Is UTN going to have the fastest transaction speed in the Cryptocurrency world?
UTN claims it allows enormous potential for scalability performing more than 20’000 transactions per second that is thousands times more transactions than Bitcoin. Does it means it will have the fastest transaction speed in the Cryptocurrency world?
Bellow is the comparison of the transaction speeds of some of the largest cryptocurrencies by market-cap relative to Visa and PayPal. Each payment network is ranked largest-to-smallest based on the size of their balloon, which equates to the number of transactions per second. The larger the balloon, the more transactions their payment network can process per second. This allows for a clear and concise visual to show once and for all how some of the most popular crytpocurrencies stack up to more traditional payment methods.
(ref: https://howmuch.net/articles/crypto-transaction-speeds-compared)
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Hey @let-it-fly, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! :)
thanks for your quick comment, let's see whether the UTN full node is that fast or not.