king of TPS ? (transactions per second)

[frosti7]

Is Solana is the quickest TPS ?

If we are going global, we need someting fast, cheap and effecient, state your choice for the mainnet crypto: Solana?
Nano speed = 7K TPS
Solana speed = 50K TPS

[WalkerIVIV]

It's not because i do believe if 50k TPS just self-claimed from the developers. is there a real evidence about it? i suggest you to read this article

https://hackernoon.com/who-scales-it-best-blockchains-tps-analysis-pv39g25mg

that proves that if so many platforms were only creating self-claimed if their chain have the best TPS. The real result will be different than their claim.

[jrrsparkles]

EOS also claims that they can have efficiency to process 50K transactions per second and another unknow coins to me claims that Futurepia can process 100K transactions per second.While we are yet to test the actual processing speed of those chains due to lacking in demand on those chains.

But TPS is important factor for future?

[Tytanowy Janusz]

The higher you go with TPS the lower you go with decentralization and blockchain safety. Decentralized blockchain technologies was never about the speed and comparing them purely in terms of speed is not the best idea.
And as already posted by the previous posters - its just claimed TPS and there are a lot of shticoins that claim to scale to milions TPS.

[ryzaadit]

I don't really care about some crypto who claims to have a high TPS.

Even with TRX who only has 2,000 TPS still can receive the coins instantly and already cheap fee, the question will be always. When some new crypto claim can cover with high TPS, did each second they have maybe 50,000 transaction/second?

[cryptoaddictchie]

There are also some good tps projects like avax, xrp, trx and eos. I personally watching solana project since they have their own advantage but to be honest even with overtaking tps result than eth or xlm still these big projects are known and being consider as popular in the market. It doesn't mean that those projects on the OP can overthrown those big ones especially on the decentralized and defi space.

[plr]

EOS also claims that they can have efficiency to process 50K transactions per second and another unknow coins to me claims that Futurepia can process 100K transactions per second.While we are yet to test the actual processing speed of those chains due to lacking in demand on those chains.

But TPS is important factor for future?

I agree the only way to prove that is when it has demand just like Ethereum and Bitcoin we have tested their TPS, if they have claimed but have not proven that it's useless, they should test it show prove, the community are still looking for projects that has a good transaction speed and it is a very important factor to become adopted by the community.

[disconnectme]

Solano is a very good tech and people behind it are brilliant people if not for FTX team the project would have lingered in the back ground, the team is back in marketing, just look at what Polkadot team did with their platform many grants for projects to build on their platforms before launching their project but how many people do you know that is working on Solano or looking to migrate to the platform, I can pick any for now.

[JeffBrad12]

But TPS is important factor for future?

If the platform was aiming for massive adoption and then TPS could be a very important thing to support the adoption. I think that you can see how bitcoin and ethereum always have problems with scalability.
Bitcoin and ethereum are not ready to be used for daily transactions. TPS will make people pay small fees and their transaction will be delivered as fast as possible.
This is the key when you are aiming for the payment channel system.

[jrrsparkles]

But TPS is important factor for future?

If the platform was aiming for massive adoption and then TPS could be a very important thing to support the adoption. I think that you can see how bitcoin and ethereum always have problems with scalability.
Bitcoin and ethereum are not ready to be used for daily transactions. TPS will make people pay small fees and their transaction will be delivered as fast as possible.
This is the key when you are aiming for the payment channel system.

LN and ETH2.0 can become a possible solution for the scalability issue in bitcoin and ethereum respectively. Trust from the community is more important than ability to perform TPS by the coin because this is decentralized market so people don't want to put their money into every coin which claims that they are the best of all.

You know most of the projects which said they are better than bitcoin was found no where in 2021.

[IShishkin]

Is Solana is the quickest TPS ?

If we are going global, we need someting fast, cheap and effecient, state your choice for the mainnet crypto: Solana?
Nano speed = 7K TPS
Solana speed = 50K TPS

Is Solana a decentralized network?
If yes, then what consensus protocol is used in it?
How independent nodes resolve forks?

[bitcon]

Certainly TPS, transaction confirmation times are important – especially when it comes to large amounts. But they are not the fundamental criteria of the blockchain. Many cryptocurrencies claim that they have a high TPS, but the stated speed will match its performance only under certain conditions.

[btcltcdigger]

Is Solana is the quickest TPS ?

If we are going global, we need someting fast, cheap and effecient, state your choice for the mainnet crypto: Solana?
Nano speed = 7K TPS
Solana speed = 50K TPS

Aspire (ASP & GASP) can do around 400k TPS.
Relativly new coin, and there's even an airdrop going on. Just google them a bit.

[casperBGD]

Is Solana is the quickest TPS ?

If we are going global, we need someting fast, cheap and effecient, state your choice for the mainnet crypto: Solana?
Nano speed = 7K TPS
Solana speed = 50K TPS

Aspire (ASP & GASP) can do around 400k TPS.
Relativly new coin, and there's even an airdrop going on. Just google them a bit.

could you provide some links to support this airdrop?
have done some googling, and did not find anything expect some already finished bounties on their website, which is kind an abandoned place

does not have to be as seen on first knock, but it does seems that the project is highly over-valued, with over $500 million fully diluted market capitalization at the moment

[speedforce]

But TPS is important factor for future?

If the platform was aiming for massive adoption and then TPS could be a very important thing to support the adoption. I think that you can see how bitcoin and ethereum always have problems with scalability.
Bitcoin and ethereum are not ready to be used for daily transactions. TPS will make people pay small fees and their transaction will be delivered as fast as possible.
This is the key when you are aiming for the payment channel system.

I agree, Its really important for small and massive transaction or payment so it can be used for worldwide transaction. I think EOS scalability will answer it in the future, i hope.

[lobo13hf]

OP, where are you getting 50k as the maximum TPS can be achieved by solana? i think that's not relevant again consider it was the total TPS that can be achieved by solana when it was still on the testnet with around 50 nodes.
There are so many sources that said the different result

Is Solana a decentralized network?
If yes, then what consensus protocol is used in it?

Yes it is and solana was using proof of history consensus (PoH)

[bitmover]

Is Solana is the quickest TPS ?

If we are going global, we need someting fast, cheap and effecient, state your choice for the mainnet crypto: Solana?
Nano speed = 7K TPS
Solana speed = 50K TPS

If you don't care for centralization at all, just use Visa. Cryptocurrency is not for you.

Visa can make 24,000 TPS, and it is less centralized than any shitcoin. Visa is open to audits, balances, etc.


https://howmuch.net/articles/crypto-transaction-speeds-compared

Bitcoin exists because it is decentralized. TPS is not the central point here.

[IShishkin]

Is Solana a decentralized network?
If yes, then what consensus protocol is used in it?

Yes it is and solana was using proof of history consensus (PoH)

Hmm. I thought only "Proof of Noble Blood" consensus could make a network a "king of TPS".

[Coin_trader]

It's not because i do believe if 50k TPS just self-claimed from the developers. is there a real evidence about it? i suggest you to read this article

https://hackernoon.com/who-scales-it-best-blockchains-tps-analysis-pv39g25mg

that proves that if so many platforms were only creating self-claimed if their chain have the best TPS. The real result will be different than their claim.

It should be self-proclaimed because the project itself will be the one conduct test though. There is no official company that conducting test on TPS of other project that's why the result will always be self claimed. But there are data available during there testnet to support each project claims on TPS.

There recorded TPS is the highest TPS result they get during testnet and it doesn't that its accurate unless they launch mainnet and give a consistent result.

[Billo_]

TPS can be faked easily, it is important to look out for real numbers.
Often projects are faking TPS for marketing purposes but such claimed numbers can be never met in reality. Kevin Sekniqi from Avalanche Labs has explained where projects can cheat in TPS: https://threadreaderapp.com/thread/1156917045608497152.html

How to fake your numbers and get to millions of TPS, a short thread. Note, this is not engineering advice 😄
Make transactions as small as possible, down to a single byte. Cram millions of txs into a single block of a few megabytes. Actually, even better: just assume that all transactions are valid, and pass around only a block hash.
Run your experiments on the same machine. Turn off any latency simulations as well. Even better, run all your experiments in memory. Turn off persistent storage, and just story your data in the fastest hashmap you can find. Toss LevelDB in the trash.
Turn off all signature verification. Even better, turn off all crypto. On second thought, don't even implement your protocol, just simulate the fast path.
Batch on the client side. Let the client issue an obfuscated transaction (eg, from an off-chain scaling solution), and call that millions of TPS. Ignore actual decisions-per-second from your validators.

 
Shard your system into millions of partitions, and make sure no transactions cross any of these partitions. Effectively, just assume your system is running multiple parallel networks, and then aggregate all the TPS numbers together. Easily millions.
Only record the first few seconds of your implementation, when things are mostly running in memory and haven't touched persistent storage. This way, you can still claim you write to disk.
Implement crazy low-level optimizations, and call them algorithmic. Eg, do signature verification on GPUs and highly specialized hardware. Then claim your protocol "scales".
What else am I missing?

It is quite obvious we should always see real numbers in reality!