Which blockchains are the fastest?

[bitmover]

For some time I was involved in staking and masternodes. It was a profit game only for coin creators and early birds (which were always the coin team).
The value of staking rewards is always in constant decline, most often due to the decline in the value of the coin. Later, everything boils down to the fact that reinvesting staking rewards leads to the promised profit, at least at that moment. In the end, you will be happy if you manage to get back 50% of the investment.

The problem with those shit coins is that they may explode in price if you get in early. If not, you will be losing your money....

Too many ponzi schemes.

I am trying to make some money in DOG and PENDLE rightnot, but I will try to get out quick and convert them back to BTC

[Crwth]

It's pretty important IMO. The speed is important because many of us want to have it right away. With everything that has been developed, it's mostly like people want instant gratification for something. It's just how it is now. SOL has definitely made a lot of people rich in a way that is not so much expected like memes but it's because it's fast and reliable (if there's no black out)

[bitmover]

It's pretty important IMO. The speed is important because many of us want to have it right away. With everything that has been developed, it's mostly like people want instant gratification for something. It's just how it is now. SOL has definitely made a lot of people rich in a way that is not so much expected like memes but it's because it's fast and reliable (if there's no black out)

I wouldn't say SOL is reliable. I have seen some transactions of mine just fail, and I got no message about it and had to make another one again...

It is more centralized than ethereum.. I don't think that will stay in the top in the long run. But that is just my opinion.  I decided to stay out of it.

[Stompix]

SOL has definitely made a lot of people rich in a way that is not so much expected like memes but it's because it's fast and reliable (if there's no black out)

Neah, it's not the actual speed of transactions that has made those people rich is the hype around the speed.
Your average Joe won't be interested in confirmation of 10 seconds or 30 seconds when sending money, when paying for something online the times in seconds become quite irrelevant if you don't go to extreme like waiting for 20 minutes,  and if we talk about purchasing in real life store....which store accepts solana?

The price right now is more because of the Bitcoin hype and the hype of what could be next for SOL, less on the actual capabilities and usage.
Cardano rode the same wave and then it was left with no wind in its sails.

[bitmover]

The price right now is more because of the Bitcoin hype and the hype of what could be next for SOL, less on the actual capabilities and usage.
Cardano rode the same wave and then it was left with no wind in its sails.

I think the price right now is basically because bitcoin proved itself as a very successful store of value, a hedge against inflation caused by irresponsible governments.

When buying something online, 10 minutes or even 30 minutes is quite fast. You could even wait hours when buying soimething in amazon.

Only when you are face to face with a merchant that a really fast transaction (<1minute) is useful

[dkbit98]

If people want super fast speed for transactions they should not expect to have any real decentralization in this process.
Using altcoins like solana is no better than using any centralized way of sending money, and there is a good chance solana will break again.
Fastest ranking coin also have the biggest failure of all coins, that tells you something, fast is not always the best   

[KingsDen]

Interestingly, Bitcoin is only on the 20th place

I'm not surprised to see bitcoin there. Infact out dear Bitcoin has tried despite the release of many altcoins with bogus promises.
I expected to see the XRP ledger, why was it not captured here. Has anything changed?

[libert19]

If people want super fast speed for transactions they should not expect to have any real decentralization in this process.
Using altcoins like solana is no better than using any centralized way of sending money, and there is a good chance solana will break again.
Fastest ranking coin also have the biggest failure of all coins, that tells you something, fast is not always the best   

If a person wants to make a quick transfer in a cost-efficient way, I'm sure they would choose altcoin over Bitcoin, and I'm sure normal folk could care about decentralization.

[bitmover]

Interestingly, Bitcoin is only on the 20th place

I'm not surprised to see bitcoin there. Infact out dear Bitcoin has tried despite the release of many altcoins with bogus promises.
I expected to see the XRP ledger, why was it not captured here. Has anything changed?

I am missing Litecoin and Doge as well. Ltc and doge amazing for a quick transfer between exchanges. They are cheap and fast.

I see many unknown alrcoins, but missing important ones in this chart.

[albon]

Cryptocurrency capacity and transaction speed are really important. If cryptocurrencies are going to compete directly with payment services, transaction speed and capacity should at least match their competitors. I do not come directly to any particular project however. During a successful live streamed stress test, the TON blockchain proved that it is the world's fastest and most scalable public blockchain. I think the fastest term should be block size, network congestion, and adequate security rules for your translation.

[bitmover]

Cryptocurrency capacity and transaction speed are really important. If cryptocurrencies are going to compete directly with payment services, transaction speed and capacity should at least match their competitors.

I don't think they should compete with payment services. At least not bitcoin.

If you don't need decentralization neither censorship resistance, or borderless and permitionless transactions, just use visa.

Visa is faster and cheaper than any of those altcoins

[dkbit98]

Cryptocurrency capacity and transaction speed are really important. If cryptocurrencies are going to compete directly with payment services, transaction speed and capacity should at least match their competitors. I do not come directly to any particular project however. During a successful live streamed stress test, the TON blockchain proved that it is the world's fastest and most scalable public blockchain. I think the fastest term should be block size, network congestion, and adequate security rules for your translation.

You can't have super fast transaction speed and real decentralization with anything, so something needs to be sacrificed for this to work.
Solana and other crap like that have proven many times how they are fast to stop working, and they are totally centralized and controlled from one source.
There is zero value in speed if you can shut down the whole network that easy.

[bitterguy28]

Interestingly, Bitcoin is only on the 20th place

nothing much interesting as i did not really expect bitcoin to be anywhere higher than top 10 bitcoin not being the fastest does not mean it is not the one i trust the most there are other considerations in terms of security and/or privacy which can make a blockchain more preferable for an individual

What do you think, how important is speed and what does it mean for the future of each blockchain?

like i said i do not think it is nor it should be the standard of what is the best blockchain however since we are aiming to have crypto mass adapted speed of transaction is definitely one of the priorities

i am sure that someday we will see a secure and at the same time, fast blockchain

[bitmover]

i am sure that someday we will see a secure and at the same time, fast blockchain

There are some already.
Like litecoin , monero, and even ethereum (fast but expensive).

The problem is that the performance of those coins is very poor compared to btc, so it is not worth holding them

[Baofeng]

i am sure that someday we will see a secure and at the same time, fast blockchain

There are some already.
Like litecoin , monero, and even ethereum (fast but expensive).

The problem is that the performance of those coins is very poor compared to btc, so it is not worth holding them

True, it terms of price action and how it goes up in the bull run or the support of the community, definitely, I will take Bitcoin anytime of the day. Nevertheless altcoin has it uses as well.

It might have been that some of us have used it when the transaction fees of Bitcoin is so very high late and early of this year.