Cardano is a decentralized public blockchain and cryptocurrency project that is fully open-source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Cardano is just built differently.
Currently not 250TPS, changeable protocol parameter
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Cardano is currently not averaging 250TPS, it is actually quite lower.
Please however note that an increase in TPS is changeable with protocol parameters.
How will Cardano keep up with Ethereum's 2.0 upgrade (when, if, that arrives)?
By continuing to develop the same way Ethereum does. Scaling will be covered by Hydra shortly after Alonzo completes.
when is alonzo and what gives you the confidence to say "shortly after"?
Alonzo is the HFC that will enable Smart contracts on the Cardano Mainnet.
By "shortly after", he doesn't mean in just a month or two lol. If he does, then the team would have to be on point to hit those targets. Hydra will enable the cardano blockchain to be capable of 1,000,000+ TPS, we just have to get there first.
Rome wasn't built in one day
Exactly Hydra is going to blow them out of the water. Also Cardano is no a cheap ripoff blockchain. It has been built for purpose.
Hydra is a state channel solution. State channels introduce so many new problems that it simply doesn't cut it to say they'd scale the network to x/y/z tps. In theory, the LN also scales Bitcoin to +inf tps. Same idea, same problems.
Alonzo is expected Aug/Sep.
Sorry but i need to throw in some noob questions here. Are Alonzo and Hydra L2 solutions? Hydra is a state channel solution...so does it have a purpose similar to zk/optimistic rollups? What does Alonzo do?
Alonzo is mainly adding smart contract functionality to Cardano. It's currently in the testnet phase with a small number of operators but will soon be opened to a few hundred operators for testing before mainnet launch of Alonzo somewhere around September
Oh so Alonzo is the effort to augment the existing layer 1 blockchain code and not a distinct layer on top of the chain?
How shortly after?
Check out the Cardano roadmap. We are only approaching the 3rd milestone out of 5
Ada in its final form will still smash eth 2.0. I don't believe any software project can radically change their platform and have it be as good as newly built things.
Eth has been out for years, ada and dot are being made by cofounders of eth. I just don't believe any software can be refactored as well as a brand new project would be able to.
Eth 2.0 will fix a lot I'm sure, but at the end of the day to me at least, it's still eth and just fundamentally cannot scale as much as ada or dot.
I've seen shitty legacy code, no one can fix garbage lol, at a certain point you gotta restart and change your entire infrastructure.
Just my 2 cents, I'm no blockchain dev but as a dev in general I just don't think it's possible for eth 2 to be as good as ada in its final form.
The protocols are what matters, not the code base. All the work goes into nailing down changes to their respective protocols, the code base is ultimately just implementation detail. It's like TCP and UDP versus a networking library. If the code base sucks, you can just start from scratch, because the protocol you need to implement has been so well specified.
That's fair but their protocol is part of their codebase. I mean every component of what they have is hard to change.
Take btc lightning network for example. A layer 2 solution is never going to be as good as a layer 1 solution embedded into your protocol from the beginning. That's what I'm trying to say
I don’t necessarily agree that Layer 2 will never be as good as layer 1. Depends what you use those layers for. Charles puts it beautifully on Lex podcast, if you want fast and cheap transactions, but can ease a bit on some others aspects as security, then a side chain layer 2 is perfect.
Hydra is a good example, it basically allows batches of payloads to be collected in separate chains, could be smart contracts interface or anything. Then all those can be updated to the main layer 1 blockchain as a batch.
I like his evolution of organs analogy. First there’s the body. Then it’s got some arms and legs, with specific functions. Then a heart, liver and kidney and so on. Separate “layers” of core functionality, easing the workload into separate pools if you will.
Cardano is faster and structurally strong in its core, that certainly helps. But layers are incredibly useful to connect to other interfaces, bridges to other networks etc.
I thought eth2 is a new chain. Built from scratch.
I'm actually not 100% up to date on eth so I'm not positive... I'm pretty sure no tho, there is no transition process to eth 2, it's not a hard fork. Your eth will just be usable by eth 2.
I'm pretty certain it is not built by scratch at all, it's not even a hard fork right?
Correct, it’s just a change in the consensus layer from Proof of Work to Proof of Stake.
There is no change to the execution (ie tokens, dApps, ETH, NFTs, DAOs, DeFi...) layer.
👍
It’s not a hard fork all ETH will be moved to the ETH 2.0 smart contract and onto the ETH 2.0 platform. Once ETH 2.0 is implemented and the smart contract is executed, no newly minted ETH on the old chain will be able to be converted into ETH on the new plasma chain without the use of a blockchain bridge/swap token
I believe what is the current ethereum network will be one of many 'shards' that will be synched with the beacon chain. When the main chain is merged with the beacon chain, eth2 will be 'live' and all the activity on ethereum will have much more space to operate on.
You can refactor legacy code if it is S.O.L.I.D
Hydra heads won’t even blink at trying to keep up. Hydra heads are a type of state channel which is effectively sharding because they will pull EUTxOs off the base ledger to work with them on a “mini-ledger” until the head closes.
new roadmap will be unveiled by early 2022 for the next 5 years of development by IOG, many devs will be able to submit their roadmaps too and community will vote
Good question I would like to know as well
Except that isn’t accurate. Right now the max is between 6-9 TPS for Cardano.
Crazy how such misinformation can be spread and accepted so readily
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What it can do in the future is not what this gif is trying to get at. It's trying to suggest that it currently can process 250 TPS already.
Right but there is a difference between technical limitations, and demand. Cardano doesn't have the demand to increase parameters to hit 250 tps, however they have already shown its possible with the current implementation. No sharding, scaling etc. Already their nodes could hit 250 tps if we needed it.
Increasing the parameters isn't optimal until demand increases.
Cardano doesn't rely on advanced technology to increase throughput though. It's just a simple blocksize increase, which any other chain could do too if they wanted. The problem is that there are legitimate reasons to keep the blocksize low, mainly decentralization and security. Without a fundamental breakthrough, like sharding for example, you're just moving points from one stat to another.
Can you explain why increasing blocksize is an issue? Is it just because a larger block size means nodes would need higher bandwith and lower latency to keep up with the network (thereby reducing the number of nodes, and centralizing)?
Correct. You can run a bitcoin node from a Raspberry Pi because the blocks are so small. If you increase block size to 1GB you get significantly higher TPS at the cost of only large scale datacenter computers being able to process the transactions.
That's the jist of it, yeah.
To be clear, I'm not trying to argue for or against Cardano's scaling strategy here. I'm just saying that Cardano's scaling strategy isn't fundamentally different from any other. Scaling is a difficult problem that hasn't really been solved by anyone yet, and the obvious scaling methods (e.g. blocksize increase) have drawbacks that people tend to ignore. If it was that simple, every chain would just crank up the blocksize to 11, call it a day, and we wouldn't be having these discussions.
lol - ask this question to a BitcoinCash guy, please!
Nailed it
Sure, but block size isn't the only parameter cardano can change to effect tps.
Do you have an example?
Transaction rate is essentially block rate * block size / transaction size. Transaction size is usually never larger than it needs to be anyway, so that leaves two parameters to work with by my understanding.
Based on that logic this info graphic makes no sense because Bitcoin and Ethereum could do the same.
Funny how this gets downvoted to oblivion but the guy who said the same thing 2 hours later is positive. It’s all in the delivery my friend!
It’s a large community and sometimes a downvote train starts and people just jump onboard.
How? What parameter can bitcoin change today to increase tps?
Blocksize
And I guess we’re only looking at layer 1?
Yeah and BTCs lightning network can pump tens of thousands if in small quantities, but I know cardanians love sum confirmation bias. Don’t get me wrong I am a big fan of ADA; however, I feel a lot of the people who own ADA get way ahead of themselves. I would like to see a little more progress in the actual development personally before I get super bullish on it ya know 😁.
Do some research and you’ll see that this post isn’t accurate and Cardano can do much more. Look at the Hydra white paper. There actually “behind” on this post and not “ahead” of what is actually capable at this point in time.
Yes, and it’s like 60k TPS on some another smart-contract blockchain network in the top 20 by market cap.
Where did you get 250 TPS from?
My understanding is that it’s closer to 7-8 TPS currently?
Throughput of 250 is listed here: https://alephzero.org/blog/what-is-the-fastest-blockchain-and-why-analysis-of-43-blockchains/
What sucks is there are so many different numbers out there, but found it's best to just go with one source and this one has 43 coins on it..
Actually proven 1000 TPS, so you’re right..the graph isn’t right. Hydra white paper
Proven? What’s the source on that? I thought it was still just theoretical?
The 1000 tps has been proven.
Under what conditions? I do remember some tests - do you have a source?
Go to IOHK and read the paper. It’s 61 pages long. If I had access this second I’d send the link.
Have they actually stood up an environment though? Or is it still just academic?
Cardano is not like the other girls
HBAR sitting over there with 10,000+ tps as well if that's what spurns your fancy. My two largest bags are HBAR and ADA so I'm ride or die with both for a decade or more.
There is no sell. Only Zul.
Alright, another HBAR guy!
They are in every Cardano post
No we're not! I mean........ uh
HBAR is centralised.... ADA is decentralized BTC has a taproot upgrade so that number needs updating
Either way, I own all three but love that I grow my ADA everyday through staking 👍
Go read the Hydra white paper. Cardano could make HBAR look like child’s play if they had to at this point in time.
Sir Hbar is currently capped at 10,000+ with just CPU processing and no sharding. If the network needed they could boost TPS.
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100, 1000, 10,000, one million. That wont matter. If it works it works. Nobody will know or care about that when its used on a large scale. I don't use my visa over my discover because it has more TPS.
It does matter when you make projects like Nano Quake
That’s a userbase issue. Discover could easily do similar TPS as Visa with a similar user base. With cryptos it’s not as likely as they are fundamentally different than each other, and as such so are their respective solutions. Once scaled for a global userbase you would most certainly care if something was performed nearly instantaneously compared to taking weeks.
My whole point was the TPS wont matter as long as its sufficient. If something took weeks to transfer if would never make it anywhere close to mainstream so thats irrelevant.
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ye agree. Don't hate neither of them either. Just saying that their times are around the same of for example harmony, or one of the other blockchains, which also boost 1k tps or more
Still, it is at least not bitcoin so i am happy
Cardano can never have fast finality because of the Nakamoto-style protocol. Increasing the TPS or decreasing the block times doesn't matter either, the probability of finality will still stay low.
Well, that’s just plain wrong, lol.
Go to network performance tracker and check that average confirmation time is 0.4s rn.
Perc 90 confirmation time wasn’t higher than 0.5s for a loong time. At some moment spammer tried to spam nano again, but thanks to spam prevention he achieved nothing and network deprioritised him so he had really high confirmation time and as a consequence average confirmation time was bigger than 1s for a moment (while still being <0.5s for any regular user).
I need to look into Nano!
Nano is great but doesn’t do smart contracts so it’s a poor comparison. If we’re talking DAGs - Fantom can execute smart contracts at 4500TPS though.
In production for the past two years at least, it has done less than 300 TPS
I need a screensaver of this
just use the u/savevideo bot
U need to look at hbar tbh
Hmm. Wonder what it would look like with TRX up there?
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Wrong . Do some research. They aren’t utilizing their full capability because they don’t need to. Hydra white paper is your friend
FYI, Cardano has never done ever 250 transactions in one second. Ever. I could make a image likes this showing eth with sharding (it’s never done it either) and show 10,000 TPS compared to Cardano and btc and it would be just as accurate as this. I’m all for being bullish but present the facts as they are or else this is just another example of unrealistic unfounded expectations not based in the real world and will only further the hype based narrative of Cardano and not the substance based narrative
Totally agree. Only BSV has proven several thousand tps on main net and over 100 000 tps on test net.
No reason to do 250 tps, yet. They have already proven the capability to do 1000 tps(Hydra white paper). With 1M tps on the horizon
A white paper is not proof of anything lol.....
Now put IOTA or NANO beneath it :p
As in not built yet ?
this gives me 2017 vibes with Nano. cringe
You would need some serious gun upgrades on your fighter jet to beat the Cardano level.
Hbar does it ez lol
Also, have to reference Hydra which will most likely allow 1M+ tps
It’s more like “up to” 1M tps, but yeah it will greatly increase throughput
1M (million or thousand?) is even overkill if that’s achievable. Visa processes 80k tps, if any chain pushes 100k+ tps you’re looking great.
But all Visa does is payments. Cardano (any other blockchain) will do a lot more than that.
million, albeit on layer 2
When all of South Africa, (or even the whole continent) and other countries like Mongolia, Georgia adopt Cardano, I think 1M wouldn't be overkill.
How would this work with storage? Assuming 200 Byte tramsactions you would be looking at around 17 TB a day
Hydra is state channels so you don't save every transaction to the blockchain. You do them off-chain and they get saved when the channel closes.
I mean these have to scale to millions right?
Only 250 per second?
except that currently isnt accurate for Cardano.. and there are several chains that are rocking like 1500 TPS (XRP, XLM) ....im sure there are others even higher.
What about HBAR? Harmony One? They're fast too. I love Cardano too. I am stacking all of these.
Hbar smashes this. Not saying final Ada isn’t good but right now hbar is better.
Cardano just hit different
I love cardano and hodl for life. Charles is a beautiful mind as well but let’s not get too hot headed... Where’s XRP comparison? Cough cough.
Please mind you that TPS does not tell you the whole story. It also matters how much data you transmit with each transaction (ADA has far more space per transmitted Tx than ETH). Cardano Chief technical architect Duncan Coutts gave a very nice presentation on this during the Shelley summit in 2020:
https://www.youtube.com/watch?v=gpSnyCn2s9U&t=500s
Cool, an image comparing Cardano's future theoretical scale with Ethereum's current scale, without taking any of Ethereum's future upgrades into account.
I think it's fascinating this will look completely outdated in 1 year. I'll certainly be highlighting the difference in tx/s in ETH 2.0 with a viz like this when more numbers come out—it's my first of many falling-dot comparison visuals
Either the graphic should compare Ethereum and Cardano's current scale without unsustainably raising the block size/gas limit - both roughly 10 TPS - or it should compare Ethereum and Cardano's potential future scale at the end of their roadmaps - both roughly 100,000 to 1,000,000 TPS.
The problem is that the graphic is comparing Cardano's future scale with Ethereum's current scale. It doesn't make sense to compare Cardano's future to Ethereum's present, you have to compare present to present or future to future.
Neat note about this visual: the dots are actually rendered statically where a limited-view camera tracks upwards through them—making it look like they are falling.
That's actually pretty neat!
You kept your screen upside down LOL
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2nd note: what other coin comparisons do you want to see? I can either use potential throughput like above, or current speed from on-chain (as u/Zaytion mentioned here).
(bonus points if it's a theme like "ETH KILLERS")
nano
Polkadot plz :)
Sure, try IOTA’s potential throughput.
There is more to these systems than tps numbers, which apparently is not a great metric anyway, eg 10,000 tps but sending small bits of data, compared to 1,000 tps but sending larger bits of data. Tps has become more of a marketing tool.
This .gif is so hot it is almost pornographic
Can anyone explain me. What happens to a crypto that is Proof of Work and it becomes Proof Of Stake. Basically mining is fully wiped out, so how does the transaction gets noted in the block chain? Cardano seems so advanced how does this crypto functions without miners or any form of technology involved to ledge the transactions
Harmony ONE = 2,000 TPS
I'd love to see it when hydra is available!
I fear I have become BULLISH
imagine the day you folks discover eos with more than 2500 tps (historical data, no projection)
Laughs in hbar
Nano tho
I haven't used Eth for transactions in over a year. The gas fees are just crazy. Don't know if it's gotten better, but I distinctly remember trying to pay $20 for a subscription service and getting charged almost another $20 as a fee. Absolutely wild and caused me to immediately diversify my portfolio.
Hey I'm newer and I am invested in Cardano. However, I also have some money in Harmony. When I read harmony reports, it seems like they can do more transactions and faster than cardano. I don't want to be in an echo chamber at the Harmony reddit, but what are people's opinions on the differences between the two?
Edited to add: I know a huge strike against Harmony is its pwnage from Binance.
The world needs more visuals like this one.
Harmony One has already beaten that 250 transactions per second. Oh and the fee as well. :) cough for those that don’t know..
discount code alpha?
Ayyy. I was watching league videos while this was rendering so I intentionally mimicked T1 for this headline. I think you're the first to allude to it in here.
Visa has entered the chat
I not understand , Charles and everybody always compering ada against BTC and other coins. I really like ada but i never understand that hate against other coins. Stop doing this pls,it brings brutal negativity to this project trust me. Crypto is a young stuff, we are at the same boat all of us. Stop comparing ATLEAST the strong coins.
Banano has entered the chat
You mean HATHOR or HBAR right ? Only 250 TPS ?
Yea lol laughed my ass off when I see this title. Wait until OP read about other alt TPS. Even the notorious hbar can get 10k tps.
It's 10,000 confirmation per second and 10 smart contract transactions which is same rate as any other
10 EVM transactions per second, using the native contracts get 10k TPS.
Man your trying to hard to push this thing. Just let it play out.
Yeah, 50-100k validators differently lol
How about $HBAR, 10,000 TPS 😂👌
K, now add HBAR to this neat lil graph :)
Indeed it is!
Do they even do transactions 😂😂😂😂😂😂
Cardano has technology behind it
this doesnt accounts Hydra
Hydra doesn't exist yet to be fair. And if we count Hydra you'd have to account for a complete ETH 2.0 scaling solution.
This 250tps isn’t real either….
and still pretty inferior to Hydra nonetheless
Now try XRP….
If only the price would start going up…
Did you checked the charts in the last 6 months?
People don't realise ADA was 11p in December and 5p a year ago.
Rofl... I vote that this is the most stupid comment. Let me guess... you got into crypto yesterday. Step back from the charts ... price has gone up alot.
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If this is the case why does ETHEREUM and bitcoin have such a high market cap?
Show me the money 💰
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What exactly were you expecting? We are up an insane amount in the 1 year chart. And if you expect to get rich in less than 1 year, well I got news for you.
Everybody thinks that since they decided to get in the market, the market should thank them with 1000x in a week. That's not how it works
Ppl like you always complain. There is no responsibility by anybody that cardano make you money.
Just stating a fact sounds like you are the one complaining about “ppl like me”
This will only be accurate for at most 12 more months.
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Is this a fair comparison with the upcoming Ethereum 2.0 or will Cardano have similar major upgrades until then as well?
Real question, can nano have more tx per sec than cardano o no? How does nano hold against cardano?