Hey Guys, I just wanted to quickly bring something to your at | Coin Bureau Insider

Hey Guys,

I just wanted to quickly bring something to your attention. I am about to do a video on the fastest cryptocurrencies in the space and as part of that research, I have been studying project's TPS claims

You need to take these numbers with a pinch of salt when analysing different projects.

Firstly, if the project that is touting these claims is still in Testnet, you should make that a truckload of salt. That is because testnets are generally quite centralised and its extremely hard to replicate real world decentralised conditions in it.

So, that's important for you to consider when brand new projects start throwing these numbers around.

However, the more fundamental fact that is that there is a distinct difference between theoretical transactions per second and transaction finality.

Allow me to explain...

Transactions per second is just a metric which can give us an idea of how many transactions can be propagated in a blockchain within a certain period of time.

However, if those transactions take ages to fully confirm and reach "finality" stage, then the TPS metrics are irrelevant. The reason that you could have this dichotomy between high TPS numbers and slow finality comes down to the security of the blockchain.

At the end of the day, exchanges, merchants, and users are only going to fully accept a transaction if they are certain that it has been fully received. That means they are going to want to make certain that said transactions cannot be reversed.

If there is a chance that these can be reversed, then these participants are going to demand a high number of block confirmations before acknowledging receipt. This of course adds time to a transaction.

For example, although Ethereum classic has a similar TPS level as Ethereum, exchanges like Kraken requires 40k confirms to credit balances. That is just because they are so concerned about double spend attacks. Of course, these confirms take ages and therefore mean that the TPS metrics are near meaningless for speed.

There are a number of other projects that have similar contradictions when it comes to TPS & speed - which I will be covering in the vid.

I will also be looking at some of those projects with the most potential based on their transaction speed.

It's going to be a good one, so keep your eyes peeled on the tube