See 5 CryptocurrenciesWith The Fastest Transaction Speed

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4 years ago

Cryptocurrencies come with different transaction speeds where some are faster than others. As long as these coins run on blockchain technology to process, validate, and verify transactions, transaction speeds depend on several factors. Thatā€™s including network congestion, transaction volume, transaction fees, and lagging nodes.Ā 

Transaction speed is a big draw of users to cryptocurrency since traditional finance tends to have long waiting times. Therefore the faster the transactions, the more ideal a coin is to consumers looking for efficiency in their exchanges. However, some crypto coins have more advanced speed, and weā€™ll compare the top five fastest cryptocurrencies.

Apollo (APL)

Apollo is the industryā€™s fastest cryptocurrency with the speed of sub-zero to two seconds block-time per transaction. It appeals to retailers and consumers who are looking for large case-use cryptos such as banks and governments. Apollo was the first to launch a national currency platform to host a national currency and the only cryptocurrency thatā€™s launching a mass adoption crypto friendly bank.

As the worldā€™s first blockchain that implements database level sharding, it satisfies high user expectations of indefinite sustainability. Furthermore, it boasts advanced proprietary tech such as adaptive forging, Apollo updater, node synchronization, Apollo atomic swaps, sharding and many more. It is the first cryptocurrency to make wallets quantum resistant and have true quantum resistance. Itā€™s without a doubt the worldā€™s most feature rich cryptocurrency.

Vendors worldwide continue to benefit from Apolloā€™s low transaction fees and token systems that run on non-complex codes. Users on the platform can send public and private transactions via encrypted messaging, private ledgers, IP masking, etc. They have the worldā€™s first Dapps infrastructure with limitless storage coming soon. Hereā€™s where you can buy it.

Gold Secured Currency (GSX)

Gold Secured Currency is hosted on the Apollo Blockchain, which means it boasts the same transaction speed of sub-zero to two seconds block-time. GSX is an asset gold-backed coin. That means its value increases over time without drops.Since itā€™s developed by Apollo Fintech it shares the same technological advancements such as having database sharding, security, quantum resistant wallets, launching mass adoption of a crypto friendly bank etc.

Ā GSX holders receive yearly dividends and can redeem GSX for its value in gold. Also, holders are the true beneficiaries of land rights, mining companies, and mining assets under GSX.Ā 

As an investment, GSX incorporates the best features of a stable coin, cryptocurrency, and investment coin. It combines stability and growth and is the only coin that grows asset value continually. The value of GSX improves after 50% of what is not sold in CDE gets burned with value moving to surviving GSX. It will have continuous auditing by a third party.

In the future, GSX will be the only quantum secured stable coin and will not be affected when the technology comes. Hereā€™s where you can buy it, get it while itā€™s still on presale with as much as 50% bonus.

Ripple (XRP)

Ripple is a coin that runs on the RippleNet network that has an approximated transaction speed of four seconds. It is a token used for transactions in the Ripple network that was created in 2004. XRP was created to act as a bridge between different currencies. It was designed for financial institutions and payment providers to transfer value and build enterprises.

The network has its eye on solving the problem of cross border payments by creating a standard mode of XRP transaction.Ā 

Rippleā€™s transaction costs are $0.00001, which disappears from the platform and canā€™t get replenished. The weird ā€œdisappearanceā€ of the transaction fee is a deliberate act by the network to prevent spam attacks.Ā 

After all, Ripple runs on its own patented technology called the Ripple Protocol consensus algorithm (RPCA) instead of the blockchain.

Stellar Lumens (XLM)

Stellar is a distributed payment infrastructure that has an approximated transaction speed of five seconds. Founded in 2014, Stellar focuses on fast and affordable cross border transactions. Unlike Ripple, Stellar focuses more on individual needs as opposed to corporate and large institutions. XLM is used to make cheap international payments and conduct quick transactions between different currencies.

The Stellar platform uses distributed ledgers to maintain data and store transaction history. The platform uses a payment protocol known as Stellar Core that uses the Stellar Consensus Protocol algorithm. This Stellar algorithm in turn relies on a consensus model called Federated Byzantine Agreement.

NEO (NEO)

NEO is a decentralized open-source cryptocurrency that has an approximated fifteen-second transaction speed. NEO is the name of both the cryptocurrency and the blockchain platform launched in China. It aims to convert traditional assets into digital assets where users can create decentralized apps and smart contracts. Furthermore, NEO users can create identities usable via multi-factor authentication mechanisms such as facial recognition, fingerprints, etc. Unlike other cryptocurrencies, NEO is not divisible, and its smallest unit will always be 1.

EndNote

As more people discover the advantages cryptocurrency has over traditional finance, we can all agree that transaction speed is a major draw. The change from traditional fiat is undoubtedly spurred by the promise of almost instant transaction speeds of coins like Apollo. Users and investors are more interested in networks that can handle high volume transactions and increased transaction speeds. The coins noted are ahead of their counterparts and more likely to attract both new and experienced investors.

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Comments

In addition, AWC token is now exclusive to this attribute and is one of the promising coins that every crypto enthusiastics will wish to have as it is a stakeable coin with good reward of upto 23%APR. More info about AWC token - https://atomicwallet.io/token

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3 years ago

BCH didn't make the list

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4 years ago

BCH so sorry about that an updated lost will be provided soon

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4 years ago

Its been a while dear! Thank you for sharing this informationšŸ˜Š

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4 years ago

It's really been long, tho i am back now how are you doing

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4 years ago

Still the same but with a twist, im now busy with my incoming online classesšŸ˜‚

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4 years ago

Tell me more about it.. Classes about whatšŸ•µ

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4 years ago

I will be having my online classes on monday, i am an incoming 3rd year student

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4 years ago

I wish you the best Go make us proud. Year 3 in the university right?

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4 years ago

Yes dear thank ypu so muchā¤

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4 years ago

Your welcomešŸ’—

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4 years ago

First 2 never heard of, will check them out. Where do you think Ethereum 2.0 will be?

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4 years ago

ETH can be the 7 on the list i might have to research extensively

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4 years ago

7 is not too bad . Hope it will be fast enough

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4 years ago

It surely is fast enough i mean compared to bitcoin

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4 years ago

You are welcome with this useful information. Thanks for briefing us.

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4 years ago

Thanks @Olad i missed the community and also your accurate comments

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4 years ago

It's a long time, you write an article. I really miss your useful & informative article.

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4 years ago

I missed you toošŸ˜‡ i see things haven't changed much since i left

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4 years ago

Hope so. But really missed your writings.

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4 years ago

šŸ’˜šŸ’˜ Ive been wanting to write you something special via twitter but circumstancesšŸ˜­

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4 years ago

I don't go Twitter. Sometimes I go. So, I can't see your msges.šŸ˜©

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4 years ago

Okay i will tag you soon here. What did you write about todayšŸ•µ

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4 years ago

Okay dear.šŸŒ¹

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4 years ago

why there is no NANO or Banano coin in you list? i think that have nearly instant transaction better than coin you mentioned in your article.

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4 years ago

Are you sure abt that Nano coins are not used for payments globally

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4 years ago

You missed the fastest coins man. It's Nano and Banano. They are instant. and average confirmation time is less than 1 second. ANd it's feeless also.

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4 years ago

Woah this sounds like the new economy. How to do make use of this new coin is there any community for experimental purposes..

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4 years ago