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Author Topic: 5 fastest crypto coins  (Read 1673 times)
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November 22, 2020, 08:00:03 AM
 #81

I though eos network is also fast. BTW, this is a good discussion among the fast network of crypto. ETH is acceptable in my opinion and I had been observing it that the ETH network even if there transactions being made but it is manageable by the network. Other than that I believe is EOS and XRP network. Both of these crypto are fast. Other fast crytpo I think would be those unknown coins which has only few transaction recorded or made in a certain period of time but we do not like most of those coins and are considered by others as worthless or shitcoins.

I agree with EOS and XRP as I have been using them lately. Aside from the faster network they have, they have very cheap transfer fees and can be found in most top exchanges. This is their advantage, as they can be found in most medium-big exchanges, you will have no problem looking for their trading pair. If I may add also, doge is in my list.
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November 22, 2020, 08:08:39 AM
 #82

It seems the selection was based on transaction speed for ranking and coin category. They are also good especially ETH which I have personally being following up.
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November 22, 2020, 05:09:59 PM
 #83

I personally agree with EOS and XRP, but what I disguise 2ith EOS is their demand for gas, telling me insufficient resources and cpu not sufficient. That's how my eos got stack in my wallet

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November 22, 2020, 06:43:25 PM
 #84

But I prefer BNB, NANO and TRX to be in your top five. But maybe everyone's taste is different, although from their fastest test data there will definitely be some people who don't like using it and have the fastest and most comfortable version of the coin to use.
I do not usually need instant confirmations but I do not want to wait hours either so my choice is either ETH or LTC but because the former being expensive now I usually try and make most of my transactions in LTC and the price isn't doing any harms either.

I have used coins like XRP, TRX, DOGE so I know there are better and faster coins but I still prefer LTC for now and the problem also is that not all the websites accept these new coins like if I am shopping at bitrefill I cannot spend TRX or XRP while LTC is accepted so it also depends on the merchant I am spending my coins at because no matter how fast a coin is, it has to get accepted on some merchants for us to spend.

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November 24, 2020, 01:58:37 AM
 #85

I agree with EOS and XRP as I have been using them lately. Aside from the faster network they have, they have very cheap transfer fees and can be found in most top exchanges. This is their advantage, as they can be found in most medium-big exchanges, you will have no problem looking for their trading pair. If I may add also, doge is in my list.

Both XRP and EOS are extremely fast because of their centralized network design. You'd either sacrifice decentralization for speed and low costs or all the other way around. There's no way to obtain complete decentralization while achieving unparalleled speeds and dirt cheap fees at the same time. Basically, any cryptocurrency with low mainstream adoption will have faster speeds and lower fees than traditional cryptocurrencies such as Bitcoin and Ethereum. It all depends on current network load at the time the transaction is placed on the Blockchain.

For those on the hunt for the fastest cryptocurrencies in the world today, I'd recommend DAG-based cryptocurrencies such as NANO, IOTA, Constellation, and Hedera Hashgraph. They're even faster than XRP or Stellar, as transactions confirm almost instantaneously. Most of the aforementioned DAG-based cryptocurrencies have no fees, making them extremely cost-effective for the end user. The main issue though, is security. IOTA was a victim of network halts some time ago. Until DAG-based cryptocurrencies become resilient and robust enough for serious use, it's recommended to only use them for micropayments. For large transactions, Bitcoin proves to be the winner. In the end, it's all a matter of a person's tastes/preferences over one type of cryptocurrency to the other. The hunt for the fastest cryptocurrency in the world may never end as Blockchain networks improve over time. As long as you choose coins with active development and innovation, you can remain confident that your investment will last forever. Just my thoughts Grin

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November 24, 2020, 02:06:36 AM
 #86

Monero
Monero XMR is one of the popular privacy-centered cryptocurrencies. The project is fully community-driven and focuses on decentralization and financial freedom. XMR transactions are quite fast – just like Dash, it takes around 2 minutes to get a confirmation.
Dash
Dash is a cryptocurrency that has been around for a while. The average transaction time for a DASH coin is around 2 minutes. Dash has the block size of 2 MB and can process up to 56 transactions per second.
NEO
NEO is a Proof of Stake network that processes transactions at a pace of around 1000tx/sec. It takes about 15 seconds to get your transaction to confirm – due to this, NEO was dubbed as “Ethereum killer” by the community members.
Ethereum
Ethereum network, despite the issues of scalability and certain delays with network congestion, takes about 14 to 17 seconds for the transactions to go through. Ethereum blocks handle about 12 transactions per second.
Litecoin
Litecoin is one of the oldest cryptocurrencies existing as an alternative to Bitcoin. The main point of LTC creation was to speed up the transaction process. Block generation usually takes no longer than 2 minutes and 30 seconds.

https://swapzone.io/learn/how-to-exchange-crypto-fast/

My choice is TRX and ETH it's best tokens day by day price will be increased altime this token price is high compared in other token my personal opinion is TRX and eth fast growing
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November 24, 2020, 02:38:16 AM
Last edit: November 24, 2020, 03:14:55 AM by FinneysTrueVision
 #87

There is no definitive way to measure speed. There is transactions per second and there is confirmation speed. ETH might be considered fast but it can't handle nearly as many transactions per second as Tron. It can also get congested which will increase the time it takes to get confirmed if you don't use a high enough fee.

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November 24, 2020, 02:52:49 AM
 #88

Tron blockchain is faster than others blockchain, Tron transaction cost is also low. Binance coins are also fast and low cost. A new coin can confirm the transaction faster. Actually we need blockchain transaction fast because if we can tolerate Bitcoin transaction time and cost, then we can accept any time to complete transaction.
Now there are so many altcoins that have transaction speeds and low fees, this is because of the Lightning Network technology, one of the altcoins that use the Lightning Network is Litecoin.
As for Tron, I am not too interested, maybe because Justin Sun did too much Fomo, so to this day I am not really interested in Tron.
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November 24, 2020, 01:30:11 PM
 #89

Monero
Monero XMR is one of the popular privacy-centered cryptocurrencies. The project is fully community-driven and focuses on decentralization and financial freedom. XMR transactions are quite fast – just like Dash, it takes around 2 minutes to get a confirmation.
Dash
Dash is a cryptocurrency that has been around for a while. The average transaction time for a DASH coin is around 2 minutes. Dash has the block size of 2 MB and can process up to 56 transactions per second.
NEO
NEO is a Proof of Stake network that processes transactions at a pace of around 1000tx/sec. It takes about 15 seconds to get your transaction to confirm – due to this, NEO was dubbed as “Ethereum killer” by the community members.
Ethereum
Ethereum network, despite the issues of scalability and certain delays with network congestion, takes about 14 to 17 seconds for the transactions to go through. Ethereum blocks handle about 12 transactions per second.
Litecoin
Litecoin is one of the oldest cryptocurrencies existing as an alternative to Bitcoin. The main point of LTC creation was to speed up the transaction process. Block generation usually takes no longer than 2 minutes and 30 seconds.

https://swapzone.io/learn/how-to-exchange-crypto-fast/


Lite coin and dash is the best altcoin for transaction. The comunity also very good. Those coin will never die as long as crypto is still a live. Lite coin is the second coin created in the crypto world. And dash was the dark coin 2.0 and the first stake coin created. Monero was good for the anonymouse feature but it is also very hard to use for average people ( this is what makes monero hard to grow )

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November 24, 2020, 03:11:01 PM
 #90

There are numerous coins that are a lot quicker however are not as mainstream. For instance, Nano is a lot quicker and costs no exchange charges except for they are not as famous as bitcoin and Ethereum. Eth 2.0 introductory stage dispatching in November we have high expectations that the limit of Ethereum organization will develop enormously and we will at last observe a lot quicker and less expensive exchanges
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November 26, 2020, 05:43:02 PM
 #91

~snip

Transaction speed depends on fee. If the custom fee is low, the transaction confirmation process is also slow. If the custom fee is high, the transaction confirmation process is also very fast. Dogecoin, Tron, BNB are also coins with a very fast confirmation process.

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November 29, 2020, 04:17:42 PM
 #92

I think J could be a good coin if he had good support. I am talking about bitcoingold which was going well at one time but now there is no improvement. But Bitcoin and Eth have always been good and bitcoin and ETH play an important role here. Bitcoingold now seems to be no longer good for cost.

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November 29, 2020, 04:50:59 PM
 #93

There is no definitive way to measure speed. There is transactions per second and there is confirmation speed. ETH might be considered fast but it can't handle nearly as many transactions per second as Tron. It can also get congested which will increase the time it takes to get confirmed if you don't use a high enough fee.
If you consider ETH to be an altcoin that has speed in transactions, I think you are wrong because there are other altcoins that are faster in making transactions, for example ripple, when compared to ethereum, ripple has a better speed than ethereum because ripple has much more unique characteristics because its existence only focuses on payment industri namely for international payments transfer instruments and since its establishment, ripple is only devoted to the issues of the financial industry, ripple has the privilege of having a much faster transaction time than ethereum and other altcoins for one transaction internationally, ripple only takes a few seconds to complete.

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November 29, 2020, 05:43:02 PM
 #94

Thank you for your sharing,you've done a great job. I just had traded NEO,Ethereum,LTC this three crypto coins,Monero and Dash just have heard,never hold before.

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November 30, 2020, 05:12:15 PM
 #95

In my point of view, the fastest Cryptocurrencies are EOS, XRP, XML ETC. Because EOS Transaction processes at 1.5 seconds and network capacity has 3000. On the other side, XRP Transactions speed of 1500 per second. XML is similar to XRP.

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November 30, 2020, 05:17:13 PM
 #96

...
Of the 5 crypto coins that you mentioned, Dash is the fastest IMO...

Monero
Dash
NEO
Ethereum
Litecoin
I'd say BCH can be added in this list, since transaction time is not that big, its just most of services require a lot of confirmations to fully enroll funds
agree, it is not wrong to put BCH on the list because the processing of BCH transactions is very fast. other than that BCH fees are very cheap, BCH is almost perfect IMO.



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December 01, 2020, 05:29:05 PM
 #97

Now there are so many altcoins that have transaction speeds and low fees, this is because of the Lightning Network technology, one of the altcoins that use the Lightning Network is Litecoin.
As for Tron, I am not too interested, maybe because Justin Sun did too much Fomo, so to this day I am not really interested in Tron.

Not every altcoin makes use of the Lightning Network. There are many altcoins which have on-chain scalability via various means (like raising the block size, or changing its consensus algorithm). What matters is decentralization on top of everything else. While Bitcoin is often slow and expensive to use at times, it's the most decentralized cryptocurrency on the planet. Altcoins have lesser fees and faster speeds, but their level of security/reliability is not as good as Bitcoin's. It's no wonder why many people still support Bitcoin above many other altcoins on the market today.

As I've said before, the fastest cryptocurrencies are those which make use of a DAG (Directed Acrylic Graph). Coins like Constellation, Hedera Hashgraph, NANO, and IOTA are considered to be the fastest cryptocurrencies in the world today. XRP and Stellar are also fast, as well as, DPoS-based cryptocurrencies like TRON, ARK, and EOS. But these last ones aren't comparable as their DAG-based counterparts. I believe that DAG-based cryptocurrencies will be heavily used in the mainstream world for micropayments, while traditional cryptocurrencies like Bitcoin and Ethereum will be used as a sort of long-term investment (mainly a store of value). People will have the choice to select from one crypto to another when making cross-border payments in the mainstream world. That's the beauty of the decentralized and open source nature of crypto. Time will tell us whenever fast cryptocurrencies (like the ones previously mentioned here), will outmatch VISA and MasterCard's TPS or not. Everything will depend on how far developers are willing to go in terms of scaling Blockchain technology towards new heights. Just my thoughts Grin

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December 01, 2020, 07:00:26 PM
 #98

If you mean the speed of the transaction I think it is not quite accurate, there are many coins that are much faster than the ones you listed a lot.
I can include doge, XLM and TRX, which are very fast and cheap fees, their speed is even faster than ETH.


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December 01, 2020, 07:05:41 PM
 #99

There are cryptocurrencies which are in top 20 coinmarketcap, but there are also a lot of coins, which are lower in tops, but they are much more faster and it`s a pity that many people don`t know about these projects. I mean Avalanche, Elrond Gold and many other projects with an amazing transaction speed

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December 01, 2020, 07:50:14 PM
 #100

There are a lot of coins that are faster but not listed, I can give a few coins with transaction speed in seconds like DOGE, TRX, XLM.
As for ETH at the moment its speed and transaction fees are too great so people avoid using ETH to transfer their funds.


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