Transactions in the crypto industry

Grand Time
Aug 12, 2022

What determines the usefulness of a particular cryptocurrency?
This is the transaction processing speed!

The operation of storing data in the blockchain, in which the transfer of crypto assets or other information between wallets takes place, is called a transaction.
The main characteristics of the network are: cost, speed and number of transactions per second.

For comparison, the number of transactions per second that the system can process:👇🏻
* Mastercard — 5 000,
* Visa 65 000,
* Bitcoin lightning > 1,000,000 (according to Kraken)

We are currently witnessing a restructuring of the monetary system. And cryptocurrency is increasingly being viewed as a new component of the global financial system of the future. 🔥

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Grand Time

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