FASTEST Cryptocurrencies!! Blockchain Speed 101! 🏎


📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/
🛒 20% Binance Discount 👉 https://guy.coinbureau.com/binance/
👕 “HODL Hoody” 👉 https://store.coinbureau.com/product/hodl-hoodie/
🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/

~~~~~
📺Essential Videos📺

Cardano Engineers Explain TPS 👉 https://youtu.be/gpSnyCn2s9U
Solana Explained 👉 https://youtu.be/PA1kA5yT1Ac
Crazy Things You Can Buy With Crypto 👉 https://youtu.be/UK6LKszd73M
Kusama Polkadot Parachain Slot Auctions 👉 https://youtu.be/-vZmJx8yv10
Cosmos And Tendermint Cryptos 👉 https://youtu.be/y4d8XMBVF1A

~~~~~

– TIMESTAMPS –
0:00 Intro
2:08 Fastest Cryptocurrencies
6:15 What Is Speed In Cryptocurrency?
9:58 Calculating Cryptocurrency Speeds
12:28 Fastest Crypto: Transactions Per Second
14:29 Fastest Crypto: Transaction Finality
17:14 When Speed Doesn’t Matter
20:15 Conclusion

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► Blockchain Scalability Explained: https://towardsdatascience.com/the-blockchain-scalability-problem-the-race-for-visa-like-transaction-speed-5cce48f9d44
► Visa Factsheet (2018): https://usa.visa.com/dam/VCOM/download/corporate/media/visanet-technology/aboutvisafactsheet.pdf
► Solana Block Production Explained: https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db
► Cryptocurrency Confirmations Explained: https://www.buybitcoinworldwide.com/confirmations/
► Kraken Exchange Cryptocurrency Deposit Times: https://support.kraken.com/hc/en-us/articles/203325283-Cryptocurrency-deposit-processing-times
► Human Response Times Research: https://www.nngroup.com/articles/response-times-3-important-limits/

~~~~~

⛓The Blockchain Trilemma⛓

The blockchain trilemma was conceptualized by Ethereum founder Vitalik Buterin in 2016, and it states that a cryptocurrency can only be two of the following three things: Scalable, Decentralized, and/or Secure

🤔What Is Speed In Cryptocurrency?🤔

Transferring a coin or token from one wallet to another is not the same as executing a complex smart contract in a decentralized application like an Aave flash loan

Cryptocurrency transactions are more like packets of data than blips in a digital system. Cryptocurrency blockchains are basically like databases that process and store transaction data

For example, each block on the Bitcoin blockchain can hold 1mb of data, which is 1 million bytes. The size of the average Bitcoin transaction is just under 400 bytes. With a 10-minute block time, that’s 5 TPS

📏Calculating Cryptocurrency Speeds📏

Understanding that a cryptocurrency’s speed is just its ability to process and store data, it becomes possible to calculate the real transaction speed of any cryptocurrency using a few metrics

All you need to know is how big each block is, how frequently a block is made, and how large the average transactions on that cryptocurrency’s blockchain tends to be

⏩The Fastest Cryptocurrency: Transactions Per Second⏩

While Visa’s self-reported transactions per second is 65 thousand, Visa only processes around 2000 transactions per second on any given day

The only existing cryptocurrency that comes close to this level of throughput is currently Solana, which can handle between 50 to 65 thousand transactions per second, even for smart contract transactions

💱The Fastest Cryptocurrency: Transaction Finality💱

If you think the crypto speed case is closed with Solana, I’m afraid you’re mistaken. That’s because transaction execution and transaction confirmation are two very different things

Cryptocurrency exchanges always want to make sure the transaction is final before they credit your account, and the likelihood that a transaction is final typically increases with each confirmation

It is fair to assume that crypto merchants will want similar confirmations in the future. Solana has a high TPS, it does not provide instant finality like Algorand, Cosmos, and other Tendermint based cryptos

🤷‍♂‍When Speed Doesn’t Matter🤷‍♂‍

Whether a cryptocurrency is packing a 10k TPS engine or a 65k TPS engine under the hood is kind of irrelevant

You’ve probably noticed that when you make a payment using a debit or credit card it normally takes between 5 and 10 seconds to complete, even when it’s an online payment

Many cryptocurrencies have block times that fall within this range, which would put their transaction speeds on par with traditional payment systems for the average user, finality notwithstanding

~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome

#crypto #ethereum #cardano #solana #polkadot #blockchain #scaling

Discover How to Lock in Your Open Profits Using a CFD Trailing Stop Loss

Locking in Nice Profits of 20%, 50% or 100%+ are more than possible when you discover the most appropriate CFD Trailing Stop loss for your trading system. The only way to lock in those profits is by managing the trade successfully and using appropriate stop losses. Here we’ll take a look at CFD Trailing stop losses plus not letting profits turn into losses.

Which Contracts For Difference Market is the Best to Trade? These Questions Will Help You Out

If you need to know which Contracts for Difference market is best to trade then consider the following questions to narrow down the perfect CFD markets for you. Are you looking for cheap brokerage? If you can think of better ways to spend your money than on brokerage then you may want to consider trading CFD products like indices, sectors, foreign exchange (Forex) or commodity CFDs as most CFD brokers have zero commissions of these products.

How Can I Make Money Day Trading? – Tips From the Pros Revealed!

There is excellent money to be made in day trading, but, unlike what some may think, it is not a simple job. To be successful, you’ll need to put in some work.

Set Up a Hedgefund – Things to Consider Before You Start

The technicalities of setting up a hedgefund are quite easy to understand and complete. The most difficult part is raising investment capital. Without wealthy investors, a hedgefund doesn’t make any sense.

Commodity Hedge Fund – Make High Returns Investing in Commodity Hedge Funds

Commodity hedge funds have become very popular. While in the past, it was impossible to enter the commodity markets without a deep knowledge of commodities, investors can now make high returns by investing in a hedge fund that specializes in commodities such as iron ore, crude oil, coal, ethanol, aluminum, copper, gold and silver…

Simple and Exponential Moving-Averages

Day trading and swing trading with the assistance of moving averages is a very popular strategy. Learning how to use them and when to use them in your everyday trading will be extremely beneficial to you as a trader. One of the reasons moving averages are so popular amongst traders is that they really do work well and there are several variations available for moving averages that will certainly compliment your personal trading style and strategy.

Trend Following Traders Enjoy Huge Returns in 2008

Commodity futures traders who utilize trend following strategies scored big gains in 2008 as a result of huge trends in energy and currency markets. After a few years of under performance, it is clear that trend following continues to be a viable strategy.

Swing Trading Or Day Trading – Which Style Fits Your Risk Tolerance

When approaching the financial market as a vehicle to attain short term income and profits, a trader must first look inward and establish their risk and tolerance levels. A very large part of trading has nothing to do with the financial markets but more with the personality of the trader himself and their ability to deal with losing trades.

The Patient Trader is the One That Enjoys All the Perks

Patience is a virtue. This article lists some of quotes on the importance of patience in trading.

Why is the Data From My CFD Broker Different to My Normal End of Day Charts?

Accurate CFD data is absolutely critical to your long term trading Success so make sure you are using the right data supplier. If you are relying on End of Day or Intra-day data from your CFD broker then you are probably on the wrong side constantly. Discover why you need a proper End of Day software package plus data supply that is separate from your Market Maker CFD broker.

You May Also Like