How many transactions per second (TPS) can largest payment systems and blockchains handle?

in blockchain •  7 years ago 

Visa — 24,000 TPS
Ripple — 1500 TPS
PayPal — 193 TPS
Bitcoin Cash — 60 TPS
Litecoin — 56 TPS
Dash — 48 TPS
Ethereum — 20 TPS
Bitcoin — 7 TPS

The Bitcoin network is currently facing huge scaling problem, but there are several solutions in the works. One of them — the Lightning Network protocol, which could enable much cheaper and faster bitcoin payments. According to Blockstream engineer Christian Decker, each channel in the protocol can handle about 500 transactions per second. If there are thousands of channels working simultaneously, theoretically speaking, the bandwidth of bitcoin could surpass not only all known cryptocurrencies, but also the Visa payment system.

blockchain bitcoin altcoin busy crypto
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.05
  • Past Payouts $0.05
  • - Author $0.05
  • - Curators $0.00
39 votes
3
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    Coins mentioned in post:

    CoinPrice (USD)📉 24h📉 7d
    BTCBitcoin7961.050$-4.42%-4.27%
    DASHDash355.888$-5.5%-13.06%
    ETHEthereum642.759$-6.87%-7.45%
    LTCLitecoin127.393$-4.38%-7.31%
    XRPRipple0.641$-4.88%-6.76%

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      [-]
        ·  7 years ago 

      This post received a $0.021 (3.30%) upvote from @upvotewhale thanks to @abbyrich! For more information, check out my profile!

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  7 years ago 

        This post was upvoted and resteemed by @resteemr!
        Thank you for using @resteemr.

        @resteemr is a low price resteem service.
        Check what @resteemr can do for you. Introduction of resteemr.

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00