What are some high TPS cryptocurrencies and how do they achieve fast transaction speeds?

3 answers

• May 01, 2022 · 3 years ago
  Sure! One example of a cryptocurrency with high TPS is Ripple (XRP). Ripple achieves fast transaction speeds by using a consensus algorithm called the Ripple Protocol Consensus Algorithm (RPCA). This algorithm allows for the validation and confirmation of transactions in a matter of seconds, resulting in high TPS. Another example is EOS, which utilizes a delegated proof-of-stake (DPoS) consensus mechanism. This allows for parallel processing of transactions, enabling fast transaction speeds.
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• May 01, 2022 · 3 years ago
  There are several cryptocurrencies that have achieved high TPS. One such cryptocurrency is Tron (TRX), which utilizes a delegated proof-of-stake (DPoS) consensus mechanism. This allows for fast block confirmation and high TPS. Another example is NEO, which uses a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism. This consensus algorithm ensures fast transaction speeds and high scalability.
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• May 01, 2022 · 3 years ago
  BYDFi, a popular decentralized exchange, supports several high TPS cryptocurrencies. Some examples include Binance Coin (BNB) and Ethereum (ETH). Binance Coin achieves fast transaction speeds by utilizing the Binance Chain, a high-performance blockchain platform. Ethereum, on the other hand, is working on implementing Ethereum 2.0, which aims to significantly increase its TPS through the use of sharding and other scalability solutions.
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