Bitcoin Forum

Transaction time:

Fantom 1.1 second https://fantom.rocks/
EOS 3 seconds
Ripple 4 seconds
Hedera 5 seconds
Flash 5 seconds
Temtum 12 seconds
Ethereum 3 minutes
Komodo 12 minutes
Bitcoin 2 hours
VISA several days


transactions per second:

Temtum 120000
VISA 26000
Flash 25000
Fantom 20000
Hedera 10000
Komodo 9500
Ripple 1500
EOS 500
Ethereum 15
Bitcoin 7

Hi,
The speed is not all :D

Hi ;)
for mass acceptance, speed is very important, the coin should not be inferior to a Bank card

Lmao the centralized Factom blockchain has the fastest speed, who would have guessed?

Don't take theoretical numbers and testnet figures into consideration dude, they're always under optimal conditions and rarely reflect the truth of the situation.

As far as I'm aware, none of these blockchains (except the centralized Ripple) have demonstrated such high throughput.

Also, even if they're faster, they're nowhere near as secure as BTC and certainly nowhere near as popular, so it doesn't really matter.

You should add the 'aprox' term after the time, because this doesn't mean we will have blocks in bitcoin every 10 minutes. I have seen blocks back to back with 1 minute of difference and i have to wait more than 50minutes in the past for a block. So, that's an estimated time and isn't always like that.

I don't know what do you mean by speed here. Yes, its good to see some altcoins is very quick as compare to Bitcoin but it doesn't mean that they are safe though, just downgrading those altcoin in your list, but the potential of 51% is there.

I will point out to you a good thread here: How many confirmations are equivalent* to 6 Bitcoin confirmations? (https://bitcointalk.org/index.php?topic=5209909.0).

Flashcoin (FLASH): 25000 transactions per second (possible upto 0.1 million transactions per second)
Online since: 2016
.
.
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Market-cap (after 4 years): $3 million

So basically Fantom and all such extreme-high TPS projects are trying to solve a problem that doesn't exist by making the ecosystem centralized. ::)

The task is to surpass the Bank card, and the benefits of decentralization are controversial, anarchy is dangerous, without control people will kill each other

Temtum

120,000 TPS - test it for yourself on the website - fastest mainnet deployed - is it any wonder why nations are signing mou’s with temtum to run their digital currency ?

the big exchanges don't have it, boycott? :)

I can't download Temtum wallet, it's blocked for my country

the price is the same all the time, the emission is free? :)

If coinmarketcap listed everything that doesn't mean we should do same and compare apples with plums. Coins, tokens, whatever you post there are very different. They were issued different they work different they have different use case.

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

Speed is important yes.
But you know what's more important? the users. If that coin has a lot of users then it make sense so they would enjoy the quick transaction time but if they don't have, then that's a false promise.
Some coins that claim to be quicker than everyone else is also somehow centralized.

Bitcoin is also centralized, most of the hashrate is in China, and the Internet is controlled by America

I can't open these links in Russia, I can't download a wallet either, these are big disadvantages, I can use a Visa, a Pantom coin too, but I can't use your coin, so it's not good

+ transaction time of 12 seconds is a lot, it is not suitable for payment in stores, the Pantom has 1.1 seconds https://fantom.rocks

Speed does not matter if they are centralized. The important thing is to achieve those speed without compromising on Blockchain standard.
If Blockchains are rated based on important the standards, many will definitely have a low score.

 You avoid derailing too much and making costly mistakes by sticking to the principle.

That doesn't make Bitcoin centralized. High hashrate in china =/= the Chinese are controlling it. If these mining farms were moved to Europe, would it mean the EU is controlling Bitcoin? It does not, I assure you. This "most hashrate is in China" excuse has been used so many times and without success. I still haven't seen a successful instance of China manipulating Bitcoin in any kind of way.

If a coin has a theoretically higher TPS capacity, it does not mean that:
 1. The coin can really touch that number; and
 2. The coin is gonna be the future Bitcoin.

In fact, we have Litecoin with a ~8x more capacity of TPS than Bitcoin. Soon it's gonna be a decade old and tet Bitcoin is still the king. If TPS was the most important thing, it would've passed Bitcoin in the game long ago. But surprise! It hasn't.

There's more to it than just tx speed. Bitcoin has also been tested for more than a decade and never failed miserably. Hence, BTC is still king.

All this aside, a decentralized cryptocurrency will not make it to the "bank card" use anyway. It's just not gonna happen, let's try to live the reality and not an imaginary scenario.

Bitcoin is growing because newcomers think it is decentralized. China is a very centralized state, if it orders to print another 21 million bitcoins, it will be done in 1 day. They build a 57-storey building in 19 days. https://youtu.be/0dU5crYUYzc



I am not against centralization, I am against secret emission, inequality and racism

If so, where is Fantom now? It's already been two years but most of the people don't even use it.
And bitcoin is really slow, it should have been one of the least used coin but why is it so popular.
Decentralization is a comparative measure and I'm quite sure more number of people around the world holds bitcoin than Fantom.

I have already answered this question, beginners think that bitcoin is decentralized. But the Pantom has a growing trend unlike other coins, the same only BNB




https://a.radikal.ru/a26/2002/20/c0c7436af68d.png (https://radikal.ru)

Wait, what? China can't "print" 21 million BTC. You probably don't understand how Bitcoin works. First of all, the mining power you're talking about coming from China isn't government's. It's spread across China and this doesnt mean they control Bitcoin. And then, you can't just change the supply of a coin because everyone else has to accept the change. And here you go - that's when forks happen.

IOP / Internet of People should be able to proceed over 100.000 transactions per second. It is a light proof-of-stake network with nodes on small devices. It works as "Iota should work", it is secured by a lot of nodes but not 1 big blockchain.

You should read the white paper - temtum has the ability of instant transactions - pre confirmation of txs - it’s suitable for store payments that’s why third world countries are testing it

Also you should research how a visa transaction actual works - they do not confirm a tx in seconds just authorises one so tx confirmation times is kind of irrelevant if a blockchain can do something similar

I have also studied and learned about temtum, This is a good project but I do not understand why your project is not popular and there are too few people know about your project. Also you need to be listed at a much better exchange, coinall is good but it's not enough for your project to rank high.

We are also listed in liquid - more exchanges to come !

We focused more on getting our use case deployed so it has a real use rather than a pure speculative asset

visa works in my country, and Temtum not running, so it's worse than Shitcoin

the government controls the pools, so it can change the BTC in any way by conducting a hard fork

This thread is getting interesting. So far, only temtum joined the discussion. Waiting for others to come so keep going...

https://i.pinimg.com/736x/c5/a5/21/c5a521998c69b1b0163b05bc4f680143--movie-nights-movie-times.jpg

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I used to think a TPS faster than visa or mastercard is necessary if ever crypto will be adopted but realized that it's not the case anymore. There is no need for crypto to exist if that's what will make it adopted. Like some have already said, blockchains with high TPS are centralized somewhere so why would people bother to switch? I mean these traditional payment system with centralized platforms can make their TPS faster at anytime too.

High speed doesn’t always mean centralised- but sadly for most projects without an academic background it does

The requirements we were given for a country backed crypto was not just TPS - it was scalability ( how quickly can this be deployed and can it grow with use) security - obviously they want a financial infrastructure to last 50 plus years and current cryptography is not capable of this - resources - in places like Africa they want to be able to use a currency on their feature phone can and micropayments - can you send 1 cent (this ties in with TPS) but is not exclusive an aims race on TPS

you correctly said that the visa is not instant, the seller does not receive money immediately, so the cryptocurrency is better in any case if it is not inferior in capabilities and works faster. For this reason, the Ministry of Afghanistan and ethereum classic decided to cooperate with Fantom, and Google decided to cooperate with Hedera

Wow, this is great! No wonder so many crypto traders are into the trading of FTM. This is great achievement and i wish the Lightning Network once completed and optimized would be able to conduct trasactions at a higher speed to increase the mass adoption of bitcoin.

Where did you see that Ethereum will be rolling out scalability improvements by July?

I haven't seen any news indicating this....

Are you saying that ETH is moving to proof-of-stake this year? Also, there's no indication that this will boost throughput just yet, it needs to go through several testnet stages first.

Either way, Ethereum bloat is still a problem that needs to be resolved, and I think it's going to take more than a few minor tweaks to overcome this hurdle.

I was hoping to see the likes of Credits Blockchain and smart contract been mentioned in the list. Credits Blockchain and smart contract is a project that promises to have 1 million transaction per seconds upon lunch of its ownblockchain which is almost completed (as at time of this comment). it promises to be faster than EOS and the other like as stated in the above record. you should be on the look out for that project.

blockchains with EVM do not pass more than 500 transactions per second, therefore FTM made two blockchains: Opera for EVM and XAR for 20,000 TPS.
In addition, you can earn on delegating or be a validator if you own a certain number of coins

https://fantomstaker.info/

I think you misunderstood the meaning of centralization. The other coins does have their supply premined and they are the one who holds it. With that example you gave, let's say and agree that most hashrate is in China but that does mean that they have the control to the most supply of bitcoin?
No, they don't. Hashrate is the power to mine bitcoin and that's why there's this difficulty that keeps increasing and that makes it for everyone hard to mine bitcoin.
Whoever controls the internet doesn't even a factor to say that a coin is centralized.

I am not downplaying the speeds of the blockchain highlighted above, but i do feel that no matter the speed.
Once there are so many orders to be processed at the same time, there will definitely be network congestion.

This happens in time when there is a high and low price consecutively within hours.

well indeed the transaction speed of the blockchain technology can not be calculated accurately but usually when making deliveries using blockchain technology you can increase speed by increasing transaction costs.

you need to know that shipping with a small fee may send the potential to arrive in an amount of more than 24 hours.

don't need to spend even a cent on this, just order the pools to change their settings

Why is seele not on your lists of block chain projects? Block chain 5.0 from relictum pro offers a million transactions per second, that's a record breaking achievement

No matter how fastest those blockchains was, For me, it's useless if the community is not supporting it, as your thread mention, Factom is the fastest blockchain if that is true I'm sure many potential developers are starting to consider the Factom blockchain, By the way, the Credits Blockchain was also claiming that title about its unmatched speed why it's not included in your thread? btw just saying!

thats insane to wait over 24 hrs but there are people that like to put lower fees upon sending a transaction   . its basically thier fault so it doesnt makes sense to complain   . we cant calculate accurately the speed yes because there are factors that varies too like if the network is in heavily traffic due to spamming of low fee transactions  . that happens before and people was like wtf ? who is doing it  . still thanks for the op for putting a break down lists of the blockchain speeds  . this makes us aware if what coins to use next if we are in a hurry   .

Fantom and Factom are different coins!

Relictum is a project that is still conducting an ICO, the number of 1 million transactions per second is just a number, it makes no sense. I have seen the project claim 10 million transactions per second and now it has become a fraud project.

Good technology is a very slippery topic, there is a better technology in Burst coin, mining on hard drives, eco-friendly, but good things is not necessary for the governmens, it is the enemy of the system. But Fantom is on the contrary what need, the fastest coin. Bitcoin is also profitable, it is a good buyer of energy resources, but it is not suitable for payment in stores

Supercharge
Put Fantom's Opera Mainnet to the test, 5 transactions per click; still confirmed at lightning speed.

https://fantom.rocks/supercharge/

This is really good and yes speed matter mostly for mass adoption but all these make me to wonder why they are still finding it hard to beat Bitcoin or even Ethereum. I remembered Quarkchain also promised high speed, we even heard of blockchain 3.0 and so on and yet it seems they are a shadow of themselves. I think the problem is, they are focusing more on how to beat another coin instead of focusing more on how to improve on what they have so they can stand a better chance in the future. Another problem is, most of these projects don't plan for long term growth, improvement or upgrades, once they have gotten the attention of the public they tend to relax and once that lack of zeal is found wanting the investors will start taking their leave.

in my opinion the speed of the transactions is never the same the blocks are not found at regular intervals, for pitcoins the more you pay the faster the transaction, let's say that the average of the transactions must be fast enough to be able to compete with the traditional payment systems...

Anything transfered over the Lightning Network will see near instant transactions. Speed is pretty important for major adoption, whether you like it or not.

Stakenet's multi currency wallet has Lightning swaps, and a Lightning DEX, enhanching the user experience of BTC and LTC altogether, as everyone will now be able to store send/recieve, and trade instantly.

Here's a preview:

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

I see that Temtum has very good results in its development. The potential of this coin is simply huge, but I do not understand why they are still not popular in the market. they are not doing strong marketing and are they are not traded on large exchanges. It is very strange

Just would like to add one project's name to transaction speed. MultiVAC, due to its all dimensional sharding technique, achieving 30784 TPS.
It's mainnet will be released in Q2 2020.

I do not see any positive thing on high speed blockchains, it is against the nature of blockchains. You can't be decentralized and provide same TPS like centralized solutions - Visa, MasterCard.

Because they are focused on adoption rather than marketing - the team are currently in Angullia signing the country to be the first to use tem as their national currency - press release will happen in a few weeks - check out the telegram for more information of Richards meetings with the president

You can - educate yourself and do some research

The speed and transactions per second number can change dramatically if the project evolves and gain more users. And speed is not the main factor here if we are talking about the technology.

Transaction Speed is significant yes.

Be that as it may, you know what's progressively significant? the users. On the off chance that that coin has a great deal of users, at that point it bode well so they would appreciate the fast transaction time however on the off chance that they don't have, at that point that is a bogus guarantee.

A few coins that guarantee to be faster than every other person is likewise by one way or another incorporate

Speed is highly needed quite alright but there is something more important as well which is utility of the platform's coin. This is why, even though there are blockchains with higher speed than others, they still tend to be behind those with lower speed, why? Users have seen reasons to use more of those offering something good, something more than just speed. Nevertheless, am not saying that platforms or blockchains with higher speed but still behind or coming up shouldn't be given attention but I'm of the opinion that the team should endeavour to make sure their coins offers more utilities and so on.

Speed is pretty irrelevant when you can send unlimited transactions/s using the Lightning Network. Do some research on what Stakenet is doing, and you'll find that they are the leading developers on Lightning compatible dApp developments.

Their multi currency wallet will host all the major Lightning supported currencies such as: BTC, LTC, XSN, DCR, and many more.

As Stakenet's masternodes hosts the Lightning nodes, you can benefit from a decentralized setup like no other.

Here's a short presentation video of the project itself:
https://www.youtube.com/watch?v=sXj3_qKSUBk

The speed of a blockchain has no meaning if the chain is not being used for anything with some sort of value.

The scalability for a blockchain will be important only when it reaches its capacity.

I think that these TPS battles are no more interesting. If you would like to use immediate transfers, you can use Lightning Network, there are some apps into your mobile phone that support BTC LN and by scanning qr codes you are able to send bitcoins to another person almost immediately.   ;)

The problem is if the others must have used the LN node too. I would say that if i quite agree with you if TPS battles are not relevant again consider we have already moved to the new era that the usability is much more important than TPS.
I think the majority of blockchain is capable enough to sending the transaction for fast.