Transactions Per Second

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 will change as the Cryptionary improves