Which blockchains are the fastest?

[Manna]

I think that these networks must be tested before we can say that they are the fastest. If the block size is large and each block is mined after about 3 seconds, the blockchain will be the fastest, but in terms of security, you need more than one confirmation to say that your transaction is safe.
Therefore, the term "fastest" must take into account the block size, network congestion, and the number of confirmations necessary to say that a transaction is secure.

You have spoken well, I was surprised to this ranking because the last time when I was trying to use Solana the network was congested and that lasted for about 3-4 months and here a network that was congested for all those months is the number one in the list. And I also made research on the fastest Blockchain and the op is right. I will not dispute about the fact on bitcoin because bitcoin network is not fast. And the position with Ethereum is good. I think this can also make the developers of bitcoin to sit up and clean up their blockchain so that the network will fast. We have to test the network as users so we can know which one is the fastest. +karma.

Your observations are correct.  Blockchain performance and speed can be affected in various ways, such as by network congestion, transaction numbers, and scalability solutions. As Solana claims a high speed, network congestion can hinder its performance.  As for the Bitcoin network, it is limited in terms of processing speed, as it mainly focuses on security and stability. Ethereum itself is adopting various updates and scalability solutions to reduce transaction speed and fees. By testing the networks and monitoring their performance in real time, you can more  Understand well which one is best according to your requirements.  Primarily, it depends on the users' experience, and each blockchain has its own advantages and limitations.

[Agbe]

Your observations are correct.  Blockchain performance and speed can be affected in various ways, such as by network congestion, transaction numbers, and scalability solutions. As Solana claims a high speed, network congestion can hinder its performance.  As for the Bitcoin network, it is limited in terms of processing speed, as it mainly focuses on security and stability. Ethereum itself is adopting various updates and scalability solutions to reduce transaction speed and fees. By testing the networks and monitoring their performance in real time, you can more  Understand well which one is best according to your requirements.  Primarily, it depends on the users' experience, and each blockchain has its own advantages and limitations.

As it is I only know of Bitcoin as the most fastest and cheapest blockchain in the cryptocurrency space. I made a transaction in bitcoin blockchain with 3 sat/vb and the transaction fee was (0.83). TON which was free for transaction in exchanges now charges $1 though TON network is fast but, but as Bitcoin for now. As for the Ethereum and Solana since their networks were messed up, I abandoned them so I don't know their latest transaction speed and fees.

[Bobcrypto]

Your observations are correct.  Blockchain performance and speed can be affected in various ways, such as by network congestion, transaction numbers, and scalability solutions. As Solana claims a high speed, network congestion can hinder its performance.  As for the Bitcoin network, it is limited in terms of processing speed, as it mainly focuses on security and stability. Ethereum itself is adopting various updates and scalability solutions to reduce transaction speed and fees. By testing the networks and monitoring their performance in real time, you can more  Understand well which one is best according to your requirements.  Primarily, it depends on the users' experience, and each blockchain has its own advantages and limitations.

As it is I only know of Bitcoin as the most fastest and cheapest blockchain in the cryptocurrency space. I made a transaction in bitcoin blockchain with 3 sat/vb and the transaction fee was (0.83). TON which was free for transaction in exchanges now charges $1 though TON network is fast but, but as Bitcoin for now. As for the Ethereum and Solana since their networks were messed up, I abandoned them so I don't know their latest transaction speed and fees.

If you remember vividly, Solana network which some people feel is the fastest network and scalability solution blockchain network has experience down time(system crash)  unfortunately, many users were stranded.for hours. I think the whole issue of fastest transactions blockchain networks depends on the number of users at any point, when is influs of huge crowds of users at certain point, the system may be unable to function properly and could result in system brake down.
In my opinion, Speed, scalability, and other transactions features depends mainly on the number of users.

[bitmover]

If you remember vividly, Solana network which some people feel is the fastest network and scalability solution blockchain network has experience down time(system crash)  unfortunately, many users were stranded.for hours. I think the whole issue of fastest transactions blockchain networks depends on the number of users at any point, when is influs of huge crowds of users at certain point, the system may be unable to function properly and could result in system brake down.
In my opinion, Speed, scalability, and other transactions features depends mainly on the number of users.

I also had bad experiences with solana.

I made some transactions which simple didn't go through.  I had to make them again.

This never happened with bitcoin or ethereum for example.

I don't think solana is "the" solution for this problem...

[examplens]

If you remember vividly, Solana network which some people feel is the fastest network and scalability solution blockchain network has experience down time(system crash)  unfortunately, many users were stranded.for hours. I think the whole issue of fastest transactions blockchain networks depends on the number of users at any point, when is influs of huge crowds of users at certain point, the system may be unable to function properly and could result in system brake down.
In my opinion, Speed, scalability, and other transactions features depends mainly on the number of users.

I also had bad experiences with solana.

I made some transactions which simple didn't go through.  I had to make them again.

I haven't used Solana, is that really true?
How the hell did it even become so popular if it's an unstable network

[bitmover]

I haven't used Solana, is that really true?
How the hell did it even become so popular if it's an unstable network

Yeah, just google about it and you will see:

https://coinmarketcap.com/academy/article/solana-network-faces-high-failure-rate-in-transactions-amid-memecoin-mania

The Solana network is grappling with a significant failure rate in its transactions, with approximately 75% of non-vote transactions failing, according to Dune Analytics.

And more here
https://m.theblockbeats.info/en/news/52835

It is popular because it is fast and cheap, and it hosts lots of memecoins which are popular ....

I don't see much future in it. I don't hold it in my portfolio

[dkbit98]

I haven't used Solana, is that really true?
How the hell did it even become so popular if it's an unstable network

With lots of money you can make even shit popular.
Always remember that ex FTX owner S(c)am Bankman was the main guy who was behind Solana...
It's interesting that he donated a bunch of money to Biden campaign, and I wouldn't be surprised if many charges against him get dropped.

[milewilda]

If you remember vividly, Solana network which some people feel is the fastest network and scalability solution blockchain network has experience down time(system crash)  unfortunately, many users were stranded.for hours. I think the whole issue of fastest transactions blockchain networks depends on the number of users at any point, when is influs of huge crowds of users at certain point, the system may be unable to function properly and could result in system brake down.
In my opinion, Speed, scalability, and other transactions features depends mainly on the number of users.

I also had bad experiences with solana.

I made some transactions which simple didn't go through.  I had to make them again.

I haven't used Solana, is that really true?
How the hell did it even become so popular if it's an unstable network

So far i dont have dropped transactions on SOL network and cant really be able to deny that this is indeed the fastest and also cheapest i must say. Im not really that updated whether
there are new coins who do surpasses out SOL on the top spot but its really that good to see that there are indeed chains that having that fast TPS and also cheap.
This is one of the reasons too on why i do have a bag with SOL and of course ETH despite of high gas fees. 

[Themepen]

I think that these networks must be tested before we can say that they are the fastest. If the block size is large and each block is mined after about 3 seconds, the blockchain will be the fastest, but in terms of security, you need more than one confirmation to say that your transaction is safe.
Therefore, the term "fastest" must take into account the block size, network congestion, and the number of confirmations necessary to say that a transaction is secure.

You have spoken well, I was surprised to this ranking because the last time when I was trying to use Solana the network was congested and that lasted for about 3-4 months and here a network that was congested for all those months is the number one in the list. And I also made research on the fastest Blockchain and the op is right. I will not dispute about the fact on bitcoin because bitcoin network is not fast. And the position with Ethereum is good. I think this can also make the developers of bitcoin to sit up and clean up their blockchain so that the network will fast. We have to test the network as users so we can know which one is the fastest. +karma.

Your observations are correct.  Blockchain performance and speed can be affected in various ways, such as by network congestion, transaction numbers, and scalability solutions. As Solana claims a high speed, network congestion can hinder its performance.  As for the Bitcoin network, it is limited in terms of processing speed, as it mainly focuses on security and stability. Ethereum itself is adopting various updates and scalability solutions to reduce transaction speed and fees. By testing the networks and monitoring their performance in real time, you can more  Understand well which one is best according to your requirements.  Primarily, it depends on the users' experience, and each blockchain has its own advantages and limitations.

I think you are right that blockchain speed and performance can be affected by many things like network congestion.. number of transactions and scalability solutions. Solana says it is fast but congestion can still slow it down. Bitcoin prioritizes security and stability over speed while Ethereum is working to improve its speed and fees.

It is important to try out networks and see how they work in real time to find best one for your needs. Choice depends on what each user wants and needs. Each blockchain has good and bad points and understanding these is good for making smart decisions. By knowing what each network can and can not do users can make most of blockchain technology.

[Mia Chloe]

As it is I only know of Bitcoin as the most fastest and cheapest blockchain in the cryptocurrency space. I made a transaction in bitcoin blockchain with 3 sat/vb and the transaction fee was (0.83). TON which was free for transaction in exchanges now charges $1 though TON network is fast but, but as Bitcoin for now. As for the Ethereum and Solana since their networks were messed up, I abandoned them so I don't know their latest transaction speed and fees.

Bitcoin transactions are fast like really fast but the problem is we hardly make use of high fees. Bitcoin is decentralised and gives bitcoiners the opportunity to adjust the fees to their preferences and that is one key thing almost all altcoins lack. Take a network like Ethereum for example. Their confirmations come in in no time at the deetriment of you paying a very high fee. Same thing with many altcoins. Their fees are way too big and you can't adjust many of them like you can with bitcoin that's why it seems like they are faster.

[bitterguy28]

Bitcoin transactions are fast like really fast but the problem is we hardly make use of high fees. Bitcoin is decentralised and gives bitcoiners the opportunity to adjust the fees to their preferences and that is one key thing almost all altcoins lack.

i don’t think it’s the users that don’t want to make use or take advantage of the high fees but it’s more of that they can’t i mean who wants to be paying such high fees if you are just going to send a few satoshis or bitcoin anyway? however bitcoin is definitely one of the trusted blockchains out there that even if the transaction time is usually not the fastest it is still the most sought out

and besides bitcoin transactions are way faster than of centralized banks and etc

[ABCbits]

As it is I only know of Bitcoin as the most fastest and cheapest blockchain in the cryptocurrency space. I made a transaction in bitcoin blockchain with 3 sat/vb and the transaction fee was (0.83). TON which was free for transaction in exchanges now charges $1 though TON network is fast but, but as Bitcoin for now. As for the Ethereum and Solana since their networks were messed up, I abandoned them so I don't know their latest transaction speed and fees.

Bitcoin transactions are fast like really fast but the problem is we hardly make use of high fees. Bitcoin is decentralised and gives bitcoiners the opportunity to adjust the fees to their preferences and that is one key thing almost all altcoins lack. Take a network like Ethereum for example. Their confirmations come in in no time at the deetriment of you paying a very high fee. Same thing with many altcoins. Their fees are way too big and you can't adjust many of them like you can with bitcoin that's why it seems like they are faster.

Using ETH isn't best example, since currently https://etherscan.io/gastracker suggest 3.47 gwei or about $0.18 for high priority when sending ETH. And the fact you can't adjust fee on those altcoin usually is due crappy wallet which doesn't let you choose fee priority or adjust fee rate manually.

[NotATether]

I also had bad experiences with solana.

I made some transactions which simple didn't go through.  I had to make them again.

This never happened with bitcoin or ethereum for example.

I don't think solana is "the" solution for this problem...

That's even worse than e.g. an Ethereum transaction for a smart contract failing because "not enough gas"!

I wonder if this is a common occurrence in the Solana community.

Anyway, speed of a blockchain is pretty much meaningless if there are not even enough meaningful transactions (i.e. from individuals) to justify the speed capacity. It simply means there is not enough demand for it.

[bitmover]

That's even worse than e.g. an Ethereum transaction for a smart contract failing because "not enough gas"!

I wonder if this is a common occurrence in the Solana community.

It is common, and this is much worse than not enough gas.

I made the transaction and saw a message "waiting for confirmation ". It looked OK for me  and I closed the computer.

A few hours later the transaction simple vanished. Nowhere to be found.

Wierd bug! No wonder why solana price was nearly zero a few months ago

[philipma1957]

Litecoin and Dogecoin not even making the list is madness. Particularly Dogecoin. Aren't these coins using a much lower PoW block generation time?

Litecoin has a 2.5 minutes blocktime.
While dogecoin has a 1 minute blocktime.

Those coins has faster blocktimes, but this is just a design decision, just a different parameter in the code. Which has pros and cons.

They are faster , but they do not have superior technology compared to bitcoin

yeah 12.5 blocks to 1 block is not superior.

gaslighting at its best bro.