I can’t help but notice the buzz about Cardano’s claim of two million TPS. Is this all hype, and sacrificing security for speed?
Cardano Claims it Can Handle Up To 2 Million TPS?
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If I remember correctly, early on in development Hedera (HBAR) were saying up to 500,000 tps. Not a million but (again if I remember correctly) Visa does something like 50-100k tps globally, so 500k is plenty.
What good is 2m transactions when Cardano is processing like 7 per second because nobody uses your network?
None of them are aBFT so they will never be used for enterprise applications because they lack security. Most of those other chains also use a leader node which means you could DDoS the banks’ ledger and bring the world’s payment infrastructure offline.
They sacrifice security for speed when they don’t even do any throughput. It’s pathetic.