Transactions Per Second TPS In Cryptocurrency
Wondering what TPS means then “Transactions Per Second TPS In Cryptocurrency” is for you.
In the context of blockchains, transactions per second (TPS) refers to the number of transactions that a network is capable of processing each second.
The development of technologies that increase the transaction rate of blockchains has been an important area of research over the years. These decentralized networks pose completely new challenges in terms of their ability to scale for increased demand.
Decentralization comes at the cost of performance and security. So, these scalability solutions not only need to increase the performance of the network but, at the same time, also maintain all the other desirable properties of blockchain. Otherwise, blockchain isn’t really anything more than an inefficient database.
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