Opinion: Developers like to brag about transactions per second, but TPS isn't enough to guarantee that networks operate efficiently.
Throughput isn’t the only gauge of blockchain performance, of course: Latency refers to how quickly a transaction can get confirmed after it is submitted. This, too, has its own unit of measurement — namely, block time and time to finality .
Although throughput is seen as the big-ticket number, users actually care more about latency — how quickly their transactions execute — and how much they have to pay in transaction fees. Like throughput, latency is complex, as it varies according to numerous factors, including transaction fees , system demand and batching rules.
If it isn’t already obvious, this process calls for an entirely new method of measurement — one that does not account for non-transactional databy consumer insights agency Dragonfly, a perfect benchmark to assess throughput is to fill an entire block with Uniswap v2-style trades and assess how many trades actually clear per second. The effect is to produce a simple apples-to-apples comparison of Ethereum Virtual Machine blockchains, more so than any TPS measurement could attain.
Based on the findings of Dragonfly, not to mention the EOS Network Foundation’s similar benchmarking for the EOS EVM, blockchains have a long way to go before they’re ready for mainstream adoption.is the co-founder and chief communications officer of the EOS Network Foundation. He previously co-founded Dappiness Development Studio and worked as the head of community and developer relations for LiquidApps.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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