Cryptionary

Transactions Per Second

1. concept

Transactions per second. Each blockchain can handle a different amount of transactions per second depending on how it approaches security and scaling. Having a large amount of transactions per second is vital for global adoption and mass usability.

1.1 Bitcoin (BTC)

Bitcoin (BTC) currently has on-chain speed maxing out at around 7 transactions per second. To improve this Bitcoin (BTC) is experimenting with off-chain solutions.

1.2 Bitcoin Cash (BCH)

Bitcoin Cash (BCH) currently has seen a maximum on-chain speed of around 80 transactions per second, but its limits haven't been hit yet so the maximum may be much higher.

1.3 Visa

Visa averages ~2,000 transactions per second, and can handle more than 24,000 transactions per second.

* All terms and definitions may update as the Cryptionary improves.

All terms

Private Key Proof of Stake Proof of Work Public Key Pump and Dump Rekt Replace By Fee Satoshi Nakamoto Satoshis Schnorr Signatures SegWit SHA-256 Shill Shitcoin Simple Ledger Protocol Simplified Payment Verification Stop Limit Order Testnet Token Total Supply Transactions Per Second Transaction Transaction Fee Two Factor Authentication UTXO Volume Wallet Whale Zero Confirmation