Ethereum

Solana

Bitcoin

Toncoin

<p class="is-style-lead">The TON team conducted public testing of the blockchain speed. </p> 
<p>The developers&nbsp;reported that during the 12 minutes of the experiment, about 42m transactions were carried out, and the maximum speed was 108,409 transactions per second (TPS).</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="World's Fastest Blockchain - TON Record Attempt" width="1020" height="574" src="https://www.youtube.com/embed/jWWl1sLGY7s?start=1119&amp;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<p>In 11 minutes, 43,012,970 transactions were reportedly sent on the test network of 256 validators.</p> 
<p>The maximum transaction speed per second is 108,409 (TPS), which is a record among all currently existing blockchains in the world. For example, this figure for Bitcoin is 5-7 TPS, for Ethereum – 15 TPS, Solana – 65,000 TPS (the previous record holder).</p> 
<p>TON now claims to be <a href="https://crypto.news/the-open-network-ton-aspires-to-be-the-fastest-blockchain-globally/">the fastest blockchain</a> in the world, completing 104,715 transactions per second.</p> 
<p>At the time of writing, the Toncoin (TON) is trading near $2.18, gaining 3.14%.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="661" src="https://crypto.news/app/uploads/2023/11/Screenshot-2023-11-01-at-09.21.07-1024x661.png" alt="TON hits world record for blockchain speed - 17" class="wp-image-14210829">
 <figcaption class="wp-element-caption">
  Source: <a href="https://coinmarketcap.com/currencies/toncoin/" target="_blank" rel="noopener">CoinMarketCap</a>
 </figcaption>
</figure> 
<p>In September, the appearance of the TON wallet in the Telegram messenger <a href="https://crypto.news/toncoin-price-hikes-by-13-amid-telegram-support/">contributed</a> to the growth of quotes for the Toncoin cryptocurrency. It came close to the $3 mark and entered the top ten digital assets with the largest market capitalization, ahead of Solana in this indicator.</p> 
<p>All Telegram Wallet users can get access to TON Space. Telegram Wallet is a bot that allows users to buy and sell cryptocurrencies, including bitcoins. From November, all Telegram users around the world will be able to access a self-storage wallet, with the exception of the USA and a number of other countries.</p> 
<p> You might also like: <a href="https://crypto.news/ton-what-you-should-know-about-blockchain-by-telegram-team/"> TON: What you should know about blockchain by Telegram team </a> </p>

TON hits world record for blockchain speed

crypto.news

Other articles published on Nov 1, 2023

Hackers hijack Frax Finance DNS domain

SEC Files Lawsuit Against Crypto Project SafeMoon and Its Team: All the Details!

Bitcoin options market expands, overtakes futures open interest

Figure Announces Its Newest Lending-as-a-Service Offering

Ethereum Has Over 10x Full-Time Developers Than Cardano: Will ADA Ever Catch Up?

The Myria NFT Market Masters Competition Begins!

Join our free newsletter for daily crypto updates!