Fork Free Energy Efficient Red Belly Blockchain Hits 30 000 Transactions Per Second
3,000 Trx/Sec matching 14 regions In comparison, mainstream blockchain technologies need minutes, with the Bitcoin Blockchain and the Ethereum network typically processing seven and 20 transactions per second respectively. The experiment emphasizes the newly launched Blockchain’s scalability while retaining fast transaction speeds makes it ideal for the processing of financial transactions and microgrids that use peer-to-peer trading to transform the energy sector. Fork-free, no double spending In addition to high throughput, Red Belly differs from existing solutions with a number of advantages....