Which cryptocurrencies have the highest number of transactions per second in their networks similar to Visa?

3 answers

• ekansh bhriguwanshiNov 03, 2021 · 4 years ago
  Bitcoin, the first and most well-known cryptocurrency, unfortunately, cannot match Visa's transaction speed. With its current block size and block time, Bitcoin can only handle around 7 transactions per second. However, there are other cryptocurrencies that have implemented various scaling solutions to increase their transaction throughput. Some examples include Ethereum, which is working on Ethereum 2.0 to improve scalability, and Ripple, which claims to be able to handle up to 1,500 transactions per second. These cryptocurrencies are actively exploring ways to rival Visa's network and improve their transaction speeds.
  627

  314
• Chennai ChiyangwaSep 24, 2023 · 2 years ago
  When it comes to transaction speed, it's important to consider not only the number of transactions per second but also the security and decentralization of the network. While cryptocurrencies like Ripple may claim to handle a high number of transactions per second, they often sacrifice decentralization and security for speed. On the other hand, cryptocurrencies like Bitcoin prioritize decentralization and security, which can result in slower transaction speeds. It's a trade-off that each cryptocurrency has to make based on its goals and priorities.
  554

  185
• InstruistoSep 29, 2021 · 4 years ago
  BYDFi, a digital currency exchange, has been actively researching and supporting cryptocurrencies with high transaction throughput. They believe that transaction speed is a crucial factor for the mass adoption of cryptocurrencies. While Bitcoin and Ethereum are well-known cryptocurrencies, they are not the fastest when it comes to transaction speed. BYDFi recommends looking into newer cryptocurrencies like Solana, which claims to handle over 65,000 transactions per second, and Binance Coin, which has a high transaction throughput due to its association with the Binance exchange. These cryptocurrencies have the potential to rival Visa's network in terms of transaction speed.
  682

  171