Not only did Ripple grab the second place in the list of the largest cryptocurrencies in the world for a short time, but it also set new records in terms of transaction speed.
Yesterday, the latest developments and updates were presented on the official website of Ripple. Ripple’s Inter Ledger protocol is now able to handle more than 50,000 transactions per second.
Despite this very high throughput speed, Ripple did not hang on to the big bell. Ripple’s Blockchain is significantly faster than Bitcoin, TRON or Ethereum.
Bitcoin currently manages 7 and Ethereum 20 transactions per second to process. The TRON Foundation recently reported a throughput of 2,000 transactions per second under optimal conditions.
Vitalik Buterin has announced that as soon as further scaling solutions are implemented, throughput can increase to one million transactions per second. The implementation of plasma is planned until the end of next year and sharding until 2020.
Meanwhile, Ripple has risen more than 47 percent in the last 7 days, to a price of $ 0.45. This is partly due to the announcement of Coinbase, which many investors are hoping for a possible listing of XRP on Coinbase. Nevertheless, it seems relatively unlikely that this will be implemented promptly. We are looking forward to further development.
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