How does Fantom's TPS compare to other cryptocurrencies?
NikolaiDec 26, 2021 · 3 years ago3 answers
Can you provide a detailed comparison of Fantom's TPS (Transactions Per Second) with other cryptocurrencies? How does Fantom's TPS measure up against popular cryptocurrencies like Bitcoin, Ethereum, and Binance Coin?
3 answers
- Dec 26, 2021 · 3 years agoFantom's TPS is known for its exceptional speed and scalability. With an average TPS of over 3000, Fantom outperforms many other cryptocurrencies. Compared to Bitcoin's TPS of around 7 and Ethereum's TPS of around 15, Fantom's TPS is significantly higher. Even Binance Coin, which operates on the Binance Smart Chain, has a TPS of around 1500, making Fantom's TPS more than double that of Binance Coin.
- Dec 26, 2021 · 3 years agoWhen it comes to TPS, Fantom is a clear winner. Its cutting-edge technology and innovative consensus mechanism allow for lightning-fast transactions. Fantom's TPS is designed to handle high transaction volumes without compromising on speed or security. This makes it an ideal choice for users who require fast and efficient transactions.
- Dec 26, 2021 · 3 years agoAccording to independent tests and reports, Fantom's TPS is indeed impressive. It consistently achieves high TPS rates, surpassing many other cryptocurrencies. This is mainly due to its unique architecture and the use of a Directed Acyclic Graph (DAG) as its underlying technology. By utilizing a DAG, Fantom is able to achieve high scalability and throughput, resulting in a significantly higher TPS compared to traditional blockchain-based cryptocurrencies.
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