KYRENIA, CYPRUS – NOVEMBER 8, 2018: Ripple ( XRP ) website on the smartphone display. Ripple is cryptocurrency and remittance network.
- XRP is positioned to handle 3,400 transactions every second, leading to 293 million per day.
- Experts note that this impressive number is theoretical and, in practical scenarios, the speed might vary.
Drawing from a tweet by Alex Cobb, XRP demonstrates an astounding ability to manage 3,400 transactions each second. This translates to 204,000 transactions a minute and a jaw-dropping 12.24 million transactions hourly. Within a 24-hour span, this culminates in an outstanding 293 million transactions. Referring back to the tweet by Alex Cobb, he emphasizes,
XRP can handle 3,400 Transactions per second
That’s:
204,000 per minute
12.24 Million per hour
293 Million per dayXRP is truly designed to be a global utility asset for banks all around the🌎
— Alex Cobb (@AlexCobb_) October 3, 2023
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These impressive statistics are not just numbers but underscore XRP’s potential as a significant utility asset for the worldwide banking domain. With such potential, financial institutions might see XRP as a promising choice when they consider integrating blockchain technology into their operations. The transactional prowess of XRP has even humorously been compared to legendary sprinter Usain Bolt in the community.
The Real-world XRP Performance Debate
However, not everyone agrees with the sheer scalability highlighted. Daniel Keller, an XRPL ambassador and CTO at Eminence, provides a contrasting perspective. He suggests that the 3,400 TPS is more of a theoretical figure achieved under controlled, perfect conditions. In the chaotic, unpredictable environment of the real world, XRP might not always reach these numbers. Drawing from hands-on experience and data, Keller mentions that XRP’s realistic transaction speed oscillates between 500 to 700 TPS. Additionally, Ripple’s own CTO recently aligned with this view, confirming that while the XRP team had previously advertised a capability of 1,500 TPS, the recent upgrade to 3,400 TPS remains an aspirational figure.
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