What is “Transactions per second” (TPS) and why does it matter? - Crypto in Plain English - Episode 136 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it5 Huhti 2022

What is “Transactions per second” (TPS) and why does it matter? - Crypto in Plain English - Episode 136 - by cryptohunt.it

What is “Transactions per second” (TPS) and why does it matter?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today, let's look into one the most fundamental requirement any blockchain will have to meet: That it can process enough transactions to handle the intended use cases.

Transactions per Second, or TPS in short, is a measure of that capability. Why does it matter?

Let's assume you create a new, amazing blockchain. Your goal is ambitious: It will be one global currency, poised to replace traditional payments entirely.

Now, that would be a lot of payments. VISA, for example, processes a few thousand transactions every second, and that is only one credit card company in a few countries. Just how many your blockchain would really need to support is hard to guess, but we can safely assume it's hundreds of thousands of TPS.

And guess what? Others have also tried and failed miserably. Bitcoin can handle only 7 TPS, a number that doesn't even support a single large supermarket. Ethereum does 14, so people pay to jump in front of the queue, and transaction fees become astronomical and impractical for smaller payments.

You see, it sounds easier than it is, and any blockchain that wants to have a real shot will need to support massive TPS, and they need to be cheap as well. When you evaluate a project, keep an eye on it.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

What is a bank run, actually? And is that really what killed FTX? - Episode 317 - by cryptohunt.it

What is a bank run, actually? And is that really what killed FTX? - Episode 317 - by cryptohunt.it

What is a bank run, actually? And is that really what killed FTX? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - and this is another special to ex...

16 Joulu 20223min

Should I use crypto to send money internationally? - Episode 316 - by cryptohunt.it

Should I use crypto to send money internationally? - Episode 316 - by cryptohunt.it

Should I use crypto to send money internationally? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you can form your own opinions to be saf...

15 Joulu 20222min

What does SBF’s arrest mean for crypto? - Episode 315 - by cryptohunt.it

What does SBF’s arrest mean for crypto? - Episode 315 - by cryptohunt.it

What does SBF’s arrest mean for crypto? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - and this is another special on FTX. So: Sam Bankman-Fried g...

14 Joulu 20223min

Sam Bankman-Fried was just arrested - Bonus Episode 314 - by cryptohunt.it

Sam Bankman-Fried was just arrested - Bonus Episode 314 - by cryptohunt.it

Sam Bankman-Fried was just arrested - Welcome to a special bonus extra Episode We usually just do one episode per day of the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain...

13 Joulu 20222min

What is “Proof of Time” (PoT)? - Episode 313 - by cryptohunt.it

What is “Proof of Time” (PoT)? - Episode 313 - by cryptohunt.it

What is “Proof of Time” (PoT)? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you can form your own opinions to be safer out there in the ...

13 Joulu 20222min

Just how big if the “FTX Domino Effect”? - Episode 312 - by cryptohunt.it

Just how big if the “FTX Domino Effect”? - Episode 312 - by cryptohunt.it

Just how big if the “FTX Domino Effect”? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you can form your own opinions to be safer out the...

12 Joulu 20223min

An Update on Ukraine and Crypto - Episode 311 - by cryptohunt.it

An Update on Ukraine and Crypto - Episode 311 - by cryptohunt.it

An Update on Ukraine and Crypto Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. When the war against Ukraine broke out, we shared stories about cryp...

9 Joulu 20222min

What if you got paid for surfing the web? An explanation of BAT (Basic Attention Token) - Episode 310 - by cryptohunt.it

What if you got paid for surfing the web? An explanation of BAT (Basic Attention Token) - Episode 310 - by cryptohunt.it

What if you got paid for surfing the web? An explanation of BAT (Basic Attention Token) Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Today, we'll...

8 Joulu 20222min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
ostan-asuntoja-podcast
rss-rahamania
rahapuhetta
rss-laakispodi
rss-sisalto-kuntoon
herrasmieshakkerit
rss-lahtijat
rss-bisnesta-bebeja
rss-seuraava-potilas
inderespodi
rss-sami-miettinen-neuvottelija
leadcast
timanttia-hiomassa
rss-kohti-unelmia
rss-juurisyy-johtamisesta-kilpailuetua
rss-porssipodi