Basics of Tron (Part 27) : Five reasons why Tron is the best (Part 2: Transection Speed)
In the last post I talked about a very unique feature of Tron i.e. Delegated Proof of Stake mechanism through which basically electrical energy consumption can be prevented and everyone can be a part of the mining system. Today I am discussing the transaction speed feature of Tron Blockchain.
Basically, we know that the tokens of a blockchain-based system have the possibility of reducing the fee as the first transaction can be done. One of the main problems with the Bitcoin blockchain is that a block is produced every 10 minutes and the block size is limited to 1 MB. This results in a total of maybe 5-7 transactions being executed per second. Since it is the leading blockchain and listed on various exchanges and has a large number of users around the world, it is very difficult to actually operate with so few transactions per second. And because of these reasons, you have to wait and the transaction fee increases a lot.
The transaction speed of the Ethereum network is slightly higher than that of Bitcoin. But that is not enough. Only 25 transactions can be executed per second on the Ethereum network. This is actually not a very high speed for the leading network as there are users and transactions in these currencies all over the world. Gas fees go up a lot.
Tron is quite different in this regard. Tron block chain can execute 2000 transactions per second which is very fast we can say. And because of this fast transaction speed, it is a very fast and lightweight blockchain. This feature will have a very positive impact in the coming days. This speed of transaction is the main reason why the fees are so low. This massively faster rate of transactions than the leading two blockchains has largely helped it to be considered a very unique blockchain, and users have begun to adopt it more easily.
At a time when blockchain technology will become more popular, various companies, organizations will launch personal websites, systems and side chains using this blockchain technology. Various organizations and individual activities from different parts of the world will be conducted under these blockchains when the blockchain technology will be widely adapted around the world. And such a slow speed of transactions at that time will essentially set many blockchains back from Tron. So I think this is a very important and unique feature for Tron Blockchain that will only move Tron Blockchain forward.
In the next episode, I will discuss with you another unique feature of Tron Blockchain. So far today. Thank you
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