Crypto-Currencies Transaction Processing Speed

[waldo2002]

Have you guys heard of a new CryptoCurrency that has a block generation rate of 5 seconds with a tsp of 1million?
They are aiming upto 2 seconds with a tsp of 5m or more.

If this new Cryptocurrency is in the market will there be an interest? and how it will affect the new market

Just an opinion....

[kcgk]

As the first generation cryptocurrency, Bitcoin is currently the most plagued by its slow speed and congestion. costly. Bitcoin has the maximum transfer rate of 7 per second. 7TPS (transfer per second) is the slowest transaction in all cryptocurrencies. The speed of second-generation cryptocurrencies is generally around 20-100, such as NEO and Ethereum. The third generation is usually up to 100-1000 TPS. Nano claims to be 7000 TPS times on Test Net. EOS claims to achieve a million-level trading speed. Of course, these are just claims that they are only implemented in a test environment. EOS is only a thousand levels in the test environment, but it is said that in the future, the vertical and horizontal expansion can reach millions. In the end, it wasn’t until this speed was reached. Everything is not yet known. Raix is the third-generation currency that claims to have the highest actual test speed. The main chain has reached 350 million times in four days and has a speed of 1000tps.

[orkoso]

Have you guys heard of a new CryptoCurrency that has a block generation rate of 5 seconds with a tsp of 1million?
...

I believe you are talking about quarkchain, and I think there is an interest in the market for high throughput networks. The thing is that having a great chain is just the first step, you need to forge the alliances and get the community to use your "coin". That's one of the reasons why an slow stone-age Bitcoin technology, that is voluntarily kept "slow" by the community and the miners, is still dominant in terms of adoption.

[WL082746]

The third generation network should be able to solve the throughput problem? The cryptocurrency you're talking about is the scope of the third generation block chain, right?

[butka]

Bitcoin has the maximum transfer rate of 7 per second. 7TPS (transfer per second) is the slowest transaction in all cryptocurrencies. The speed of second-generation cryptocurrencies is generally around 20-100, such as NEO and Ethereum. The third generation is usually up to 100-1000 TPS. Nano claims to be 7000 TPS times on Test Net. EOS claims to achieve a million-level trading speed.

Nowadays, everybody seems to be concerned about transaction speed (in other words, scaling).

Forgive me, but I don't see a problem related to transaction speed anywhere. Does Nano, at the moment, have to process 7000 transactions per second? Nope.

Does EOS have a congested network? Nope. It doesn't even have a network currently, only a test network.

So why do we have to solve a future problem that isn't likely to appear any time soon?

To paraphrase Andreas Antonopoulos, in order to be able to scale you have to have a scaling problem first.

It is as if during the Dial-up internet people were trying to make the network support live streaming. It would have been impossible.

Only when the time comes, we should be focused on solving the scaling problem. Not ahead of time.

[Bastime]

Have you guys heard of a new CryptoCurrency that has a block generation rate of 5 seconds with a tsp of 1million?
They are aiming upto 2 seconds with a tsp of 5m or more.

If this new Cryptocurrency is in the market will there be an interest? and how it will affect the new market

Just an opinion....

I think DogeCoin is one of the fastest crypto in the market, maybe because they have less transaction of daily volume but DogeCoin is indeed Fast.
I don't think of something else except DogeCoin but I know that there are already crypto and blockchain that is offering that fast of transaction today.

[Bastime]

The third generation network should be able to solve the throughput problem? The cryptocurrency you're talking about is the scope of the third generation block chain, right?

Aside of crypto regulation and attack resistance networks, this transaction speed and scalability is the most issue in crypto market today.
transaction speed is the most advancement for every blockchain network  that will attract more investors and would be the best reason to used as primary cryptocurrency.
although there are already blockchain networks are already offering this speed but it requires proof to handle network stress and evaluate the transaction speed.