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Author Topic: Which Blockchain is the fastest as at today and has less failed transaction  (Read 225 times)
jerrison (OP)
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September 24, 2020, 11:24:30 AM
 #1

I heard of a Blockchain project by the name of ULTRA, you can lookup on ultra.io. it happens to have almost nil failed transaction  and so far happens to the very first i have seen with such potentials. Please share more lights on any if you have.

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September 24, 2020, 11:36:26 AM
 #2

I heard of a Blockchain project by the name of ULTRA, you can lookup on ultra.io. it happens to have almost nil failed transaction  and so far happens to the very first i have seen with such potentials. Please share more lights on any if you have.
Being fastest is not always best, unless it is secured as well. There is a trade off between the two. If cost of transaction is also considered, Litecoin, IMHO, is standing at the perfect position.

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September 24, 2020, 11:37:27 AM
 #3

TRON is my first pick but I will also try to mention more legit platforms with very good scalability like binance chain, dot chain, chainlink and many more. Basically,

Ultra didn't have a lot of users and if you are seeing it has less failed tx and it's still nothing compared those platforms like tron which has very small failed txs but it has a very big users.

I think that you must also consider from the total users in the platform to determine that.

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September 24, 2020, 11:48:49 AM
 #4

I have not heard about ultra blockchain, so if it is new you need to be careful. If you are looking for faster and cheaper transactions all blockchains serve the same purpose, it is just that ethereum is congested at the moment and btc has smaller capacity but basically they are also designed for that and with upgrades they will improve as well.

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September 24, 2020, 12:16:09 PM
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 #5

I heard of a Blockchain project by the name of ULTRA, you can lookup on ultra.io. it happens to have almost nil failed transaction  and so far happens to the very first i have seen with such potentials. Please share more lights on any if you have.

Is this the ULTRA you mean? https://etherscan.io/token/0xd13c7342e1ef687c5ad21b27c2b65d772cab5c8c
they are ERC20 based tokens which means using the ethereum blockchain.

You can't just consider that failed transactions are caused by internal factors (blockchain technical glitches). Sender error can also affect this such as setting the gas too low, as well as the transfer quantity (if the transfer amount is below say 1000 tx, there may not be failed transactions yet).
Maybe you can compare the transaction speed of several blockchains, but failed transactions will inevitably occur sometime due to sender error.

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September 24, 2020, 12:35:06 PM
 #6

I heard of a Blockchain project by the name of ULTRA, you can lookup on ultra.io. it happens to have almost nil failed transaction  and so far happens to the very first i have seen with such potentials. Please share more lights on any if you have.

Is this the ULTRA you mean? https://etherscan.io/token/0xd13c7342e1ef687c5ad21b27c2b65d772cab5c8c
they are ERC20 based tokens which means using the ethereum blockchain.

You can't just consider that failed transactions are caused by internal factors (blockchain technical glitches). Sender error can also affect this such as setting the gas too low, as well as the transfer quantity (if the transfer amount is below say 1000 tx, there may not be failed transactions yet).
Maybe you can compare the transaction speed of several blockchains, but failed transactions will inevitably occur sometime due to sender error.

Its the same project. I wonder how it exists on the ethereum projects and still keeps record of the nil failed transaction in this era where the ethereum gas fees is up to the roof top. I am yet to conclude on which to pick amongst fastest blockchain, eithere EOS or TRON. Although, i am not aware of the stress test result of TRON but I know EOS is still fast and cheap too

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September 24, 2020, 12:39:30 PM
 #7

I heard of a Blockchain project by the name of ULTRA, you can lookup on ultra.io. it happens to have almost nil failed transaction  and so far happens to the very first i have seen with such potentials. Please share more lights on any if you have.
Being fastest is not always best, unless it is secured as well. There is a trade off between the two. If cost of transaction is also considered, Litecoin, IMHO, is standing at the perfect position.

Just to be sure and also educational purposes, do you consider Litecoin to be the most secure blockchain and also fastest in a close comparison to EOS and I also think blocktivity.info has a different view if you care to check the blockchain with the highest transactions.

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September 24, 2020, 12:46:57 PM
 #8

I heard of a Blockchain project by the name of ULTRA, you can lookup on ultra.io. it happens to have almost nil failed transaction  and so far happens to the very first i have seen with such potentials. Please share more lights on any if you have.
Being fastest is not always best, unless it is secured as well. There is a trade off between the two. If cost of transaction is also considered, Litecoin, IMHO, is standing at the perfect position.

i agree, Litecoin has low fees, fast transactions, and it's standing coin for years.

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September 24, 2020, 12:52:09 PM
 #9

I heard of a Blockchain project by the name of ULTRA, you can lookup on ultra.io. it happens to have almost nil failed transaction  and so far happens to the very first i have seen with such potentials. Please share more lights on any if you have.
Being fastest is not always best, unless it is secured as well. There is a trade off between the two. If cost of transaction is also considered, Litecoin, IMHO, is standing at the perfect position.

i agree, Litecoin has low fees, fast transactions, and it's standing coin for years.
That's the advantage of an old coins but if you look at the new blockchain system which offers the same services, I think its good to give them a chance to showcase their system and if you think it wont work for you, then go back to the old one.

Well, the situation right now with regards to a fast trasanctions and the fees, for sure investor are looking for alternatives and if that site OP is great and secured, then investors will come on your way better also to have a good marketing strategy for this.

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September 24, 2020, 09:53:12 PM
 #10

First with potential? how many of these projects were like that and has been said to be the first? I don't believe with such words anymore, too many projects were described like that.
I haven't taken a look at the project but maybe, let's give it the benefit of the doubt, and probably there's really something in it.



 

 

 

 

 

 


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September 24, 2020, 11:26:32 PM
 #11

I heard of a Blockchain project by the name of ULTRA, you can lookup on ultra.io. it happens to have almost nil failed transaction  and so far happens to the very first i have seen with such potentials. Please share more lights on any if you have.
Could you give us more information about ULTRA blockchain? I believe one blockchain can't handle all of our transaction demands. Transaction cost is also a valuable part. Ripple and Binance chain is known as the fastest transaction speed per second but some new blockchain can make over 10k per second.

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September 25, 2020, 03:22:43 AM
 #12


Could you give us more information about ULTRA blockchain? I believe one blockchain can't handle all of our transaction demands. Transaction cost is also a valuable part. Ripple and Binance chain is known as the fastest transaction speed per second but some new blockchain can make over 10k per second.
is not it better if you are reading some post above you? it's clearly said that the ultra coin is not using its own blockchain and it's still pegged with the ethereum blockchain.
There was no a lot of traffic happened in the ultra smartcontract and the intention of the smartcontract to be called by the senders are not often.

This will reduce the total tx that happened with the smartcontract and the chance for the failed txs to be happened will be less compared with another assets.

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September 25, 2020, 04:00:45 AM
 #13

Is this the ULTRA you mean? https://etherscan.io/token/0xd13c7342e1ef687c5ad21b27c2b65d772cab5c8c
they are ERC20 based tokens which means using the ethereum blockchain.
still keeps record of the nil failed transaction in this era where the ethereum gas fees is up to the roof top.
[/quote]
So it is just another useless token, and it tries to show itself and was a project with a distinct idea.
Most of the altcoins have not been tested because most of the blocks are empty, so we cannot guarantee an immortal unless they are tested.
I do not recommend investing in these coins based on news headlines such as faster, more efficient, amaze and so on. Look for the code and make sure of everything yourself.
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September 25, 2020, 04:12:18 AM
 #14

Fast, it seems everyone want to have anything is done as fast as possible. My topics can help you.

Comparative table on fees among some coins. Pick up one for your need.
ETH/ERC20 - Check and select good Gas price

But at the same time, things should be done safely and risk such as Replay attack should be considered.

You can visit coinmarketcap.com and get list of top coins. Among them, I would like to use Litecoin, Ripple for my transations. Months ago, I used Ethereum but now it is not a good one because of high fee from DeFi project hype.

The site https://www.crypto51.app/ gives you estimate on cost of 1 hour replay attacks. You should not choose altcoins with too low estimate cost of replay attacks because the risks of such attacks are higher and you might get troubles. Ethereum Classic (ETC) had replay attacks recent weeks and you can see the estimate cost is less than $3800 for one hour attack today.

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September 25, 2020, 10:04:23 AM
 #15

I would say that PolkaDOT or Quarkchain could process more transactions for less fees than Ethereum network, but the question is if with the same security as Ethereum.Both projects are relaitvely new and untested, so if you don´t mind much about security, you can use these two networks. Or wait for Ethereum 2.0 with the sharding technology and everything should be better.

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September 25, 2020, 12:26:09 PM
 #16

I heard of a Blockchain project by the name of ULTRA, you can lookup on ultra.io. it happens to have almost nil failed transaction  and so far happens to the very first i have seen with such potentials. Please share more lights on any if you have.
Being fastest is not always best, unless it is secured as well. There is a trade off between the two. If cost of transaction is also considered, Litecoin, IMHO, is standing at the perfect position.

i agree, Litecoin has low fees, fast transactions, and it's standing coin for years.
That's the advantage of an old coins but if you look at the new blockchain system which offers the same services, I think its good to give them a chance to showcase their system and if you think it wont work for you, then go back to the old one.

Well, the situation right now with regards to a fast trasanctions and the fees, for sure investor are looking for alternatives and if that site OP is great and secured, then investors will come on your way better also to have a good marketing strategy for this.

Since 2016, I have been looking at blockchains that coem up with solutions that solve problems associated with scalability. Its not to start a project at first and then when the project gets into the space and gets to its design capacity and gets overwhelmed then it is said to be having challenges and needs upgrade. I appreciate EOS a whole lot but I want to know who has researched and has an update on a record breaking project.

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September 25, 2020, 01:28:27 PM
 #17

For me it's Ripple it is known as one of the fastest and secure blockchains.  It can also handle an average of 1,700 TPS. And not only fast but also less fees in transactions. Next for me would be TRON or could be EOS. Not to mention I have heard about ULTRA too they said it's the fastest but haven't tried it yet.
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September 25, 2020, 01:33:45 PM
 #18

Ordinarily, the run the show of thumb for a blockchain is that the more prominent the security, the slower it is. Then again, in case you need a quick blockchain, you’re getting to have security issues, since everything comes with a taken a toll.
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September 25, 2020, 07:03:29 PM
 #19

I heard of a Blockchain project by the name of ULTRA, you can lookup on ultra.io. it happens to have almost nil failed transaction  and so far happens to the very first i have seen with such potentials. Please share more lights on any if you have.
There are so many Blockchain platforms out there, this Ultra.io is what I’m still seeing for the first time. Just checked it out though, and their main focus is on gaming. I don’t know much about this platform, but when it comes to the Blockchain that companies are making use of the most, this is not even on the top ten list.

It’s not all about being fast, I believe that they are all fast and can as well be improved on, but another important feature is the security, which is very important. And before any company chooses a Blockchain to use, there are lots of things that goes into consideration before they decide what’s best for them.

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September 25, 2020, 11:24:48 PM
 #20

Ultra is the newest blockchain, so to compare with the old blockchain, how the transaction speed and history of failure cannot balance. due to differences in network density. unless there is an intention to specifically test it. try tested with the latest blockchain such as solana, hashgraph. who's the best

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