Top Cryptocurrencies with High Transaction Speed
Crypto investors are extremely vigilant to choose cryptocurrencies with high transaction speed. It is also known as TPS or Transaction Per Second and is very important for crypto transactions that happen around the world. Crypto coins with high TPS always have a high demand as their fast transaction speeds allow them quick crypto transfers and offer more ability for crypto investors to transfer data effectively and efficiently. However, at times TPS can be influenced by high transaction fees, increased congestion, and some other external elements. The transaction speed depends on block mining, transaction complexity, and network load. Here are some of the top currencies with high transaction speeds.
Cardano features a DApp development platform and a third-generation blockchain that makes it one of the top cryptocurrencies currently available. The circulation of Cardano is around 32 billion and is popular for processing 257 TPS.
The TPS of Solana is 2,825 within 0.4 seconds, making it popular in the crypto market. US$0.00025 is the average cost taken for a transaction. It is one of the best-decentralized blockchains used in many user-friendly applications around the world.
XRP features a TRP of 1,500 within 4 seconds of 3-5 seconds crypto transactions. It is one of the stablecoins that has the ability to scale itself to manage the same output as Visa in the coming years.
Ethereum is known to be the second most popular cryptocurrency in the crypto market. The TPS of Ethereum is just 12-25 TPS with a confirmation time of about 6 seconds. However, several crypto investors expect Ethereum to deal with 100,000 transactions per second with ETH2 shortly.
Cosmos is extremely popular in offering about 10,000 transactions per second and the confirmation time is just 7 seconds. It is a completely open-source platform and the native token of Cosmos is ATOM.
Even though there are thousands of cryptocurrencies, bitcoin still remains the most popular cryptocurrency in the whole market. However, the TPS of bitcoin still remains 3-7 within a confirmation time of about 10 seconds.
Avalanche is one among the emerging cryptocurrencies with a TPS of 5000 within a crypto transactions time of just 1-2 seconds. Avalanche is known to be secure, fast, and affordable using smart contracts.
EOS is a cryptocurrency with a higher level TPS of 4,000 within an average confirmation time of 0.5 seconds. It is also popular for providing an operating system that helps to develop DApps effectively and efficiently.
The beginning of dogecoin happened as a meme coin. However, it has grown a lot after that. It can now offer 30 transactions per second in a crypto transaction confirmation time of just 1 minute.
Polkadot is another cryptocurrency that offers 1,000 transactions per second within 4-5 seconds. It makes use of Nominated Proof-of-Stake to secure its network for crypto investors. It is one of the top cryptocurrencies preferred by investors.