Transactions Per Second (TPS) is a commonly used term in cryptocurrency. It is defined as the number of transactions completed per second by an information system.
It’s used to determine how fast a platform or network is in executing transactions. The higher the number of transactions per second, the faster transactions will be executed, validated and confirmed on the same platform.
This is a vastly important role on an exchange platform and can often play a significant role in the usability of the platform itself. So, smart trading platform founders and their teams are working on increasing their TPS, eliminating scalability issues and increasing their capacity to handle huge transaction volumes, whilst maintaining high TPS value.
I was getting into a debate with people trading on centralized exchange platforms (
www.bitmex.com ,
www.binance.com ,
www.bitfinex.com ). They said decentralized exchanges won't infringe on their market share because they will never be able to handle the TPS that centralized exchanges can.
Decentralized trading platforms are coming up with pretty fast information system,
www.bbod.io trading platform has a custom trading engine which was designed to be scalable and to ensure that orders are executed in real time. It can handle upwards of 1,250,000 messages per second with latency of less than 25 microseconds. The trading engine was built on one of the first ultra-low latency platforms that utilized leading-edge Java techniques to reduce legacy constraints. This enabled it to operate based on open source technology, resulting in much lower running costs. Even in some of the most volatile global markets, this technology has proven to be robust, reliable and stable.
