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 > Ex. | 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 > Ex. | 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 > Ex. | Visa
Visa averages ~2,000 transactions per second, and can handle more than 24,000 transactions per second
* All terms and definitions may change as the Cryptionary improves