|
Title: king of TPS ? (transactions per second) Post by: frosti7 on January 14, 2021, 12:50:35 PM Is Solana is the quickest TPS ?
If we are going global, we need someting fast, cheap and effecient, state your choice for the mainnet crypto: Solana? Nano speed = 7K TPS Solana speed = 50K TPS Title: Re: king of TPS ? (transactions per second) Post by: WalkerIVIV on January 14, 2021, 01:08:40 PM It's not because i do believe if 50k TPS just self-claimed from the developers. is there a real evidence about it? i suggest you to read this article
https://hackernoon.com/who-scales-it-best-blockchains-tps-analysis-pv39g25mg that proves that if so many platforms were only creating self-claimed if their chain have the best TPS. The real result will be different than their claim. Title: Re: king of TPS ? (transactions per second) Post by: jrrsparkles on January 14, 2021, 01:56:17 PM EOS also claims that they can have efficiency to process 50K transactions per second and another unknow coins to me claims that Futurepia can process 100K transactions per second.While we are yet to test the actual processing speed of those chains due to lacking in demand on those chains.
But TPS is important factor for future? Title: Re: king of TPS ? (transactions per second) Post by: Tytanowy Janusz on January 15, 2021, 08:34:34 AM The higher you go with TPS the lower you go with decentralization and blockchain safety. Decentralized blockchain technologies was never about the speed and comparing them purely in terms of speed is not the best idea.
And as already posted by the previous posters - its just claimed TPS and there are a lot of shticoins that claim to scale to milions TPS. Title: Re: king of TPS ? (transactions per second) Post by: ryzaadit on January 15, 2021, 10:01:35 AM I don't really care about some crypto who claims to have a high TPS.
Even with TRX who only has 2,000 TPS still can receive the coins instantly and already cheap fee, the question will be always. When some new crypto claim can cover with high TPS, did each second they have maybe 50,000 transaction/second? Title: Re: king of TPS ? (transactions per second) Post by: cryptoaddictchie on January 15, 2021, 10:18:26 AM There are also some good tps projects like avax, xrp, trx and eos. I personally watching solana project since they have their own advantage but to be honest even with overtaking tps result than eth or xlm still these big projects are known and being consider as popular in the market. It doesn't mean that those projects on the OP can overthrown those big ones especially on the decentralized and defi space.
Title: Re: king of TPS ? (transactions per second) Post by: plr on January 15, 2021, 11:06:27 AM EOS also claims that they can have efficiency to process 50K transactions per second and another unknow coins to me claims that Futurepia can process 100K transactions per second.While we are yet to test the actual processing speed of those chains due to lacking in demand on those chains. But TPS is important factor for future? I agree the only way to prove that is when it has demand just like Ethereum and Bitcoin we have tested their TPS, if they have claimed but have not proven that it's useless, they should test it show prove, the community are still looking for projects that has a good transaction speed and it is a very important factor to become adopted by the community. Title: Re: king of TPS ? (transactions per second) Post by: disconnectme on January 15, 2021, 11:45:54 AM Solano is a very good tech and people behind it are brilliant people if not for FTX team the project would have lingered in the back ground, the team is back in marketing, just look at what Polkadot team did with their platform many grants for projects to build on their platforms before launching their project but how many people do you know that is working on Solano or looking to migrate to the platform, I can pick any for now.
Title: Re: king of TPS ? (transactions per second) Post by: JeffBrad12 on January 15, 2021, 12:03:45 PM But TPS is important factor for future? Bitcoin and ethereum are not ready to be used for daily transactions. TPS will make people pay small fees and their transaction will be delivered as fast as possible. This is the key when you are aiming for the payment channel system. Title: Re: king of TPS ? (transactions per second) Post by: jrrsparkles on January 15, 2021, 12:07:49 PM But TPS is important factor for future? Bitcoin and ethereum are not ready to be used for daily transactions. TPS will make people pay small fees and their transaction will be delivered as fast as possible. This is the key when you are aiming for the payment channel system. You know most of the projects which said they are better than bitcoin was found no where in 2021. :D Title: Re: king of TPS ? (transactions per second) Post by: IShishkin on January 15, 2021, 01:08:36 PM Is Solana is the quickest TPS ? If we are going global, we need someting fast, cheap and effecient, state your choice for the mainnet crypto: Solana? Nano speed = 7K TPS Solana speed = 50K TPS Is Solana a decentralized network? If yes, then what consensus protocol is used in it? How independent nodes resolve forks? Title: Re: king of TPS ? (transactions per second) Post by: bitcon on January 16, 2021, 08:14:51 PM Certainly TPS, transaction confirmation times are important – especially when it comes to large amounts. But they are not the fundamental criteria of the blockchain. Many cryptocurrencies claim that they have a high TPS, but the stated speed will match its performance only under certain conditions.
Title: Re: king of TPS ? (transactions per second) Post by: btcltcdigger on January 16, 2021, 08:36:35 PM Is Solana is the quickest TPS ? If we are going global, we need someting fast, cheap and effecient, state your choice for the mainnet crypto: Solana? Nano speed = 7K TPS Solana speed = 50K TPS Aspire (ASP & GASP) can do around 400k TPS. Relativly new coin, and there's even an airdrop going on. Just google them a bit. Title: Re: king of TPS ? (transactions per second) Post by: casperBGD on January 16, 2021, 08:45:13 PM Is Solana is the quickest TPS ? If we are going global, we need someting fast, cheap and effecient, state your choice for the mainnet crypto: Solana? Nano speed = 7K TPS Solana speed = 50K TPS Aspire (ASP & GASP) can do around 400k TPS. Relativly new coin, and there's even an airdrop going on. Just google them a bit. could you provide some links to support this airdrop? have done some googling, and did not find anything expect some already finished bounties on their website, which is kind an abandoned place :( does not have to be as seen on first knock, but it does seems that the project is highly over-valued, with over $500 million fully diluted market capitalization at the moment Title: Re: king of TPS ? (transactions per second) Post by: speedforce on January 16, 2021, 08:54:04 PM But TPS is important factor for future? Bitcoin and ethereum are not ready to be used for daily transactions. TPS will make people pay small fees and their transaction will be delivered as fast as possible. This is the key when you are aiming for the payment channel system. I agree, Its really important for small and massive transaction or payment so it can be used for worldwide transaction. I think EOS scalability will answer it in the future, i hope. Title: Re: king of TPS ? (transactions per second) Post by: lobo13hf on January 16, 2021, 11:12:04 PM OP, where are you getting 50k as the maximum TPS can be achieved by solana? i think that's not relevant again consider it was the total TPS that can be achieved by solana when it was still on the testnet with around 50 nodes.
There are so many sources that said the different result Is Solana a decentralized network? Yes it is and solana was using proof of history consensus (PoH)If yes, then what consensus protocol is used in it? Title: Re: king of TPS ? (transactions per second) Post by: bitmover on January 16, 2021, 11:15:47 PM Is Solana is the quickest TPS ? If we are going global, we need someting fast, cheap and effecient, state your choice for the mainnet crypto: Solana? Nano speed = 7K TPS Solana speed = 50K TPS If you don't care for centralization at all, just use Visa. Cryptocurrency is not for you. Visa can make 24,000 TPS, and it is less centralized than any shitcoin. Visa is open to audits, balances, etc. https://cdn.howmuch.net/articles/crypto-transactions-compared-ce3b.jpg https://howmuch.net/articles/crypto-transaction-speeds-compared Bitcoin exists because it is decentralized. TPS is not the central point here. Title: Re: king of TPS ? (transactions per second) Post by: IShishkin on January 17, 2021, 12:38:54 PM Is Solana a decentralized network? Yes it is and solana was using proof of history consensus (PoH)If yes, then what consensus protocol is used in it? Hmm. I thought only "Proof of Noble Blood" consensus could make a network a "king of TPS". Title: Re: king of TPS ? (transactions per second) Post by: Coin_trader on January 18, 2021, 12:40:18 AM It's not because i do believe if 50k TPS just self-claimed from the developers. is there a real evidence about it? i suggest you to read this article https://hackernoon.com/who-scales-it-best-blockchains-tps-analysis-pv39g25mg that proves that if so many platforms were only creating self-claimed if their chain have the best TPS. The real result will be different than their claim. It should be self-proclaimed because the project itself will be the one conduct test though. There is no official company that conducting test on TPS of other project that's why the result will always be self claimed. But there are data available during there testnet to support each project claims on TPS. There recorded TPS is the highest TPS result they get during testnet and it doesn't that its accurate unless they launch mainnet and give a consistent result. Title: Re: king of TPS ? (transactions per second) Post by: Billo_ on January 18, 2021, 02:48:51 AM TPS can be faked easily, it is important to look out for real numbers.
Often projects are faking TPS for marketing purposes but such claimed numbers can be never met in reality. Kevin Sekniqi from Avalanche Labs has explained where projects can cheat in TPS: https://threadreaderapp.com/thread/1156917045608497152.html Quote How to fake your numbers and get to millions of TPS, a short thread. Note, this is not engineering advice 😄 Make transactions as small as possible, down to a single byte. Cram millions of txs into a single block of a few megabytes. Actually, even better: just assume that all transactions are valid, and pass around only a block hash. Run your experiments on the same machine. Turn off any latency simulations as well. Even better, run all your experiments in memory. Turn off persistent storage, and just story your data in the fastest hashmap you can find. Toss LevelDB in the trash. Turn off all signature verification. Even better, turn off all crypto. On second thought, don't even implement your protocol, just simulate the fast path. Batch on the client side. Let the client issue an obfuscated transaction (eg, from an off-chain scaling solution), and call that millions of TPS. Ignore actual decisions-per-second from your validators. Shard your system into millions of partitions, and make sure no transactions cross any of these partitions. Effectively, just assume your system is running multiple parallel networks, and then aggregate all the TPS numbers together. Easily millions. Only record the first few seconds of your implementation, when things are mostly running in memory and haven't touched persistent storage. This way, you can still claim you write to disk. Implement crazy low-level optimizations, and call them algorithmic. Eg, do signature verification on GPUs and highly specialized hardware. Then claim your protocol "scales". What else am I missing? It is quite obvious we should always see real numbers in reality! Title: Re: king of TPS ? (transactions per second) Post by: yazher on January 18, 2021, 03:00:09 AM Is Solana is the quickest TPS ? If we are going global, we need someting fast, cheap and effecient, state your choice for the mainnet crypto: Solana? Nano speed = 7K TPS Solana speed = 50K TPS There are lots of Altcoins who can do this kind of things namely the EOS, XRP, and Tron but none of them has surpassed bitcoin popularity because nothing in this industry is more important than popularity no matter how good your project and what kind of innovation does it do when there's no one in the known people of this industry talk about it, you can consider your project dead soon unless you pay those guys to talk about your project in mainstream media then there could be a slight chance to promote it. Title: Re: king of TPS ? (transactions per second) Post by: lionheart78 on January 18, 2021, 03:26:59 AM The higher you go with TPS the lower you go with decentralization and blockchain safety. Decentralized blockchain technologies was never about the speed and comparing them purely in terms of speed is not the best idea. I don't think that having more TPS can lower decentralization, after all it is on the way how the developer develop their own blockchain, so we can have a highly capable cryptocurrency for transaction while not sacrificing the decentralization or a very sluggish one with centralized nature. And as already posted by the previous posters - its just claimed TPS and there are a lot of shticoins that claim to scale to milions TPS. Indeed, self-claimed shouldn't be considered unless fully tested. Title: Re: king of TPS ? (transactions per second) Post by: asriloni on January 18, 2021, 05:54:48 AM In fact, if the transaction is under 10 seconds, I don't really mind who has the highest tps. I tried to send the BNB and TRX in a short time already received it, so I would ignore the TPS if the delivery was 10 seconds and of course for a smaller fee. That's it. It will be pointless if we are having a lot of scalable platforms. A few platforms are more than enough to give alternative solution for the bitcoin and ethereum that are still having a big problem with its scalability. That's not the actual TPS that can be confirmed by the chain. I remember tron was claiming would be able to process up to a few thousand or more TPS but it can only process 800TPS. Title: Re: king of TPS ? (transactions per second) Post by: Tytanowy Janusz on January 21, 2021, 08:47:00 AM I don't think that having more TPS can lower decentralization, after all it is on the way how the developer develop their own blockchain, so we can have a highly capable cryptocurrency for transaction while not sacrificing the decentralization or a very sluggish one with centralized nature. The thing is that everything in crypto is open source. Means that anyone can copy code from other project and use it in its own. So its not like secrec technology that allow one project to scale while another is still struggling with it. And its not like how well is code writen, that fast will coin go. You are limited by math and various limitations like block size, node count that can interact with each other and many others. The more centralized your project is the fastest and cheapest you can go. For example Dpos is faster than Pos, because you have only few nodes that needs to "talk with each other" to confirm network transactions instead of thousends. And the lower you go with "main nodes" in DPos the faster your blockchain is. |
