may not be properly tested. Of course, as long as you don't transfer big bucks on those chains, not much to worry.
And of course, some of them are not actually decentralized coins, so they'll beat easily the proper coins at transaction speed.

But I cannot argue, there are plenty of fast coins, I used myself Ripple and Waves and they are indeed fast. I am kinda surprised Dogecoin didn't make it to the list.

If I am not mistaken the coins like NANO who are all using some kind of similar mesh/dag or whatever they are called nowadays, the more transactions and the more users, the faster they actually become. I did not fully understand it,,, but this means the more users, the more TPS and more secure. That was fascinating to me, can anyone confirm?

Waiting to give relictum pro a try, its said the relictum pro blockchain can process a million transactions in a second, surpassing EOS, ETH and Bitcoin all together, now that's what I called lightning speed

in my opinion the potential of crypto is that Altc is better than internet system services at central banks such as VISA. starting from the speed of service and ease and cheap access fees for each transaction. but the problem is the blockchain system can't cancel when we enter the address of our transaction incorrectly.

Nice initiative. It would be helpful to people looking for quick transacting coins. I hope you'd be able to add coins and keep it updated for a long term. Turning it into a website might be able to make it self sustaining.

Temtum’s main net is today capable of 120,000 TPS before network updates are deployed

https://test.lab.temtum.com/admin/load-test

See for yourself the speed on Temtum’s network - this is on the live test net which is the same as the mainnet

Here’s the explorer to see the blocks

https://explorer.lab.temtum.com/

Third party validated by bsi - listed on liquid and coinall - more exchanges to come soon

This was a PhD developed over 7 years - no other blockchain can come close - educate yourself on projects like this which is more than just token price

10 nodes online, decentralised, 12 second block time but also able to do instant confirmations

Where do you have Bitcoin and its Lightning Network? Isn´t it speed enough with preserved decentralization.
For example Tron claims to be faster than Ethereum, but Tron use DPoS as its consensus, so only 27 representatives vote what will happen in the network. That is not much, look how community reacted to Libra´s consensus.  ;)

A project that might worth mentioning Fantom, they claim they can process 300,000 TPS on its Opera chain.
I think it can be considered as the top fastest coin/blockchain, but of course, as long as the data they provided is accurate.
https://hackernoon.com/dag-a-buzz-or-breakthrough-9b433d0b5424
Do not forget other DAG-based projects such as Coti and Vite, they have a faster transaction speed compared to ETH and BTC.

Where can we validate the claims of fantom ? - anyone can claim high TPS but where it the demo / proof

Also dag =/ blockchain

There is no proof for that. Their claim is still a speculation like what already done by EOS and the result is being so far from what already speculated by the EOS team. We can't take it as a real TPS.
It's clearly mentioned in the WP if that's up to 300k TPS.
I don't even believe with big claim of TPS that can be done by those DAG platforms. that needs more audit.

Agreed - full third party validation and a live test that anyone can try is needed and not for just 2/3 seconds  - as far as I know only temtum has proven this

Not surprising considering the 13 research papers richard wrote about temtum as part of his PhD

These claims should be analysed like science research not just fraud claims like fantom

The fastest most tps = most centralized. This is a problem that they can only prentend to solve. The only real possible improvement over btc is variable blocksize. This does not account for dag or nano type designs

This is a very naive statement - some blockchains actually get faster the more it’s decentralised as they can use the latency of other nodes and delegation and sharding to Increase TPS

Naturally, when a newbie makes a slightly naive statement, because it may be that he wants to learn more about the blockchain, well if you know more about blockchain, then it is better to give a little explanation for those who do not really understand, not to ridicule.

That was why I said if the data they provided is accurate, I am trying to give him some direction about the issue he raised here. There are a lot of projects out there, he will waste a lot of time searching it one by one without any direction to start.
Another thing is, he was asking about Fastest coins/blockchain. Fantom, Coti, Vite and other DAG-based projects are coins, right?
Is there a problem suggesting it to him?

Blockchain 5.0 will be the fastest it things go accordingly to plan, better transfer speed and a milli transaction in a second is what crypto space have been dying to see, hopefully it works out

From your list a coin that it have 1M tps is Universa and I don't see the tag unproved, which makes me think is proved.
This is weird because it beats a lot of top coins and the project is on 500+ rank acording to CMC. Never heard of it until now. :-\

EDIT: Now I see is a Russian project and everything makes sense now ;)

But do they also not open themselves to new attack vectors and become less secure?
What about Ada and rchain offer?

Okay which single design offers improvements over bitcoin in all areas without giving up or creating new issues either attack vectors etc?
I have been reading what I can but i am not trained in deep analysis of these designs

Is there a clear design that has more advantages than disadvantages over bitcoin?

So many people and PhDs claiming their design is  superior until competitors claim there is blatant weaknesses

If there really is a completed working tested proven design that is faster , more secure, equally decentralized that bitcoin ?which is it and is there wide consensus from peer reviews and reliable sources?

Seems impossible for ordinary members without years of training to correctly assess new designs.

The highest level math and coder I know at my college personally who originally was excited for dag or delegated pos, nano
Now returned and changed his mind to saying simple pos3 design could be the best balance all things considered with some small tweaks to ensure most robust and capable and reliable nodes.

He is now looking at what he called accounts based design but I lost the rest of his message to understand what project this is. It might be blacknet. Since he was looking at that I know. Or it could be something else entirely. That dev was first to upgrade original pos.

As you say perhaps I should have put my post as a question not statement.

Updates

new Blockchains with performance below 1000 TPS are placed on a separate tab Below 1000 TPS. Ardor (ARDR), Komodo (KMD) and Waves (WAVES) were moved there.

Refined indicators for some coins. Bug Fix - Nem(XEM) confirmation time. The block time is 1 minute. So the average confirmation time is 30 seconds.

DigiByte (DGB), Fantom (FTM), Futurepia (PIA), GoChain (GO) and Seele (SEELE) - remain under consideration. I'm still studying.

I added link to something, that looks like always running loadtest. I do not know what is under the hood, I have not seen. And yes, if you talk about founder, its "Russian". Generally, there is five projects in this list you can call Russian. It's Credits, MetaHash, Universa, Tera and Waves. And there is one common problems with this projects, except Tera - getting information and numbers is very difficult, marketing usually is "borderline scammy" due to the low qualification of marketers. But if we talk about software, in most cases it's good coded. In my opinion Universa is original and fast. Waves is slower, but more secure. Waves Enterprise, according to the developers, is a fundamentally different platform and much faster, but, unfortunately, is the only, that uses Russian FSB licensed cryptography. "Russian" blockchain projects are quite competitive. And the noted problems are inherent in many Asian projects, and some Western ones as well. In addition, most Russian projects try to attract as many foreign partners and advisers as possible, just to meet the requirements of the industry. In this regard, I consider it incorrect to divide blockchain projects into Russian, Chinese, American and so on. I personally consider them all international.

Added:
DigiByte (DGB) (https://bitcointalk.org/index.php?topic=408268.0)
Fantom (FTM) (https://fantom.foundation/)
Futurepia (PIA) (https://bitcointalk.org/index.php?topic=5054960.0)
Updated:
Elrond (ERD)
Fleta (FLETA)
MetaHash (MHC)
Steem (STEEM)
Stellar (XLM)
Updated SmartContract Language column.
Question:
Should I move NEO to Below1000TPS page?

Nice list you got there OP, my favorite lightening speed altcoin is Apollo currency and Meta coin, I don't now how they create or built this coins, I noticed Apollo currency using 1.2 seconds to deliver with transaction fee of only 1 APL coin, incredible but Meta coin is another story, it's like Meta coin isn't working on blockchain we all know, you send in a second and it's already in the other wallet address.

Good morning there everyone. I would say that there are not so many solutions with real and practical value, thus I wonder - are you guys following any advanced these days? Cause I have lately discovered Brandtokens and pretty impressed with the concept guys are bringing

Evening there. Value matters a lot and this is a key point for me, while evaluating and choosing the particular solution. And what exactly is Brandtokens coming with?

What I would outline, with the platform you can issue brand loyalty tokens on the public Ethereum Blockchain. Unlike loyalty points, tokens are valued in real-time and can be exchanged and transferred between users. Brands can reward their clients, like with points. Users can redeem tokens for discounts, products, and services. Google guys and have a look at their website to have a better understanding

This from your words sounds exciting, I will have a closer look, thank you