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Author Topic: What is the fastest blockchain?  (Read 709 times)
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November 01, 2020, 09:36:34 PM
 #21

Bitcoin is the fastest blockchain, because 1 Bitcoin confirmation has security of hundreds or even thousands of altcoin confirmations. Newbies think that 1 confirmation is enough to be safe, but it's far from truth - in altcoins it doesn't take much resources to undo a few confirmations. Ethereum Classic had seen whole days of transactions undone by attackers multiple times. With Bitcoin this never happened. It's only a matter of time before attacking altcoins will become more and more popular, due to the progress of hardware and attractiveness of doing so caused by price growth.





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November 02, 2020, 02:56:32 AM
 #22

Base on my previous experiences there's a lot of claims that were hanging around and say's that they possessed the fastest blockchain in the industry, But according to TECTUM Blockchain creator "they are the fastest blockchain because they already reach the 1 million TPS" and it is very far from Bitcoin's 4.6 TPS, Ethereum's 15 TPS, Ripple's 1700 TPS and even with EOS 50,000 TPS, if it's true base on that claim Tectum Blockchain, is the fastest.
  
Sources:
https://medium.com/predict/the-worlds-fastest-blockchain-exceeds-1-million-transactions-per-second-8931df09320d
https://tectum.io/
Speed ​​is too high, ridiculously high, I just know that SOLANA, EOS, RIPPLE, STELLAR, LAMDEN are currently the fastest blockchains. I've been on this forum and many Telegram discussion groups talk about cryptocurrencies but have never heard of TECTUM. They may not have launched their product yet, but claiming the world's fastest blockchain is overconfidence. If they did create such a fast blockchain, it would surely change the world economy dramatically.





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November 02, 2020, 03:53:01 AM
 #23

Ethereum does not take 14-17 seconds for txs to go through. I never had an ETH tx be confirmed in less than like 15 minutes.. If we're talking about how quick they're broadcasted to the network, any coin can be considered "the quickest". What truly matters is how fast the txs get confirmed.

A transaction will get into the next block in Ethereum network if you pay a high fee. As Ethereum mining difficult is set to have a blocktime of 13 seconds (average) that is the transaction time in EThereum network.

Bitcoin has a 10 minute blocktime. This a design decision, not a new or old technology.

Small blocktime leads to waste of energy. Miners will mine blocks at the same time (or very close to each other), and only one will be the longest chain.

Overall, when someone talks about "fastest blockchain" they don't know what they are talking about.

If you just want fast transactions and don't give a shit about centralization or anything else, just use Visa. It is faster and safer than most blockchains.

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November 02, 2020, 06:57:54 AM
 #24

I dont know about what is faster.
But When I use tron blockchain.it was very fast.
Bitcoin is also first.
But etherium is slow then them.
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November 02, 2020, 09:14:29 AM
 #25

There are many fast blockchains already and as time goes on, many more will be created. But, however there is something that is of great importance and that is, the working product of that blockchain platform, how does it correlate to the speed of the blockchain? Assuming a blockchain is fast but lacks adequate use case or working product, it won't be long and investors will lose interest in that blockchain platform.
To clarify this, I remembered few years ago, many blockchain platforms then challenged Ethereum, classified it as a slow blockchain and all that, while promising to offer more speed thus having the capability to beat Ethereum. But till date no blockchain has succeeded in doing that, even those that claimed to be faster can't still be compared with Ethereum currently, thus confirming what I said before now, working product matters first, before speed and that's what will keep investors coming.
Nonetheless, the blockchains I know that are fast are Ethereum (although not that fast), Tron, Binance, XLM and so forth.

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November 02, 2020, 09:32:54 AM
 #26

different users of the blockchain business might apply of distinct with standard as following customs with business preference of personal view. than each to work as appealing the use on casuals as expecting to gains as fine of returns with the tasks of examination.

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November 02, 2020, 10:42:07 AM
 #27

In my opinion there is no Blockchain that is not fast except with the disruption of the internet network that you use to operate, but I see that all those who use the Blockchain network are very good and fast to do it without any problems, and I transact using Eos and Tron very quickly when making transactions.
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November 02, 2020, 03:30:27 PM
 #28

The current fastest blockchains that I know of are LAMDEN and SOLANA. These two blockchains both achieved high speeds almost immediately. I have experienced them and found them to be great. They are actually faster than Binance, Tronix, and Stellar in my experience.
Maybe in the future things will change as people use them more. Just like how Ethereum did it before until too many people used it.

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November 02, 2020, 03:43:46 PM
 #29

Base on my previous experiences there's a lot of claims that were hanging around and say's that they possessed the fastest blockchain in the industry, But according to TECTUM Blockchain creator "they are the fastest blockchain because they already reach the 1 million TPS" and it is very far from Bitcoin's 4.6 TPS, Ethereum's 15 TPS, Ripple's 1700 TPS and even with EOS 50,000 TPS, if it's true base on that claim Tectum Blockchain, is the fastest.
  
Sources:
https://medium.com/predict/the-worlds-fastest-blockchain-exceeds-1-million-transactions-per-second-8931df09320d
https://tectum.io/

They don't have supporting documents for this claim. The medium link you provide is an interview to the team member and all word that he said is just his opinion. Even the 1M TPS has no basis at all, The video on the medium is just a graphical representation of how nodes work. They don't have any testnet data available and also they will surely be on major publishing website like coindesk and coinstelegraph.com if they really have what they are claiming. The only source for there claims is just there own written medium blog.

1M TPS is insane. LOL

Exactly
The question is...who has high TPS with decentralized consensus scaled?

There is only one.  Avalanche <AVAX>
Vitalik himself has tweeted about it
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November 02, 2020, 03:46:25 PM
 #30

The fastest blockchain that can transfer your funds within a minute is Dogecoin and Tron. Not only the fast transfer protocol but it has very nominal fees for your transaction even in the Tron network you will get free transaction fees.

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November 02, 2020, 04:14:53 PM
 #31

In my experienced Tron, Litecoin and Ripple are the fastest the confirmation is instant but I like Tron, because of the transaction fee of only 1 cent sometimes less, I have not tried Eos because I only made three transactions using Eos, and checking this article they confirmed my belief

https://ihodl.com/analytics/2020-08-13/these-3-cryptocurrencies-have-fastest-transaction-speed/
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November 02, 2020, 04:20:58 PM
 #32

Tron, NRG blockchain's transaction is fairly fast. Currently ETH and Bitcoin transactions are very slow. But after ETH 2.0 hope, ETH's transaction will be very fast.

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November 05, 2020, 07:43:18 PM
 #33

In my experienced Tron, Litecoin and Ripple are the fastest the confirmation is instant but I like Tron, because of the transaction fee of only 1 cent sometimes less, I have not tried Eos because I only made three transactions using Eos, and checking this article they confirmed my belief

https://ihodl.com/analytics/2020-08-13/these-3-cryptocurrencies-have-fastest-transaction-speed/
I agree Tron is the fastest and actually the best for small scale transfer for traders and even gamblers because the fees is actually zero and the confirmations are instant which is the ideal choice for most of us, myself being a gambler and I deposit small to Trin works fine.

I also tried and used XRP and it was almost instant so that is also good and the old dogecoin is still a good option for that because fees is 1 doge on transactions normally and the confirmations are very fast although I must say they are not instant like Tron and XRP and takes like 5-10 mins for 6 confirmations which is the normal for the deposit to appear.

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November 06, 2020, 08:28:11 AM
 #34

In my experienced Tron, Litecoin and Ripple are the fastest the confirmation is instant but I like Tron, because of the transaction fee of only 1 cent sometimes less, I have not tried Eos because I only made three transactions using Eos, and checking this article they confirmed my belief

https://ihodl.com/analytics/2020-08-13/these-3-cryptocurrencies-have-fastest-transaction-speed/
I agree Tron is the fastest and actually the best for small scale transfer for traders and even gamblers because the fees is actually zero and the confirmations are instant which is the ideal choice for most of us, myself being a gambler and I deposit small to Trin works fine.

I also tried and used XRP and it was almost instant so that is also good and the old dogecoin is still a good option for that because fees is 1 doge on transactions normally and the confirmations are very fast although I must say they are not instant like Tron and XRP and takes like 5-10 mins for 6 confirmations which is the normal for the deposit to appear.
Tronnn??? Tron has 2000TPS while EOS has 4000TPS and that 2 blockchain is not close enough to newest blockchain project like Zilliqa, Ontology, Quarkchain, Harmony, Solana and so many new Blockchain project that already launch there mainnet. Tron just gain much attention due to hype build by the founder FUD on his own coin.

I agree that Tron is convenient to use because its really much faster compared to the leading crypto like BTC and ETH. But claiming it as the fastest blockchain is delusional.

I love Bitcoin Forever!  Wake me up when Bitcoin hits 1M.
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November 06, 2020, 08:42:24 AM
 #35

Bitcoin is the fastest blockchain, because 1 Bitcoin confirmation has security of hundreds or even thousands of altcoin confirmations. .
but we aint talking about the security . its the speed that we are talking to . if btc blockchain is the fastest no wonder why why theres so many people complain about thier delayed transaction . they say trx , ltc and ripple  .

 im going to agree with that because me myself also tried to use those coins and i was impressed how my transaction went  but all of that dont mean that we should now forget btc, no because all of those wont be possible if without the existense of btc . btc still has its own charm if not on the speed

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November 06, 2020, 09:15:51 AM
 #36

Every Blockchain is unique with it's characteristics and what everyone likes about it. I like Ripple Network no doubt.They are really fast in sending and receiving value from exchange and wallet.
If you check all exchanges, you hardly see transactions fee greater than 3 Xrp which is very cheap when one try others like ethereum, Bitcoin and Litecoin. Tron is cheap but not as fast as xrp.

Xlm is cool to but I don't find it friendly. Currently, I am looking to adoption of Tron (Free crystal) with transactions time frame of 0.15 sec.

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November 06, 2020, 11:02:51 AM
 #37

but we aint talking about the security . its the speed that we are talking to . if btc blockchain is the fastest no wonder why why theres so many people complain about thier delayed transaction . they say trx , ltc and ripple  .

 im going to agree with that because me myself also tried to use those coins and i was impressed how my transaction went  but all of that dont mean that we should now forget btc, no because all of those wont be possible if without the existense of btc . btc still has its own charm if not on the speed

In cryptocurrency speed and security are deeply connected. It's a huge misconception to think that "fast" blockchains actually confirm your transactions, because their confirmations are unreliable. So, what's the point of a centralized and unsecure cryptocurrency, if you can get already get instant confirmations with banks or PayPal, but they are at least regulated and there's at least some guarantee that they won't exit scam you, or that the value of your money won't drop by 90% overnight.





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November 06, 2020, 01:11:30 PM
 #38

Tron, NRG blockchain's transaction is fairly fast. Currently ETH and Bitcoin transactions are very slow. But after ETH 2.0 hope, ETH's transaction will be very fast.
Yeah very true and it feels like a distant memory when ETH had very fast confirmations and the transaction cost was so small. Now ETH is not the right choice for quick transactions anymore and I hope this gets solved with ETH 2.0 but I don't know if there is any emphasis on that. Personally I don't mind transaction fees much because I don't make small transfers but I often get stuck in the ETH network congestion and although I am able to cancel my transactions in that case (send 0 eth to yourself with better fees and same nonce) but it feels bad to do that and make a new transaction.

I see many people suggesting tron which might be fast but then I don't trust these new coins much and the price for tron hasn't been too promising lately.
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November 06, 2020, 01:35:01 PM
 #39


A transaction will get into the next block in Ethereum network if you pay a high fee. As Ethereum mining difficult is set to have a blocktime of 13 seconds (average) that is the transaction time in EThereum network.

Bitcoin has a 10 minute blocktime. This a design decision, not a new or old technology.

Small blocktime leads to waste of energy. Miners will mine blocks at the same time (or very close to each other), and only one will be the longest chain.

Overall, when someone talks about "fastest blockchain" they don't know what they are talking about.

If you just want fast transactions and don't give a shit about centralization or anything else, just use Visa. It is faster and safer than most blockchains.
Each blockchain has a certain number of confirmations, after which the transaction is considered confirmed.
In bitcoin, for example, when transferring large amounts, 6-10 confirmations are expected. This is enough to avoid 51% attacks.

You are addressing the issue of the blockchain trilemma: decentralization, security, and scalability.

This is another interesting question, through how many confirmations can a transaction be considered confirmed and secure.
If you trade on an exchange, then you can see that for each coin there is a certain limit of confirmations on the network before crediting money to your balance.





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November 06, 2020, 02:02:52 PM
 #40

The fastest blockchain isn't one, there are many fast blockchain in this space like solana, Harmony, Tron and many more, I think many investors don't worry about which blockchain is faster, they are more into the utility ( use case ) of the project so it's nothing to debate about

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