Cryptocurrencies come with different transaction speeds where some are faster than others. As long as these coins run on blockchain technology to process, validate, and verify transactions, transaction speeds depend on several factors. That’s including network congestion, transaction volume, transaction fees, and lagging nodes.
Transaction speed is a big draw of users to cryptocurrency since traditional finance tends to have long waiting times. Therefore the faster the transactions, the more ideal a coin is to consumers looking for efficiency in their exchanges. However, some crypto coins have more advanced speed, and we’ll compare the top five fastest cryptocurrencies.
Apollo is the industry’s fastest cryptocurrency with the speed of sub-zero to two seconds block-time per transaction. It appeals to retailers and consumers who are looking for large case-use cryptos such as banks and governments. Apollo was the first to launch a national currency platform to host a national currency and the only cryptocurrency that’s launching a mass adoption crypto friendly bank.
As the world’s first blockchain that implements database level sharding, it satisfies high user expectations of indefinite sustainability. Furthermore, it boasts advanced proprietary tech such as adaptive forging, Apollo updater, node synchronization, Apollo atomic swaps, sharding and many more. It is the first cryptocurrency to make wallets quantum resistant and have true quantum resistance. It’s without a doubt the world’s most feature rich cryptocurrency.
Vendors worldwide continue to benefit from Apollo’s low transaction fees and token systems that run on non-complex codes. Users on the platform can send public and private transactions via encrypted messaging, private ledgers, IP masking, etc. They have the world’s first Dapps infrastructure with limitless storage coming soon. Here’s where you can buy it.
Gold Secured Currency (GSX)
Gold Secured Currency is hosted on the Apollo Blockchain, which means it boasts the same transaction speed of sub-zero to two seconds block-time. GSX is an asset gold-backed coin. That means its value increases over time without drops.Since it’s developed by Apollo Fintech it shares the same technological advancements such as having database sharding, security, quantum resistant wallets, launching mass adoption of a crypto friendly bank etc.
GSX holders receive yearly dividends and can redeem GSX for its value in gold. Also, holders are the true beneficiaries of land rights, mining companies, and mining assets under GSX.
As an investment, GSX incorporates the best features of a stable coin, cryptocurrency, and investment coin. It combines stability and growth and is the only coin that grows asset value continually. The value of GSX improves after 50% of what is not sold in CDE gets burned with value moving to surviving GSX. It will have continuous auditing by a third party.
In the future, GSX will be the only quantum secured stable coin and will not be affected when the technology comes. Here’s where you can buy it, get it while it’s still on presale with as much as 50% bonus.
Ripple is a coin that runs on the RippleNet network that has an approximated transaction speed of four seconds. It is a token used for transactions in the Ripple network that was created in 2004. XRP was created to act as a bridge between different currencies. It was designed for financial institutions and payment providers to transfer value and build enterprises.
The network has its eye on solving the problem of cross border payments by creating a standard mode of XRP transaction.
Ripple’s transaction costs are $0.00001, which disappears from the platform and can’t get replenished. The weird “disappearance” of the transaction fee is a deliberate act by the network to prevent spam attacks.
After all, Ripple runs on its own patented technology called the Ripple Protocol consensus algorithm (RPCA) instead of the blockchain.
Stellar Lumens (XLM)
Stellar is a distributed payment infrastructure that has an approximated transaction speed of five seconds. Founded in 2014, Stellar focuses on fast and affordable cross border transactions. Unlike Ripple, Stellar focuses more on individual needs as opposed to corporate and large institutions. XLM is used to make cheap international payments and conduct quick transactions between different currencies.
The Stellar platform uses distributed ledgers to maintain data and store transaction history. The platform uses a payment protocol known as Stellar Core that uses the Stellar Consensus Protocol algorithm. This Stellar algorithm in turn relies on a consensus model called Federated Byzantine Agreement.
NEO is a decentralized open-source cryptocurrency that has an approximated fifteen-second transaction speed. NEO is the name of both the cryptocurrency and the blockchain platform launched in China. It aims to convert traditional assets into digital assets where users can create decentralized apps and smart contracts. Furthermore, NEO users can create identities usable via multi-factor authentication mechanisms such as facial recognition, fingerprints, etc. Unlike other cryptocurrencies, NEO is not divisible, and its smallest unit will always be 1.
As more people discover the advantages cryptocurrency has over traditional finance, we can all agree that transaction speed is a major draw. The change from traditional fiat is undoubtedly spurred by the promise of almost instant transaction speeds of coins like Apollo. Users and investors are more interested in networks that can handle high volume transactions and increased transaction speeds. The coins noted are ahead of their counterparts and more likely to attract both new and experienced investors.
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