COMPARE THE TRANSACTION SPEED OF VISA WITH THAT’S CRYPTOCURRENCY

Currently, the transaction speed in the Blockchain network is relatively low compared to other forms of financial transactions.

Among coins compared, Bitshare is “the fastest” coin, with 3300 transactions per second and only takes 2 seconds to confirm a transaction. However, if it is compared to the transaction speed of VISA, it is still 7 times slower. In the history of block size and transaction speed too slow of Bitcoin (7 tps) led to the split of Bitcoin into Bitcoin and Bitcoincash.

The slow speed is also one of the great obstacles to Dapps applications come into real life.

However, among the cryptocurrencies compared, there are two new names: Tomochain (1000 tps) and Gochain (1300 tps). This shows that recently developing platforms are paying close attention to speeding up transactions. The problem of transaction speed seems to be solved by new platforms.
Newly crypto industry is very young (10 years) compared to VISA (nearly 60 years from 1958). With the current pace of development, in 60 years, even the transaction speed on Blockchain network far exceeds VISA and Paypal.

Investors who invest in ICOs, in addition to understanding the concept of the project, should also be aware of the platform that ICO is running on, which can meet the transaction speed of the system, project or not.

By @Coin98
🇻🇳https://t.me/coin98vi
🇬🇧https://t.me/coin98
🇧🇬https://t.me/coin98ru
🇨🇳https://t.me/coin98cn
🇰🇷https://t.me/coin98kr