Amongst blockchain’s challenges, which term refers to how many more tx the blockchain can accomodate?
Question: Amongst blockchain’s challenges, which term refers to how many more tx the blockchain can accomodate?
The term that refers to how many more transactions a blockchain can accommodate is throughput. Throughput is measured in transactions per second (TPS). A blockchain with a higher throughput can process more transactions in a given period of time.
Blockchain throughput is an important factor to consider when evaluating the scalability of a blockchain platform. A blockchain with a low throughput may not be able to handle the volume of transactions required for certain applications, such as micropayments or high-frequency trading.
There are a number of factors that can affect blockchain throughput, including the consensus mechanism used, the block size, and the hardware requirements of the nodes on the network.
Some blockchain platforms are able to achieve high throughput by using sharding or other scaling solutions. However, these solutions can often come at the expense of decentralization or security.
It is important to note that throughput is not the only factor that determines the scalability of a blockchain platform. Other factors, such as latency and transaction fees, are also important to consider.
Here are some examples of blockchain platforms with high throughput:
- Solana
- Avalanche
- Polygon
- Near Protocol
- Fantom
These platforms are able to achieve high throughput by using a variety of scaling solutions, such as sharding, parallel processing, and DAG technology.
It is important to note that these platforms are still under development, and their throughput and scalability may vary depending on the specific application.
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