Which cryptocurrency is the fastest?

[TriplexXx]

I think Ripple XRP is the fastest cryptocurrency in the market because it was designed for lightning speed and reliability.

[Mr.Noda]

I will tell you that it is impossible to say specifically which blockchain periodically releases updates that speed up the speed of processing transactions of a particular network.

[RandyMagnum]

I have heard about high speed transactions on Credits (CS) blockchain but as i know it's only testnet now with few nodes and real result may differ from tests.

[Abiky]

It's all so subjective. Many networks say that they have the fastest transactions, but because of the weak load, they can not prove it.

Exactly. Any cryptocurrency can be fast if it doesn't have high network load. Depending on the number of people using it for daily transactions, the speed can either increase or decrease, as well as, costs. Bitcoin could've been fast like old times if there wasn't any high network load at all. However, due to the increased adoption of Bitcoin as a cryptocurrency for the mainstream world, speeds have declined, and fees have risen, causing the need for the pioneer cryptocurrency to scale ASAP.

The same thing could happen with other cryptocurrencies since their speed and cost are determined with the current network load. While it's true that there are some consensus algorithms which are much efficient than others, they could become as slow as PoW if they gain high load. These are the facts, however many cryptocurrency projects are simply claiming to be the fastest, to bring a lot of hype from investors and ordinary people.

They would need to prove their speed by performing a series of tests, which anyone could audit. Speaking of this, Credits aims to be one of the fastest cryptocurrencies in existence. Compared with many overhyped cryptocurrencies, Credits has taken the opportunity to prove its claimed speed and security by performing an audit by a well-known company. This shows, that Credits is truly a cryptocurrency that could handle large TPS while delivering low fees and unparalleled security.

Other cryptocurrencies which are fast but haven't been put to the test are: Electroneum (Instant Transactions), and Lightning Bitcoin (LBTC). The last one uses a DPoS consensus algorithm, and it's quite fast compared with most cryptocurrencies out there on the market. However, its network load is low, which means that it's not as widely adopted and used as other popular cryptocurrencies we know and love today.

Nevertheless, time will tell us which cryptocurrency would stand the test of time, to deliver the fastest speeds and lowest costs, while retaining security and decentralization, which is most important. Just my opinion

[swordking]

Ethereum might be the fastest cryptocurrency right now. Bitcoin air will become the fastest cryptocurrency after sometime later it is under development right now. So we have to wait for until their they complete their development.

[thichtieuthuong]

Considering the current situation is happening i think perhaps the ripple is creating the fastest and most stable growth. The percentage of growth of the ripple is huge and worth waiting in the coming time.

[zemper]

As Bitcoin becomes slower each day in transaction confirmation time, other alternatives could prove to become useful for everyday transactions. Cryptocurrencies like Litecoin, Dogecoin, and even Ethereum have faster transaction confirmation time allowing you to send and receive coins at a hassle-free way.

Thus, among the wide variety of altcoins, many have block times which are near instantaneous. Based on these facts, which cryptocurrencies do you consider the fastest?

I would appreciate if you would list it or them here. 

Now there are a lot of projects that aim to set the speed of operations. Some of them, who have a good team, grow strongly in price after entering the stock exchange. Here is one example - QuarkChain

[futurefuturecoins]

In 2018, the emergence of EOS is, in my opinion, the most promising event in crypto. EOS is one of the fastest crypto-conversions. Unlike Ethereum, it is not currently popular. This is a temporary condition. He is fast and pushy.

[cepot9]

lots of fast coins, they have their own advantages from safe and invisible and fast transactions. but I like dogecoin now because besides fast doge it has a cheap enough cost to send a little money and this is amazing

[high110]

There are a lot of fast blockchains. Syscoin, Dogecoin, Ripple, Waves and many others. I am waiting for the developers of ethereum to implement casper technology. This will make ethereum very fast.

[nadyn]

Network transaction leaders are:
Ripple-1,500
Bitcoin Cash - 60
Litecoin -56
Dash - 48
Ethereum - 20
Bitcoin -7.
There is still such a coin XEM, If the developers launch Catapult update, the transfer rate will increase to 3,000 transactions per second.

[mastersay]

I think it is still dash. Because your transfer can be done in it instantly, with just an approximate second you already receive your fund. And if you go beyond the crypto space. Many tokens now are good at sending in a faster way.

[Henisusan]

Judging from the frequency of its speed, bitcoin has a very fast frequency and cannot be defeated by any coin in crypto. From the advantages of bitcoin, bitcoin also has the characteristic that its increase cannot occur frequently, and its increase is difficult to predict. Become a good recommendation to invest, provided you can be patient in facing bitcoin.

[MancyZz]

As far as I know VISA allows up to 1500 transactions per second, XRP allows up to 1000, BCH around 3500. But I heard about Traxion project, this coin is not on the market yet, but they have tested their blockchain and it allows up to 100.000 TPS.

Well, VISA is not a cryptocurrency, BUT a company of plastic cards. Soon Ethereum will compete in terms of transaction speed. New platform coming soon

to profit quickly and pretty much we can use trading. the ability of trading to give us more of the profits shown by the results obtained in more and more markets are increasing. so trading can give us many profit.

[RohitMalhotra123]

Lot of fastest cryptocurrencies are as following:-- Bitcoin, Dogecoin, Litecoin, Ripple, Neo and Dash etc. Both are provide huge potential and it gives huge profit. People also have full faith on it and market is also very strong.

[Abiky]

Network transaction leaders are:
Ripple-1,500
Bitcoin Cash - 60
Litecoin -56
Dash - 48
Ethereum - 20
Bitcoin -7.
There is still such a coin XEM, If the developers launch Catapult update, the transfer rate will increase to 3,000 transactions per second.

Nice observation, mate. Without a doubt, Ripple is by far the fastest cryptocurrency in existence today. This is probably because of its centralized design, compared with most popular cryptocurrencies such as Bitcoin and Ethereum. I would like to add Stellar to the list as it has somewhat the same technology as Ripple (XRP), but with a greater level of decentralization than the latter. Stellar's block times are blazing fast like Ripple, and it has recently implemented smart contract functionality with SSC (Stellar Smart Contracts).

Tokens can be easily launched on the Stellar blockchain, which serves as a greater alternative to Ethereum due to its high TPS and dirt-cheap fees. Several decentralized exchanges have been launched which make use of the Stellar blockchain for quick settlements. As such, it looks the future lies on cryptocurrencies that deliver near-instant speeds at the lowest cost possible.

On the other hand, NEM (XEM) is quite fast too, with smart contact functionality (NEM's API) and plenty of advanced features. Once Catapult release becomes public, then without a doubt, TPS will rise to unprecedented levels. Catapult is somewhat similar to Bitcoin's Lightning Network. This means that NEM and many other cryptocurrencies we know and love today will become highly scalable in the future.

Nonetheless, cryptocurrencies would become even faster if they would provide zero confirmations (0-conf) without compromising security. Bitcoin Cash is already working on that, and if it becomes a success, then transactions would be instant, making it convenient for merchants and businesses alike. Just my opinion

[serejandmyself]

Also I would to mention a big update from Ethereum side. Vitalik was talking about network emprovements that will allow to speed up the network to around 1000 tx/s. 2019 will bring nice updates.

[Abiky]

Also I would to mention a big update from Ethereum side. Vitalik was talking about network emprovements that will allow to speed up the network to around 1000 tx/s. 2019 will bring nice updates.

Nice. Without a doubt, Ethereum will scale until it becomes flexible enough for people in the mainstream world. Increasing TPS is key towards the adoption of Ethereum and its tokens among individuals, businesses and corporations alike. The upcoming Casper PoS and Sharding upgrades, will totally rock Ethereum as they drastically change the smart contract platform for the better. Right now, Ethereum might be slow and costly in fees, but everything is bound to change sooner or later.

Once it scales, then it could be compared to other cryptocurrencies which are fast enough for the mainstream world. On the other hand, Tron is a smart contract platform which could greatly rival Ethereum since it's much faster, cheaper, and it's fully compatible with the EVM. This means that existing developers within Ethereum, could migrate their projects easily within the Tron network, without having to learn a new programming language at all.

Therefore, the future lies in not only fast and cheap cryptocurrencies for daily transactions, but also for smart contract platforms that are highly scalable for the mainstream world. In my opinion, the fastest cryptocurrencies right now are: Bitshares, Tron, EOS, Ark, Lisk, Stellar, Ripple, Nano, IOTA, NEO, and even Credits.

[ckorbba]

Also I would to mention a big update from Ethereum side. Vitalik was talking about network emprovements that will allow to speed up the network to around 1000 tx/s. 2019 will bring nice updates.

in any case the update of Constantinople failed the testing. perhaps the ethereum team is implementing everything with good results in January 2019.

[heartthew]

It also does not matter what technologies one or another coins use, because it doesn’t affect the price of a coin because the price is formed from crowd manipulations, look at trends which are now in market