Nano Surges 40% After Network Tests Hit 756 TPS
The price of Nano (NANO), a trustless, low-latency cryptocurrency that utilizes a block lattice architecture, has surged 40% over the last 24 hours after the project revealed that its latest beta network stress test peaked at 756 transactions per second (TPS), a massive jump from previous highs.
A big THANK YOU to everyone who participated in the beta network stress test. Users reported an average sustained TPS of 75 over 30 minutes with a reported peak of 756 blocks/second.
Want to find out more? Join the conversation at https://t.co/Vrn9hJW8Zr$Nano #v15isComing pic.twitter.com/YXyH8nIMlU
— Nano (@nano) August 17, 2018
According to the announcement, the test had the Nano blockchain sustaining around 75 TPS over a thirty minute period, with a peak as high as 756 TPS. The second highest peak came in around 580 TPS. Previous network stress tests were hitting in the range of 100-300 TPS.
Nano’s unique block lattice architecture enables each account to have its own blockchain, achieving consensus through delegated proof of stake voting. This architecture facilitates near-instantaneous transactions with zero fees, and all transactions are handled independently, eliminating any block size issue. Through this approach, the project hopes to offer a real alternative to bitcoin as a digital currency for both P2P and merchant transactions.
As a comparison, here is the current TPS status of other major blockchain networks:
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.