Solana faster than Algorand and TRON

by Arthur · November 8, 2022

Solana faster than Algorand and TRON – The fastest blockchains in crypto space

Transactions per second (TPS) is mostly seen as an important factor in determining the speed and efficiency of a blockchain.
Solana has an effective speed strength of 50,000 TPS, making it one of the fastest networks in space.

According to recent research, the Solana blockchain is faster than Algorand and Tron. In a list of the fastest blockchains in the cryptocurrency space, Solana outclasses some of its peers, earning a reputation as one of the best blockchains.

With the league of existing blockchains, speed and security are the most important factors investors and developers consider before committing to a particular blockchain. The efficiency of a blockchain is judged by how quickly it can process transactions.

Table of Contents

The main features of Algorand and TRON

Algorand is making waves by offering a relatively high transaction speed. Blockchain was found in 2019 and has a TPS strength of 1300. The project is trying to increase it to 3000. The blockchain uses a Pure Proof-of-Stake (PPoS) consensus mechanism. This system of PoS does not require validators to unlock their funds to participate in the validation process. Algorand randomly selects validators and incentivizes them for their contribution to the network. Algorand is often referred to as a multi-layer structure that ensures fast processing of transactions while prioritizing security. However, its 1300 TPS still falls short of Solana’s.

Tron is a decentralized blockchain-based operating structure designed by the Tron Foundation. The blockchain has a speed strength of 2000 TPS and it is able to process transactions in 5 minutes. The blockchain has been used by a number of projects because it segments different types of ecosystem data.

How Solana rules over her peers

Solana has gained wide recognition in the digital asset sphere due to its strength in processing transactions quickly. The blockchain has an effective speed strength of 50,000 TPS, an impressive number that has attracted a number of DApps and NFT projects. With NFT collections, Solana has established itself as a worthy competitor against the dominance of Ethereum.

This giant step coincides with the low blockchain fee Solana charges. Since its creation in 2017, the blockchain has attracted over 350 projects as its TPS and low fees appeal to many developers. Worth noting that the Solana blockchain combines both proof-of-history (PoH) and proof-of-stake consensus mechanisms.

Final thoughts

With the attributes listed above, Solana sits above Algorand and Tron in the list of fastest blockchains. Although both Algorand and Tron are working on future updates that will help them process transactions faster. For now, they lack Solana on a number of metrics.