How many transactions per second can a cryptocurrency process?

For example, PayPal's TPS is around 193 transactions per second and VISA is capable of processing up to 1,700 transactions per second. When it comes to TPS of blockchain networks, the maximum transactions per second that is done in the world of crypto is 50,000 (by Solana network).

What is transactions per second (TPS)?

Transactions Per Second (TPS) is the number of transactions that a network can process in a second. It is a measurement used to evaluate the transaction speed of a network. What is Transactions Per Second in Crypto? In crypto, TPS represents the maximum number of transactions that a blockchain can carry out in a second.

Why is crypto transaction speed so important?

Crypto transaction speed can take a hit if the Blockchain you transact has high network congestion, huge volume, and increased transaction fees. Cryptocurrency with high transaction speed is crucial, and to maintain the speed, some specific factors must be considered.

How many transactions per second (TPS) can a blockchain handle?

When it comes to TPS of blockchain networks, the maximum transactions per second that is done in the world of crypto is 50,000 (by Solana network). This measurement can be useful when evaluating blockchains for their ability to process real-world transactions. However, there are several factors that complicate this simple comparison: