What is 'transactions per second' in Bitcoin?

The number of Bitcoin transactions added to the mempool per second. 'Transactions per second' is an indicator that measures the scalability of the Bitcoin network.

How many transactions per second can a cryptocurrency blockchain process?

Every cryptocurrency blockchain is capable to process a different number of transactions per second, for example: Bitcoin (BTC) has a transaction throughput of 7 TPS, and the confirmation time for one transaction is approximately one hour;

What is transaction per second (TPS)?

Transaction per second (TPS) refers to the number of transactions that a network can process each second. The faster the network is, the better it manages congestion. As a result, this gives it a higher payment efficiency and thus, a higher chance of adoption, institutional or individual. Bitcoin processes 7 transactions per second.

How long does it take for bitcoin to settle?

What you notice is that while Bitcoin may have lower transaction per second throughput, transactions regardless of monetary value settle and is suitable for another transaction within 10 minutes, with each 10-minute block after further setting the transaction in digital stone. Depending on perspective, a ten-minute block time can be good or bad.