Cryptocurrency Q&A
How fast is Mina blockchain?
How fast is Mina blockchain?
Silvia
Mon May 27 2024
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5 answers
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Could you please enlighten me on the speed of the Mina blockchain? I'm quite curious about its performance and how it compares to other blockchains in the industry. Is it able to handle a high volume of transactions efficiently? Also, how does it achieve such speed? Are there any specific technologies or mechanisms employed that contribute to its swiftness? I'd really appreciate it if you could provide a detailed explanation.
5 answers
MoonlitCharm
Wed May 29 2024
One crucial aspect of the MINA network is its transaction finality mechanism.
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DigitalLegendGuard
Wed May 29 2024
The MINA network compares favorably with Bitcoin in terms of transaction speed, despite its limitations.
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KatanaSharpness
Wed May 29 2024
With a maximum capacity of 22 transactions per second (tps), MINA falls behind some of the more advanced blockchains in terms of scalability.
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TaekwondoMasterStrength
Wed May 29 2024
This throughput, however, is still sufficient for many day-to-day transactions, making MINA a viable option for those seeking an alternative to Bitcoin.
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InfinityVoyager
Tue May 28 2024
Unlike some other blockchains, MINA requires 15 confirmations for a transaction to be considered final and irreversible.
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