Blockchains Outpace Nasdaq in Transaction Speed, Exceeding 3,400 TPS

Recent data shows blockchain networks now process over 3,400 transactions per second, surpassing Nasdaq’s approximate 2,400 TPS capacity.

Summary

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Terms & Concepts
  • Transactions Per Second (TPS): A measure of how many individual transactions a system can process each second, commonly used to evaluate speed and scalability of blockchains.
  • Blockchain Network: A decentralized digital ledger technology that records transactions across multiple computers, ensuring transparency and security.
  • Nasdaq: An American stock exchange known for its electronic trading platform, traditionally handling large volumes of financial transactions.