How does XLM compare to other cryptocurrencies in terms of transactions per second?

3 answers

• kllooFeb 10, 2023 · 2 years ago
  XLM, also known as Stellar Lumens, is known for its fast and efficient transaction processing. Compared to other cryptocurrencies, XLM has a high throughput, with the ability to handle thousands of transactions per second. This makes it a popular choice for users who require quick and reliable transactions. The Stellar network achieves this speed by utilizing a unique consensus algorithm called the Stellar Consensus Protocol (SCP), which allows for fast confirmation times and low transaction fees.
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• mindtSep 11, 2022 · 3 years ago
  When it comes to transactions per second, XLM stands out among other cryptocurrencies. With its high throughput and efficient network, XLM can handle a large volume of transactions at a rapid pace. This makes it ideal for applications that require fast and scalable transactions, such as cross-border payments and remittances. XLM's transaction speed and reliability have contributed to its growing popularity in the cryptocurrency market.
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• Umut SayinJul 24, 2020 · 5 years ago
  In terms of transactions per second, XLM has proven to be a strong contender among cryptocurrencies. According to a recent report, XLM's network is capable of processing over 1,000 transactions per second, making it one of the fastest cryptocurrencies in terms of transaction speed. This impressive performance is attributed to the Stellar network's efficient consensus algorithm and its ability to handle high transaction volumes without compromising security. XLM's speed and scalability have attracted the attention of various industries, including financial institutions and payment processors.
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