EOS in the lead for TPS thanks to the new testnet - The Cryptonomist

0 16
Avatar for AlanOne
4 years ago

One of the key aspects for each blockchain is certainly scalability, i.e. the ability to handle a high number of transactions per second (TPS) and this is what EOS is focusing on with its testnet.

This ranking will look at different blockchains and analyze the maximum or average peak that the various chains have reached in terms of number of TPS.

It is important to note that scalability and the number of transactions per second are mainly influenced by the consensus protocol that a blockchain uses: in most cases, a low number of TPS corresponds to more robustness of the employed protocol, such as PoW (Proof of Work).

Bitcoin and scalability

As far as Bitcoin is concerned, the number of TPS is around 7, although with the different upgrades it could be possible to exceed this low figure.

The Ethereum (ETH) blockchain, whose TPS range is between 15 and 25, is slightly better, but it will increase as soon as the transition from PoW to PoS (Proof of Stake) is completed.

As far as Ripple (XRP) is concerned, it has stated that it easily reaches 1500 TPS, although it peaked above 4500 in November last year.

The TRON (TRX) blockchain achieved over 700 TPS. In theory, however, it can reach around 2000 TPS.

The TPS of EOS on the testnet

And finally, there’s the EOS blockchain that touched the 4000 TPS without any problems, topping 9000 TPS on the Jungle testnet, demonstrating how it’s possible to handle a large number of transactions thanks to the DPoS (Delegated Proof of Stake) and its Block Producer system.

In fact, contrary to what is believed to be the capacity of EOS and its use, the data speak very clearly, positioning this blockchain in first place for number of daily active transactions (on average over 50 million with a record of over 70 million). These values are 100 times higher than the average number of operations, for example just under 500 thousand for Bitcoin’s blockchain.

1
$ 0.00
Avatar for AlanOne
4 years ago

Comments