For the widespread adoption of cryptocurrencies as true retail currencies Fluzcoin is solving the four primary issues: transaction speed, transaction costs, compliance, and excess volatility.Let's talk about the issue of high transaction speed and how Fluzcoin is aiming to solve it.On the retail merchant side, transaction speed has been one of the main reasons why they are hesitant to accept any cryptocurrencies — the speed is too slow. So in general, transaction speeds are a crucial part of a cryptocurrency.When comparing the transaction speeds of other cryptocurrencies, we can see that the speeds are as follows:
Bitcoin : 7 TPS
Bitcoin Cash : 61 TPS
Ethereum : 20 TPS
Litecoin : 26 TPS
Monero : 4 TPS
Most cryptocurrencies are still lacking behind in speed to FIAT payment methods like VISA and PayPal, which is 24000 TPS and 193 TPS respectively.The Fluzcoin transaction speed may vary depending on:
The transaction speed of Fluzcoin is tested to be 128 TPS, which is a speed close to PayPal and which we believe is sufficient for the initial release and successful scaling of the customer base to the first tens of millions of users.New blocks get added to the ledger by participating nodes setting voluntary timeouts until the next block is generated. To date, we have successfully tested transactions being confirmed and added to the blocks within a time range of 1.78 seconds and 6.45 seconds.
___________________________________________________________
Write to [email protected] and team member will reply shortly
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
In case you want to find more information about Fluzcoin.io, explore our White paper or join our Telegram Group to collaborate with team members and Fluzcoin community. Follow us on other social medias as well:
