Crypto Alphabet

What is TPS (transactions per second) in cryptocurrencies?

In a very generic sense, the term transactions per second (TPS) refers to the number of atomic actions performed by certain entity per second. In a more restricted view, the term is usually used by DBMS vendor and user community to refer to the number of database transactions performed per second.

When it comes to trading cryptocurrencies, this term refers to the number of cryptocurrency transactions made by the network per second.

  • Monero (XMR) can manage 1 000 transactions per second with modern hardware and sufficient bandwidth availability;
  • Ripple (XRP): 1500 transactions per second;
  • NEM (XEM): 4000 transactions per second;
  • Nano (NANO): 7 000 transactions per second;
  • Vechain (VEN): 10 000 transactions per second;
  • CREDITS (CS) showed a speed of 488 403 transactions per second during the testing in March this year;
  • EOS (EOS) are claiming that they can easily compute millions of transactions per second because of their implementation of DPOS (Delegated Proof of Stake) consensus mechanism.