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When discussing blockchain performance, understanding what TPS means is unavoidable. Transactions Per Second (TPS) is the most fundamental metric for measuring how efficiently a network operates. In today's digitalized IT environment, where speed determines competitiveness, this figure is becoming increasingly important.
Considering the standards of traditional payment systems, VISA can process 1,500 to 2,000 transactions per second. This has become an industry benchmark, but in the early stages of blockchain technology, these targets were far out of reach. Bitcoin handles about 5 TPS, and Ethereum around 10 TPS. Due to the decentralized nature, processing speed is sacrificed, but security and transparency are ensured. This trade-off is an inherent challenge in blockchain design.
However, recent years have seen remarkable advancements in blockchain technology. Hedera currently supports 1,909 TPS, with a maximum of 3,287 TPS. Solana reaches 777 TPS with a maximum of 1,624 TPS. TRON handles 91.27 TPS but can go up to 236 TPS. opBNB currently operates at 57.4 TPS but boasts an astonishing scalability of up to 4,762 TPS. BNB Chain has also demonstrated 52.5 TPS.
Why is this important? High TPS significantly impacts the practicality of applications requiring real-time processing, such as DeFi, gaming, NFTs, and online marketplaces. From a user perspective, the slower the transactions, the more noticeable the difference compared to traditional centralized services. For widespread adoption of Web3 projects, improving user experience is essential.
Methods to improve TPS include optimizing block size, strengthening consensus algorithms, and implementing off-chain solutions. However, these measures often involve balancing decentralization and security. Pursuing speed alone could compromise the network’s fundamental value.
As IT technology advances, so does blockchain. The key moving forward is how to balance high transaction speeds with robust security and extensive decentralization. Progress in TPS is not just about performance enhancement; it is a crucial step toward opening the path to the Web3 era.