CODEWITHSUNDEEP
blockchainethereum
Tahseen
Tahseen

Reputation: 1218

Ethereum - In regard to its TPS

I want to use Ethereum as private chain in a network. But as it would inside a transactional system, performance required is good. Ethereum on the other hand is said to have 15 TPS

What does 15 TPS mean ? That is not a practical performance if I try to use it for payment settlement in a private network

There would be probably 5000 - 6000 transactions per second and later more

How can I then use Ethereum for such a situation ?

Upvotes: 0

Views: 1787

Answers (1)

sameepsi
sameepsi

Reputation: 307

15TPS means that at any given second only 15 transaction can be processed by the network not more than that. These transaction can be simple value transfer or any smart contract transaction.

Yes I understand that 15TPS is very low, which makes Ethereum or any other major blockchain implementations to be not very scalable.
But please keep in mind that the Ethereum foundation is actively working to solve this problem this problem by sharded blockchain and other techniques.
So you can assume that in near future the TPS for Ethereum will be around 10000, which is good enough.
But if you want any immediate blockchain which provides such transaction capacities, than you have to look beyond Ethereum.

Upvotes: 2

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