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by splintercell
2962 days ago
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> Cryptocurrency is slower than card networks. Two cryptocurrencies come to mind: a) Nano (formerly RaiBlocks) which achieves 7000 tps, compared to Visa's capacity of 25k-65k tps (but VISA rarely spikes over 4000 tps), its wallets and network is already live b) Solana (still in dev stages), which claims to be able to achieve 710k tps without network partitioning. This actually knock centralized systems out of the water. Of course, the centralized systems can always mimic the behavior and achieve similar throughput. But the main point is, because a lot of money is in blockchain, a lot of it is being spent on finding ways to make it faster (which is why, innovation for faster throughput is happening in the blockchain field). |
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