Which Blockchain is the fastest as at today and has less failed transaction

[hatshepsut93]

Bitcoin is the fastest blockchain out there. 1 Bitcoin confirmation is worth hundreds or even thousands of shitcoin confirmations. Ethereum classic got 51% attacked how many times already? With days of transactions being reversed. Fast transaction times are deceptive, because just because the blockchain says your transaction is confirmed, it doesn't mean it's secure, and the faster transaction times are, the less secure each individual confirmation is. This is why many services accept 1 confirmation for Bitcoin, but require dozens of confirmations for altcoins.

[rahmathidayat93]

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.

I am a little less familiar with what you mean by this, whether this can be explained in detail in the section "the more prominent the security, the slower it is" because that sentence makes me a little confused and curious about the meaning.

[masterrex]

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.

The Ultra blockchain claim that they are one of the fastest blockchains in the industry, they are not claiming to be the fastest, but one of the fastest Just like others do even Credits blockchain has also a claim that they are one of the fastest, but the truth they have not yet fully loaded with users thats why their transactions are kinda smooth compare to other existing platforms Ultra blockchain was designed to bring e-commerce to the next level and also to cater the game developers, etc. I hope we can expect something better from these new Blockchain projects.   

[arayde]

Every blockchain without users is fast. We need to calculate speed with right parametrs. Anyway, hight TPS is not enough to be a good project

[RealMalatesta]

Bitcoin is "fastest" in the sense that I am not sure if that much money goes through any other blockchain. If you want to talk about a lot of money going one way or another fastest, bitcoin is still by far the fastest.

You could have a coin that sends few hundred dollars in few seconds, but the reality is bitcoin could send few million dollars under 30 minutes and no other place can do that, not only they can't do that but they don't have that much attention neither, money doesn't change places there at all. So, that means bitcoin is still fastest with less failed transactions and the most secure one all at the same time. However if you want to deal with very low numbers, you could pick eth or even litecoin because they are cheaper and faster for low amounts.

[akram143]

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.

What do you mean by the failed transaction? Once the transactions are initiated then there is no way to cancel it and it may cancel it by themselves if it stuck for months.There are instant coins also available here but nothing is best compared to bitcoin until now from the investor's point of view.

[BayAngelo]

i WILL pick tron because it is fast and the cheapest but talking about secured transaction and quality platform, i will go with SOLANA. Solana is the best and latest platform with layer 2 security and seamless platform especially for trading platforms. fees are also cheap just like TRON.

[bobyhodob]

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.

What do you mean by the failed transaction? Once the transactions are initiated then there is no way to cancel it and it may cancel it by themselves if it stuck for months.There are instant coins also available here but nothing is best compared to bitcoin until now from the investor's point of view.

in cryptocurrency if there can be a failure of a transaction when the shipping fee is made very cheap and far below the average cost given, it is likely that it will fail to send and will end up spending only transaction fees, it's better to use it once to make a withdrawal with use gas so average delivery will be very fast.

[deathcode]

Transactions can be said to have failed when the transaction is initiated and the gas fees assigned to it is not sufficient enough to scale through considering the cost of transaction as at that particular time, it may be said to have had another priority transaction and that is what makes it concentrate on other transactions than that which has lesser fees.

when the network gets denser, what happens is an increase in gas fees to speed up transactions. almost all blockchain networks are like that. but I think TRON has a fairly stable transaction speed. it all also depends on where and where the transaction was carried out. sometimes when we make a withdrawal or delivery on a platform it can be a slower confirmation depending on how the platform itself works.

[Radio-Active]

I have never heard about ULTRA until now from this thread.
Why should we use new blockchain when other trusted blockchains are exist ?
One of the existing blockchain which has fast transaction speed is EOS blockchain, have you try it ?

[Princejebs]

Choosing fastest blockchain is never enough, it should be accompany by less fee, ability to scale and block confirmation.
If you check, there are many projects that are working to improve on pre-existing projects in other to patch the previous problems and improve their standards. (one old example is litecoin from bitcoin).
Ripple and xlm has being my favorite with their own blockchain, they take 3-5 seconds for their transactions confirmation but if dig more, there are more blockchain beyond the ones I mentioned, whichever you choose, they should serve thousands of transactions in seconds.