Transactions Per Second (TPS)
By Cryptomcmillan1 | Updated on Aug 12, 2021
It is number of transactions done per second. For example, there are 10 transactions of Bitcoin done in 1-minute. The TPS would be 10 transactions/60 seconds = ~0.17 TPS.
Related Terms
Market Maker
Participant of the market who creates buy and orders
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
Ethereum Virtual Machine (EVM)
Ethereum Virtual Machine (EVM) is the environment in which all smart contracts are executed.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.