Transactions Per Second (TPS)
By Cryptomcmillan1 | Updated on Aug 12, 2021
It is number of transactions done per second. For example, there are 10 transactions of Bitcoin done in 1-minute. The TPS would be 10 transactions/60 seconds = ~0.17 TPS.
Related Terms
IEO
Initial Exchange Offering (IEO) is a spin-off of Initial Coin Offering (ICO), where the sale of tokens are conducted on an exchange rather than by the coin team themselves.
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
Tangle
The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.