- Ripple’s XRP Ledger achieves a 3.6-second transaction speed.
- ETH denies Merge’s PoS performance boost, and Cardano’s 20-second transaction time.
- XRPL offers superior scalability with 300-500 TPS handling.
With a transaction speed of just 3.6 seconds, Ripple’s XRP Ledger (XRPL), which is the fastest of all four networks, has emerged as one of the ecosystem’s most scalable blockchains.
While Ethereum is faster than BTC, Bitcoin moves at a slower rate of a few minutes to an hour. Although still slower than XRPL, the Proof-of-Stake (PoS) network has a slower speed of 15 to 5 minutes per transaction.
XRP
The development team behind ETH denied allegations that The Merge, a switch from Proof-of-Work to PoS, would increase the performance of the ETH network. Although Cardano has the fastest speed of the four networks, transactions still take an average of 20 seconds.
BTC has the highest transaction costs of the four networks, with an average fee of $0.8073. The Merge was essential in bringing down the transaction cost on the ETH blockchain from a few cents to about $0.47.
While Cardano’s transaction cost typically depends on transaction and protocol factors and ranges from $0.15 to $0.19, XRPL has a competitive average transaction cost of $0.0004.
Only 300 to 500 Transactions Per Second (TPS) are handled by XRPL, demonstrating its superior scalability in comparison to other networks.
While Ethereum founder Vitalik Buterin asserted that the network could handle approximately 100,000 TPS after the switch, Bitcoin only processes seven transactions per second. With an average TPS of 250, Cardano is performing better than all the other coins excluding XRPL.
Core developer Mattias “KtorZ” Ben immediately refuted rumors that Cardano’s scalability will increase to about 1 million users.
