cryptocurrency

Solana (SOL):

• Transaction Speed: Claims to handle up to 65,000 transactions per second (TPS) due to its hybrid Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms.
• Scalability: Designed for scalability, Solana's network architecture allows it to process transactions very quickly, making it one of the top choices for high-volume transactions.

Avalanche (AVAX):

• Transaction Speed: Can handle over 4,500 transactions per second with transaction confirmations in under two seconds.
• Scalability: Uses the Avalanche Consensus Protocol, which allows for high throughput and is noted for its scalability, making it suitable for large-scale operations.

TON Blockchain:

• Transaction Speed: Holds the record for the fastest-ever blockchain speed, achieving 104,715 transactions per second in a test scenario.
• Scalability: Its design focuses on high scalability, making it potentially one of the fastest for massive volume transactions.

Algorand (ALGO):

• Transaction Speed: Can process up to 1,000 transactions per second.
• Scalability: Uses a Pure Proof-of-Stake (PPoS) consensus mechanism which allows for high scalability and quick finality of transactions.

Cardano (ADA):

• Transaction Speed: While not the fastest in TPS directly, its architecture with the upcoming upgrades like Hydra is expected to handle up to 1,000,000 TPS theoretically, focusing on scalability through layer-2 solutions.

EOS.IO:

• Transaction Speed: Capable of processing up to 4,000 transactions per second.
• Scalability: Utilizes the Delegated Proof of Stake (DPoS) system which is designed for scalability, making it efficient for decentralized applications (dApps).