this post was submitted on 16 Jul 2025
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getmonero.org 1 minute average confirmation time, private by default. Eth average confirmation time is 6 seconds and right now it's doing 16 transactions per second, not counting L2s. Blockchains are way more secure than a centralized database controlled by a financial institution that can freeze or deny you the right to use your money or fat-finger your life savings away with no recourse.
Please, that's nothing. In a mass adoption scenario, the whole thing would either crumble or eat a significant portion of the world's electric production.
I won't have an argument about the futility of the whole decentralization endeavor and how it fails to meaningfully address any of the very real concerns that central banking has addressed over the centuries. History has already proven all of you fools.
It's 16 tps right now because that's the current demand, highest tps recorded was 57, not counting L2s which are doing 430 tps right now (stats) and can handle way more, for example the biggest one called base can handle 1400 tps alone and the next major eth upgrade is targeting 100000 tps capability.