Transactions per second (TPS)

By Cryptomcmillan1 | Updated on May 24, 2020

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.

Share this with a friend!

Related Terms

Smart contracts

Self executing contracts on the blockchain without needing human executors or notary.

KYC (Know Your Costumer)

KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.

Graphical Processing Unit (GPU)

They are chips dedicated to graphics processing or floating point operations, allowing to lighten the workload of the processors during applications usage such as video games.

Ethereum Virtual Machine (EVM)

Ethereum Virtual Machine (EVM) is the environment in which all smart contracts are executed.

Hungry for more knowledge?

Back to Glossary or Subscribe to our newsletter.